Sec. 128. EXTENSION OF SUBPART F EXCEPTION FOR ACTIVE FINANCING INCOME
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## SEC. 128 EXTENSION OF SUBPART F EXCEPTION FOR ACTIVE FINANCING INCOME ###
(a)Insurance Businesses **[**[26 U.S.C. 953](/us/usc/t26/s953)**]** Section 953(e) is amended by striking paragraph
(10)and by redesignating paragraph
(11)as paragraph (10). ###
(b)Banking, Financing, or Similar Businesses **[**[26 U.S.C. 954](/us/usc/t26/s954)**]** Section 954(h) is amended by striking paragraph (9). ###
(c)Effective Date **[**[26 U.S.C. 953 note](/us/usc/t26/s953)**]** The amendments made by this section shall apply to taxable years of foreign corporations beginning after December 31, 2014, and to taxable years of United States shareholders with or within which any such taxable year of such foreign corporation ends. ### Part 4 INCENTIVES FOR REAL ESTATE INVESTMENT
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