Unemployment Compensation Extension Act of 2010

Unemployment Compensation Extension Act of 2010 - (Sec. 2) Amends the Supplemental Appropriations Act, 2008 with respect to the state-established individual emergency unemployment compensation account (EUCA). Extends the final date for entering a federal-state agreement under the Emergency Unemployment Compensation (EUC) program through November 30, 2010. Postpones the termination of the program until April 30, 2011. Amends the Assistance for Unemployed Workers and Struggling Families Act to extend until December 1, 2010, requirements that federal payments to states cover 100% of EUC. Amends the Unemployment Compensation Extension Act of 2008 to exempt weeks of unemployment between enactment of this Act and April 30, 2011, from the prohibition in the Federal-State Extended Unemployment Compensation Act of 1970 against federal matching payments to a state for the first week in an individual's eligibility period for which extended compensation or sharable regular compensation is paid if the state law provides for payment of regular compensation to an individual for his or her first week of otherwise compensable unemployment. (Thus allows temporary federal matching for the first week of extended benefits for states with no waiting period.) Amends the Supplemental Appropriations Act, 2008 to apply to claims for EUC payments the terms and conditions of state unemployment compensation law relating to availability of work, active search for work, and refusal to accept work. (Sec. 3) Requires a state to determine whether an individual is to be paid EUC or regular compensation for a week of unemployment by using one of four specified methods if: (1) an individual has been determined to be entitled to EUC for a benefit year; (2) that benefit year has expired; and (3) such individual has remaining entitlement to EUC for that benefit year, and would qualify for a new benefit year in which the weekly benefit amount of regular compensation is at least either $100 or 25% less than the individual's weekly benefit amount in such benefit year. (Sec. 4) Declares that federal-state agreements under which the state agency makes EUC payments to certain individuals shall not apply (or shall cease to apply) with respect to a state whose method for computing regular compensation under such state's law has been modified in a manner that reduces the average weekly benefit amount of regular compensation payable on or after June 2, 2010, to less than the average weekly benefit amount of regular compensation otherwise payable under the state law as in effect on such date. (Thus prohibits states from reducing regular compensation in order to be eligible for federal funds under the EUC program.) (Sec. 5) Designates Sec. 2 and Sec. 3 as an emergency in the House of Representatives pursuant to the Statutory Pay-As-You-Go Act of 2010 and in the Senate as an emergency requirement.

American Jobs and Closing Tax Loopholes Act of 2010 - Title I: Infrastructure Incentives - (Sec. 101) Amends the Internal Revenue Code to extend through 2012 the period for issuing Build America Bonds and for credits allowable to issuers of such bonds. Allows financing of levees and other flood control projects with Build America Bonds. (Sec. 102) Exempts private activity bonds for sewage and water supply facilities from the state volume caps applicable to such bonds. Allows Indian tribal governments to issue tax-exempt private activity bonds to provide water or sewage facilities. (Sec. 103) Extends through 2011 the exemption from alternative minimum tax (AMT) treatment of interest on tax-exempt private activity bonds. (Sec. 104) Extends through 2011 the period for issuing recovery zone economic development bonds and recovery zone facility bonds. Provides for a second allocation of such bonds in 2010 based upon state unemployment statistics. (Sec. 105) Allows a full offset against the AMT for new market tax credit amounts attributable to qualified equity investments initially made before January 1, 2012. (Sec. 106) Extends through 2011 the tax exemption allowed for interest on bonds guaranteed by a federal home loan bank. (Sec. 107) Extends through 2011 small issuer rules for the allocation of tax-exempt interest expense by financial institutions. Title II: Extension of Expiring Provisions - Subtitle A: Energy - (Sec. 201) Extends through 2010: (1) the alternative motor vehicle tax credit for new qualified hybrid motor vehicles that weigh more than 8,500 pounds; (2) the income and excise tax credits for biodiesel and renewable diesel used as fuel; (3) the tax credit for the production of electricity at certain open-loop biomass facilities; (4) the tax credit for the production of steel industry fuel; (5) the tax credit for producing fuel from coke or coke gas; (6) the new energy efficient home tax credit; (7) the excise tax credits for alternative fuels and alternative fuel mixtures; (8) tax deferral rules for sales or dispositions by a qualified electric utility; and (9) the suspension of the taxable income limitation on percentage depletion for oil and gas from marginal wells. (Sec. 