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TITLE 26-INTERNAL REVENUE CODE L. 94-455] shall apply for taxable years beginning after December 31, 1974. "(2) Exceptions.- "(A) Section 301(e) of the Tax Reduction Act of 1975 [set out as a note below], as added by subsec- tion (d), shall apply for taxable years beginning after December 31. 1976. "(B The amendments made by subsections (a) and (b)(1) shall apply for taxable years beginning after December 31, 1975. "(C) The amendments made by subsections (b)(4) and (f) shall apply for years beginning after Decem- ber 31, 1975." Section 805(b) of Pub. L. 94-455 provided that: "(1) In generaL.-Except as provided in subpara- graph (B), the amendment made by subsection (a) [enacting subsec. (g) of this section] shall apply to taxable years beginning after December 31, 1975, in the case of property placed in service after such date. "(2) Section 46(g)(4).-Section 46(g)(4) of the In- ternal Revenue Code of 1954 [subsec. (g)(4) of this section] (as added by subsection (a)) shall apply to taxable years beginning after December 31, 1975." Amendment of subsec. (e)(2) by section 1607(b)(1)(B) of Pub. L. 94-455 applicable to taxable years ending after Oct. 4, 1976, with certain excep- tions, see section 1608(c) of Pub, L. 94-455, set out as an Effective Date of 1976 Amendment note under sec- tion 857 of this title. Amendment of subsecs. (a)(4), (c)(3t(B)(iii), by sec- tion 1901(a)(4) (A), (B), (b)(1)(C), of Pub. L. 94-455 ap- plicable with respect to taxable years beginning after Dec. 31, 1976, see section 1901(d) of Pub. L. 94-455, set out as an Effective Date of 1976 Amendment note under section 2 of this title. Section 2112(d)(1) of Pub. L. 94-455 provided that: "The amenainents made by subsection (a) [inserting subsec. (c)(5) of this section and amending section 48(al'(8) of this title] shall apply to- "(A) property acquired by the taxpayer after De- cember 31, 1976, and "(B) property the construction, reconstruction, or erection of which was completed by the taxpayer after December 31, 1976, (but only to the extent of the basis thereof attributable to construction, recon- struction, or erection after such date), in taxable years beginning after such date." EFFECTIVE DATE OF 1975 AMENDMENT Section 301(b)(4) of Pub. L. 94-12 provided that: "The amendment made by paragraph (1) of this sub- section [amending subsec. (c)(3)(A) of this section] shall apply to property placed in service after January 21, 1975, in taxable years ending after Januar-' 21, 1975. The amendments made by paragraphs (2 and (3) [adding subsecs. (a)(6) and (f)(8) of this section] shall apply to taxable years ending after December 31, 1974." Section 305(a) of Pub. L. 94-12 provided that: "The amendments made by section 302 [adding subsecs. (c)(4) and (d) of this section, adding subsec. (a)(3) and amending subsecs. (a)(4), (a)(5), and (a)(6)(B) of sec- tion 47 of this title, and amending sections 48(d)(1), (2)(A) and 50B(f)(3) of this title] shall apply to tax- able years ending after December 31, 1974." EFFECTIVE DATE OF 1974 AMENDMENT Amendment of subsec. (a)(3) of this section by sec- tion 2001(g)(2)(B) of Pub. L. 93-406, which inserted reference to section 72(m)(5)(B) (relating to 10 per- cent tax on premature distributions to owner-employ- ees), applicable to distributions made in taxable years beginning after Dec. 31, 1975, see section 2001i)(5) of Pub. L. 93-406, set out as an Effective Date of 1974 Amendment note under section 72 of this title. Amendment of subset. (a)(3) of this section by sec- tion 2002(g)(2) of Pub. L. 93-406, which inserted refer- ence to section 408(e) (relating to additional tax on income from certain retirement accounts), effective on Jan. 1, 1975, see section 2002(i)(2) of