(a) Reduction in certain preference items, etc.For purposes of this subtitle, in the case of a corporation— (1) Section 1250 capital gain treatmentIn the case of section 1250 property

(a) For exemption of— (1) Allowances and expenditures to meet losses sustained by persons serving the United States abroad, due to appreciation of foreign currencies, see section 5943 of title 5, United States Code. (2) Benefits under laws administered by the Department of Veterans Affairs, see

(a) Alternative minimum tax foreign tax creditFor purposes of this part— (1) In generalThe alternative minimum tax foreign tax credit for any taxable year shall be the credit which would be determined under section 27 for such taxable year if— (A

(1) For provisions relating to registration in connection with firearms, see sections 5802, 5841, and 5861. (2) For special rules with respect to registration by persons engaged in receiving wagers, see section 4412.

(a) Time of making elections—(1) In general. Any election under §1.585-6(b)(2), §1.585-6(d)(2) or

sections 143 and 144) and 2, and section 3801, of the Internal Revenue Code of 1939 are hereby repealed. (B) Chapter 3 of this title shall apply with respect to payments and transfers occurring after December 31, 1954, and as to such payments and transfers

(a) Application of tax (1) Charitable trustsFor purposes of part II of subchapter F of chapter 1 (other than section 508(a), (b), and (c)) and for purposes of this chapter, a trust which is not exempt from taxation under

, was recognized under this title, or (B) if the distribution was not subject to tax in the hands of such distributee by reason of section 305(a). (2) Stock or securitiesFor purposes of this subsection, the term "stock or securities" includes rights to acquire stock or securities. [(e) Repealed.

after December 31, 1963, and on each day of which the distributing corporation and the corporation receiving the dividend were members of such affiliated group. (2) Affiliated groupFor purposes of this subsection: (A) In generalThe term "affiliated group" has the meaning given such term by section 1504

(a) General ruleFor purposes of section 38, the credit determined under this section for the taxable year is an amount equal to 25 percent of the qualified clinical testing expenses for the taxable year. (b) Qualified clinical testing expensesFor purposes of this section—

sources within the United States), of any nonresident alien individual or of any foreign partnership shall (except as otherwise provided in regulations prescribed by the Secretary under section 874) deduct and withhold from such items a tax equal to 30 percent thereof, except that in the case of any item of income specified in the second sentence of subsection (b), the tax shall be equal to 14 percent of

section 143(k)(4)) with respect to such residence, or (iii) as a qualified rehabilitation loan (as defined in section 143(k)(5)) with respect to such residence, and (B) specified in the mortgage credit certificate. (c