210) Allows a taxpayer to elect to receive a direct payment, in lieu of a tax credit for energy efficient appliances, equal to 85% of such credit for taxable years beginning in 2009 or 2010. (Sec. 211) Modifies standards applicable to the tax credit for nonbusiness energy property for exterior windows (including skylights) and doors to require that any such component placed in service 90 days after the enactment of this Act must meet criteria established by the 2010 Energy Star Program Requirements for Residential Windows, Doors, and Skylights, Version 5.0 (or any subsequent version of such requirements in effect after January 4, 2010). Subtitle B: Individual Tax Relief - Part I: Miscellaneous Provisions - (Sec. 221) Extends through 2010 tax deductions for: (1) certain expenses of elementary and secondary school teachers; (2) state and local real property taxes; (3) state and local sales taxes in lieu of state and local income taxes; (4) contributions of capital gains property made for conservation purposes; and (5) qualified tuition and related expenses (available to taxpayers who do not itemize their deductions) (Sec. 226) Extends through 2010: (1) tax-free distributions from individual retirement accounts (IRAs) for charitable purposes; and (2) the special rule for regulated investment company (RIC) stock held in the estate of a nonresident non-citizen. Part II: Low-Income Housing Credits - (Sec. 231) Allows state housing credit agencies to elect in 2010 a direct payment of low-income housing tax credit amounts for financing low-income buildings. Subtitle C: Business Tax Relief - (Sec. 241) Extends through 2010: (1) the tax credit for increasing research activities; (2) the tax credit for employment of members of Indian tribes; (3) the new markets tax credit; (4) the tax credit for railroad track maintenance expenditures; (5) the tax credit for mine rescue team training expenses; (6) the tax credit for differential wage payments for employees who are active duty members of the Uniformed Services; (7) accelerated depreciation for farming business machinery and equipment, qualified leasehold improvements, qualified restaurant buildings and improvements, qualified retail improvements, qualified retail improvements, motorsports entertainment complexes, and business property on Indian reservations; (8) the charitable tax deduction for contributions of food and book inventories by certain noncorporate taxpayers; (9) the charitable tax deduction for corporate contributions of computer technology and equipment for educational purposes; (10) the election to expense mine safety equipment and special expensing rules for certain film and television production; (11) expensing of environmental remediation expenditures; (12) the tax deduction for income attributable to domestic production activities in Puerto Rico; (13) tax rules for payments to controlling exempt organizations; (14) the exclusion of gain or loss from the sale or exchange of certain brownfield sites from the unrelated business income of tax-exempt organizations; (15) tax rules relating to timber real estate investment trusts; (16) tax rules relating to RIC dividends and the treatment of RICs as qualified investment entities; (17) the subpart F exemption for active financing income earned on business operations overseas; (18) rules for adjusting the basis of stock of S corporations making charitable contributions of property; (19) tax incentives for investment in empowerment zones and renewal communities, the District of Columbia, and American Samoa; and (20) the increase in the limitation on the amount of distilled spirits tax covered (paid over) into the treasuries of Puerto Rico and the Virgin Islands. (Sec. 271) Allows a corporation an election to increase its AMT credits by a specified credit adjustment amount for the purpose of increasing its new domestic investment in depreciable business equipment. (Sec. 272) Requires the Chief of Staff of the Joint Committee on Taxation, in consultation with the Comptroller General, to submit by November 30, 2010, to the House Committee on Ways and Means and the Senate Committee on Finance a report on each tax expenditure extended by this title. Requires such report to include an explanation of such tax expenditures and an analysis of their overall success. Subtitle D: Temporary Disaster Relief Provisions - Part I: National Disaster Relief - (Sec. 281) Extends through 2010: (1) waiver of certain mortgage revenue bond requirements for refinancing residences damaged or destroyed in a disaster area; (2) the tax deduction for personal casualty losses attributable to federally-declared disasters; (3) accelerated depreciation of qualified disaster property and expensing of qualified disaster expenses; and (4) the five-year extended carryover period for net operating losses incurred in a disaster area. Part II: Regional Provisions - Subpart A: New York Liberty Zone - (Sec. 291) Extends through 2010: (1) the special depreciation allowance for nonresidential and residential real property in the New York Liberty Zone; and (2) authority for issuing tax-exempt bonds in such