“ Regulatory Authority.—The Secretary is authorized to promulgate regulations which provide guidance regarding the determination of the allocation of net income or proceeds of a tax-exempt entity attributable to a transaction to various periods, including before and after the listing of the transaction or the date which is 90 days after the date of the enactment of this section. ”

“ Effective Dates.— The amendments made by this section shall apply to taxable years of qualified investment entities beginning after December 31, 2005, except that no amount shall be required to be withheld under section 1441, 1442, or 1445 of the Internal Revenue Code of 1986 with respect to any distribution before the date of the enactment of this Act if such amount was not otherwise required to be withheld under any such section as in effect before such amendments. ”

“ Penalty on entities.—In the case of a failure to file a disclosure required under section 6033 (a) (2) , there shall be paid by the tax-exempt entity (the entity manager in the case of a tax-exempt entity described in paragraph (4) , (5) , (6) , or (7) of section 4965 (c) ) $100 for each day during which such failure continues. ”

“ In general.—The term `disqualified investment corporation' means any distributing or controlled corporation if the fair market value of the investment assets of the corporation is— `` (i) in the case of distributions after the end of the 1-year period beginning on the date of the enactment of this subsection, \2/3\ or more of the fair market value of all assets of the corporation, and `` (ii) in the case of distributions during such 1-year period, \3/4\ or more of the fair market value of all assets of the corporation. ”

“ In general.—For purposes of this section, the term `qualified continuing care facility' means 1 or more facilities— `` (i) which are designed to provide services under continuing care contracts, `` (ii) which include an independent living unit, plus an assisted living or nursing facility, or both, and `` (iii) substantially all of the independent living unit residents of which are covered by continuing care contracts. ”

“ Exception.—Subparagraph (A) shall not apply with respect to any issuer which— `` (i) is a State (or an integral part of a State) issuing pooled financing bonds to make or finance loans to subordinate governmental units of such State, or `` (ii) is a State-created entity providing financing for water-infrastructure projects through the federally-sponsored State revolving fund program. ”

“ Allowance of nonrefundable personal credits against regular and alternative minimum tax liability. TITLE IV—CORPORATE ESTIMATED TAX PROVISIONS Sec. 401. Time for payment of corporate estimated taxes. TITLE V—REVENUE OFFSET PROVISIONS Sec. 501. Application of earnings stripping rules to partners which are corporations. Sec. 502. Reporting of interest on tax-exempt bonds. Sec. 503. 5-year amortization of geological and geophysical expenditures for certain major integrated oil companies. Sec. 504. Application of FIRPTA to regulated investment companies. ”

“ Capital gains treatment for certain self-created musical works. Sec. 205. Vessel tonnage limit. Sec. 206. Modification of special arbitrage rule for certain funds. Sec. 207. Amortization of expenses incurred in creating or acquiring music or music copyrights. Sec. 208. Modification of effective date of disregard of certain capital expenditures for purposes of qualified small issue bonds. Sec. 209. Modification of treatment of loans to qualified continuing care facilities. TITLE III—ALTERNATIVE MINIMUM TAX RELIEF Sec. 301. Increase in alternative minimum tax exemption amount for 2006. ”