Pub. L. 93-406, set out as an Effective Date note under section 4973 of this title. Amendment of subsec. (a)(3) of this section by sec- tion 2005(c)(4) of Pub. L. 93-406, which inserted refer- ence to section 402(e) (relating to tax on lump sum dis- tributions), applicable only with respect to distribu- tions or payments made after Dec. 31, 1973, in taxable years beginning after Dec. 31, 1973, see section 2005(d) of Pub. L. 93-406, set out as an Effective Date of 1974 Amendment note under section 402 of this title. EFFECTIVE DATE OF 1971 AMENDMENT Section 102(d)(1) and (2) of Pub. L. 92-178 provided that: "(1) The amendments made by subsections (a) and (b) (to subsec. (c)(2) of this section and section 48(a)(1) of this title] shall apply to property described in section 50 of the Internal Revenue Code of 1954 [section 50 of this title]. "(2) In redetermining qualified investment for pur- poses of section 47(a) of the Internal Revenue Code of 1954 [section 47(a) of this title] in the case of any property which ceases to be section 38 property with respect to the taxpayer after August 15, 1971, or which becomes public utility property after such date, section 46(c)(2) of such Code [subsec. (c)(2) of this sec- tion] shall be applied is amended by subsection Ca)." Section 105(d) of Pub. L. 92-178 provided that: "The amendments made by this section [enacting subsecs. (c)(3)(C) and (e) and amending subsec. (c)(3)(A) and (B) of this section and enacting note hereunder re- specting public utility property] shall apply to proper- ty described in section 50 of the Internal Revenue Code of 1954 [section 50 of this title]." Section 106(d) of Pub. L. 92-178 provided that: "The amendments made by subsections (a), (b), and (c)(2) [enacting subsec. (b)(3) and amending subsec. (b)(1) and (6) of this section] shall apply to taxable years be- ginning after December 31, 1970. The amendments made by subsection (c)(1) [amending subsec.(b)(5) of this section] shall apply to taxable years ending after August 15, 1971." Section 107(a)(2) of Pub. L. 92-178 provided that: "The repeals made by paragraph (1) [to subsec. (c)(4) of this section and section 47(a)(4) of this title] shall apply to casualties and thefts occurring after August 15, 1971." Section 108(d) of Pub. L. 92-178 provided that: "The amendments made by subsections (a) and (bl [enact- ing subsec. (d)(3) of this section and substituting 'sec- tion 46(d)(1)' for 'section 46(d)' in introductory text of section 48(d) of this title] shall apply to leases entered into after September 22, 1971. The amendment made by subsection (c) [to section 48(d) of this title] shall apply to leases entered into after November 8. 1971." EFFECTIVE DATE OF 1969 AMENDMENT Amendment of subsec. (a)(3) of this section by sec- tion 301(b)(4) of Pub. L. 91-172 applicable to taxable years ending after Dec, 31, 1969, see section 301(c) of Pub. L. 91-172, set out as an Effective Date note under section 56 of this title. Amendment of subsec. (a)(5) of this section by sec- tion 401(e)(1) of Pub. L. 91-172 applicable with respect to taxable years ending on or after Dec. 31, 1970, see section 401(h)(3) of Pub. L. 91-172, set out as an Effec- tive Date of 1969 Amendment note under section 1561 of this title. EFFECTIVE DATE OF 1967 AMENDMENT Section 2(g) of Pub. L. 90-225 provided that: "The amendments made by this section [amending sections 46(b)(3), 6411(a), 6501(j), 6511(d)(4)(A), 6601(e)(2), and 6611(f)(2) of this title] shall apply with respect to in- vestment credit carrybacks attributable to net operat- ing loss carrybacks from taxable years ending after July 31, 1967." EFFECTIVE DATE OF 1966 AMENDMENT Section 4 of Pub. L. 89-800 provided that: "The amendments made by this Act [amending sections Page 62