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131 STAT. 2154 PUBLIC LAW 115–97—DEC. 22, 2017 ‘‘(I) by substituting ‘more than 50 percent’ for ‘at least 80 percent’ each place it appears, and ‘‘(II) without regard to paragraphs (2) and (3) of section 1504(b). ‘‘(ii) CONTROL OF NON-CORPORATE ENTITIES.—A partnership or any other entity (other than a corpora- tion) shall be treated as a member of an expanded affiliated group if such entity is controlled (within the meaning of section 954(d)(3)) by members of such group (including any entity treated as a member of such group by reason of this clause).’’. (b) EFFECTIVE DATE.—The amendments made by this section shall apply to taxable years beginning after December 31, 2017. SEC. 13532. REPEAL OF ADVANCE REFUNDING BONDS. (a) IN GENERAL.—Paragraph (1) of section 149(d) is amended by striking ‘‘as part of an issue described in paragraph (2), (3), or (4).’’ and inserting ‘‘to advance refund another bond.’’. (b) CONFORMING AMENDMENTS.— (1) Section 149(d) is amended by striking paragraphs (2), (3), (4), and (6) and by redesignating paragraphs (5) and (7) as paragraphs (2) and (3). (2) Section 148(f)(4)(C) is amended by striking clause (xiv) and by redesignating clauses (xv) to (xvii) as clauses (xiv) to (xvi). (c) EFFECTIVE DATE.—The amendments made by this section shall apply to advance refunding bonds issued after December 31, 2017. Subpart D—S Corporations SEC. 13541. EXPANSION OF QUALIFYING BENEFICIARIES OF AN ELECTING SMALL BUSINESS TRUST. (a) NO LOOK-THROUGH FOR ELIGIBILITY PURPOSES.—Section 1361(c)(2)(B)(v) is amended by adding at the end the following new sentence: ‘‘This clause shall not apply for purposes of subsection (b)(1)(C).’’. (b) EFFECTIVE DATE.—The amendment made by this section shall take effect on January 1, 2018. SEC. 13542. CHARITABLE CONTRIBUTION DEDUCTION FOR ELECTING SMALL BUSINESS TRUSTS. (a) IN GENERAL.—Section 641(c)(2) is amended by inserting after subparagraph (D) the following new subparagraph: ‘‘(E)(i) Section 642(c) shall not apply. ‘‘(ii) For purposes of section 170(b)(1)(G), adjusted gross income shall be computed in the same manner as in the case of an individual, except that the deductions for costs which are paid or incurred in connection with the adminis- tration of the trust and which would not have been incurred if the property were not held in such trust shall be treated as allowable in arriving at adjusted gross income.’’. (b) EFFECTIVE DATE.—The amendment made by this section shall apply to taxable years beginning after December 31, 2017. 26 USC 641 note. 26 USC 1361 note. 26 USC 148 note. 26 USC 149. 26 USC 162 note. VerDate Sep 11 2014 10:09 Oct 18, 2018 Jkt 079139 PO 00097 Frm 00102 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL097.115 PUBL097 dkrause on DSKBC28HB2PROD with PUBLAWS