Sec. 3634. Repeal of special rules for timber held by REITs

191 words·~1 min read·/bill/113/hr/1/ih/section-3634

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Section 856(c)(5)(L), as added by this Act, is amended by inserting timber or after shall not include . Section 856(c)(2) is amended by inserting and at the end of subparagraph (G), by striking and at the end of subparagraph (H), and by striking subparagraph (I). Section 856(c)(5), as amended by the preceding provisions of this Act, is amended by striking subparagraphs

(H)and

(I)and by redesignating subparagraphs (J), (K), and

(L)as subparagraphs (H),

(I)and (J), respectively. Section 856(c), as amended by the preceding provisions of this Act, is amended by striking paragraph (9). Section 857(b)(6) is amended by striking subparagraphs (D), (G), and (H), and by redesignating subparagraphs

(E)and

(F)as subparagraphs

(D)and (E), respectively. Section 857(b)(6)(D), as redesignated by paragraph (4), is amended by striking subparagraphs

(C)and

(D)and inserting subparagraph

(C). Section 857(b)(6)(E), as redesignated by paragraph (4), is amended— by striking subparagraph

(C)or

(D)and inserting subparagraph

(C), and by striking subparagraphs (C), (D), and

(E)and inserting subparagraphs

(C)and

(D). The amendments made by this section shall apply to taxable years beginning after December 31, 2016.