Zone. Subpart B: GO Zone - (Sec. 295) Extends through 2010 the increase in the rehabilitation tax credit for a certified historic structure or qualified rehabilitated building located in the Gulf Opportunity Zone (GO Zone). (Sec. 296) Extends through August 28, 2010, the work opportunity tax credit for employing Hurricane Katrina employees. (Sec. 297) Extends through 2012 allocations of low-income housing tax credit dollar amounts for buildings in the GO Zone, the Rita GO Zone, or the Wilma GO Zone. Title III: Pension Provisions - Subtitle A: Pension Funding Relief - Part 1: Single-Employer Plans - (Sec. 301) Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (IRC) with respect to the shortfall amortization charge in the formula for determining the minimum required contribution for any plan year of a single-employer defined benefit plan in which the value of plan assets is less than the plan's funding target for the plan year. (The shortfall amortization charge for a plan for any plan year is the aggregate total of the shortfall amortization installments in amortizing unfunded liabilities for such plan year with respect to the shortfall amortization bases for the plan year and each of the six preceding plan years. Shortfall amortization installments are the amounts necessary to amortize the shortfall amortization base of the plan for any plan year in level annual installments over the seven-plan-year period beginning with such plan year.) Prescribes a special rule under which the plan sponsor may elect in any two plan years 2008-2011 shortfall amortization installments of: (1) interest on the shortfall amortization base, in the case of the first two plan years in a nine-plan-year period beginning with the applicable plan year; and (2) the amounts necessary to amortize the balance of such shortfall amortization base in level annual installments over the last seven plan years in that nine-plan-year period. Prescribes a related special rule for a 15-year amortization period. Specifies requirements for such elections. Requires an increase in shortfall amortization installments by an installment acceleration amount, during a specified restriction period (beginning after December 31, 2009), in cases of excess compensation or certain dividends or stock redemptions, as determined according to specified formulae. Defines installment acceleration amount as the sum of the aggregate amount of excess employee compensation (over $1 million) for a plan year after December 31, 2009, plus the amount of dividends and stock redemptions for such plan year. Requires a plan administrator to provide notice of a shortfall amortization election to each plan participant and beneficiary, labor organization representing such participants and beneficiaries, and the Pension Benefit Guaranty Corporation (PBGC) at least 30 days after such election. (Sec. 302) Amends the Pension Protection Act of 2006 (PPA 2006) to allow sponsors of certain eligible cooperative pension plans, PBGC settlement plans, and government contractor cooperative plans or eligible charity plans with delayed effective dates to elect, in certain plan years 2009-2011, and subject to certain conditions, to apply specified pre-PPA 2006 minimum funding rules with respect to unfunded new liabilities (under 90% funded) for either: (1) a two-year application of a deficit reduction contribution of zero plus an increased additional funding charge for certain plans with 9-year extended amortization periods; or (2) a one-year application of a new applicable percentage in the determination of a 15-year extended amortization period. (Sec. 303) Amends the Worker, Retiree, and Employer Recovery Act of 2008 with respect to the limitation on benefit accruals for plans with severe funding shortfalls. Modifies the application, for any plan year between October 1, 2008, and December 31, 2011, of the requirement that benefit accruals under a single-employer defined benefit plan cease as of the plan year's valuation date if the plan's adjusted funding target attainment (AFTA) percentage for a plan year is less than 60%. Repeals the requirement that the plan's AFTA percentage for the preceding plan year, if greater, be substituted for the AFTA percentage for the plan year concerned. Replaces it with a requirement that the plan's AFTA percentage for the last plan year ending before September 30, 2009, if greater, be substituted for the AFTA percentage for the plan year concerned. Amends ERISA and the IRC to exclude from the definition of "prohibited (benefit) payments," by treating as not an excess payment under a single life annuity (plus certain Social Security supplements), any Social Security leveling option payment made on or before December 31, 2011. (Sec. 304) Revises requirements for the reduction of the minimum required contribution (by elected credits for a prefunding balance and a funding standard carryover balance) to a single-employer defined benefit pension plan. Prescribes a special lookback for credit balance rule limiting such a reduction of the minimum required contribution for benefit plans that are less than 80% funded for plan years between