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131 STAT. 2169 PUBLIC LAW 115–97—DEC. 22, 2017 SEC. 13703. UNRELATED BUSINESS TAXABLE INCOME INCREASED BY AMOUNT OF CERTAIN FRINGE BENEFIT EXPENSES FOR WHICH DEDUCTION IS DISALLOWED. (a) IN GENERAL.—Section 512(a), as amended by this Act, is further amended by adding at the end the following new paragraph: ‘‘(7) INCREASE IN UNRELATED BUSINESS TAXABLE INCOME BY DISALLOWED FRINGE.—Unrelated business taxable income of an organization shall be increased by any amount for which a deduction is not allowable under this chapter by reason of section 274 and which is paid or incurred by such organiza- tion for any qualified transportation fringe (as defined in section 132(f)), any parking facility used in connection with qualified parking (as defined in section 132(f)(5)(C)), or any on-premises athletic facility (as defined in section 132(j)(4)(B)). The pre- ceding sentence shall not apply to the extent the amount paid or incurred is directly connected with an unrelated trade or business which is regularly carried on by the organization. The Secretary shall issue such regulations or other guidance as may be necessary or appropriate to carry out the purposes of this paragraph, including regulations or other guidance pro- viding for the appropriate allocation of depreciation and other costs with respect to facilities used for parking or for on- premises athletic facilities.’’. (b) EFFECTIVE DATE.—The amendment made by this section shall apply to amounts paid or incurred after December 31, 2017. SEC. 13704. REPEAL OF DEDUCTION FOR AMOUNTS PAID IN EXCHANGE FOR COLLEGE ATHLETIC EVENT SEATING RIGHTS. (a) IN GENERAL.—Section 170(l) is amended— (1) by striking paragraph (1) and inserting the following: ‘‘(1) IN GENERAL.—No deduction shall be allowed under this section for any amount described in paragraph (2).’’, and (2) in paragraph (2)(B), by striking ‘‘such amount would be allowable as a deduction under this section but for the fact that’’. (b) EFFECTIVE DATE.—The amendments made by this section shall apply to contributions made in taxable years beginning after December 31, 2017. SEC. 13705. REPEAL OF SUBSTANTIATION EXCEPTION IN CASE OF CON- TRIBUTIONS REPORTED BY DONEE. (a) IN GENERAL.—Section 170(f)(8) is amended by striking subparagraph (D) and by redesignating subparagraph (E) as subparagraph (D). (b) EFFECTIVE DATE.—The amendments made by this section shall apply to contributions made in taxable years beginning after December 31, 2016. PART IX—OTHER PROVISIONS Subpart A—Craft Beverage Modernization and Tax Reform SEC. 13801. PRODUCTION PERIOD FOR BEER, WINE, AND DISTILLED SPIRITS. (a) IN GENERAL.—Section 263A(f) is amended— (1) by redesignating paragraph (4) as paragraph (5), and 26 USC 170 note. 26 USC 170 note. 26 USC 512 note. 26 USC 512. VerDate Sep 11 2014 10:09 Oct 18, 2018 Jkt 079139 PO 00097 Frm 00117 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL097.115 PUBL097 dkrause on DSKBC28HB2PROD with PUBLAWS