June 30, 2009, and December 31, 2011. (Sec. 305) Amends ERISA to require each contributing sponsor, and each member of a contributing sponsor’s controlled group, of a single-employer plan to provide the PBGC information on plan liabilities and assets if either: (1) the funding target attainment percentage at the end of the preceding plan year of a plan is less than 80% (as under current law); or (2) the aggregate unfunded vested benefits of the plan exceed $75 million (disregarding plans with no unfunded vested benefits). (Sec. 306) Allows commercial airline employees who were participants in a tax-exempt defined benefit pension plan of a commercial airline that was terminated or otherwise restricted to transfer to a traditional IRA within a specified time period any amount received from the airline resulting from a bankruptcy proceeding filed after September 11, 2001, and before January 1, 2007. Treats such amount as a rollover contribution to the IRA. Excludes from the gross income of such employees any such amount received from an airline. Prescribes treatment of a rollover to a Roth IRA of any amounts attributable to an airline payment which was transferred subsequently to a traditional IRA. Part 2: Multiemployer Plans - (Sec. 311) Amends ERISA and the IRC relating to minimum funding standards for multiemployer benefit plans. Makes a special relief rule to allow such plans to elect alternative amortization plans and valuation methods for amortization of net investment losses incurred in either or both of the first two plan years ending after June 30, 2008, with an election for a specified expanded smoothing period in asset valuation methods. Requires plan sponsors to give notice of such an election to: (1) participants and beneficiaries of the plan; and (2) the PBGC. (Sec. 312) Authorizes the sponsor of a multiemployer pension plan in endangered or critical status to elect, by June 30, 2011, to extend the plan's funding improvement or rehabilitation period for up to an additional five years, reduced by any previous extension period. (Sec. 313) Declares that, in the case of an unfunded liabilities amortization extension granted to a multiemployer plan under specified pre-PPA 2006 minimum funding rules, the determination of whether any financial condition on the amortization extension is satisfied shall be made by assuming that for any plan year that contains some or all of the period between June 30 and October 31, 2008, the actual rate of return on the plan assets was equal to the interest rate used for purposes of charging or crediting the funding standard account in such plan year. Allows the plan sponsor, in the alternative, to elect otherwise in a form and manner prescribed by the Secretary of the Treasury. Authorizes the plan sponsor to revoke any such amortization extension. (Sec. 314) Revises requirements for the funding improvement plan that a plan sponsor must adopt for a multiemployer plan in endangered status, in particular the schedules of revised benefit and contribution structures the sponsor must provide the bargaining parties containing one proposal (default schedule) for reductions in the amount of future benefit accruals. Authorizes a sponsor of a multiemployer plan in endangered or critical status to designate an alternative default schedule of contribution rates and plan benefit changes if the alternative schedule has been adopted in collective bargaining agreements covering at least 75% of the active participants of the agreement. (Sec. 315) Declares that a multiemployer plan actuary shall not be treated as failing to meet the requirement for an annual certification of the plan's status or progress in meeting a funding improvement or rehabilitation plan requirements, if that certification occurs at any time earlier than 75 days after enactment of this Act. Prescribes a process for revising a plan actuary's prior certification if the plan sponsor makes an election under certain special relief rules with respect to minimum funding standards and the plan actuary's certification of the plan status did not take the election into account. Subtitle B: Fee Disclosure - Defined Contribution Fee Disclosure Act of 2010 - (Sec. 322) Amends ERISA to require a service provider, before entering into a contract to provide services to an individual account plan, to provide the plan administrator with a single written statement that includes: (1) a detailed description of plan services and fees; (2) in cases of recordkeeping services related to plan investment options, information needed by the plan administrator to provide pension benefit statements and investment options to plan participants or beneficiaries; (3) the identity of plan investment options; and (4) the portion of total expected annual revenue (fees) allocable to plan administration and recordkeeping, investment management, and other services. Exempts from such requirements any contracts or arrangements for services with a total expected annual revenue of less than $5,000. Requires an individual account plan administrator to notify the participant or beneficiary about investment options and specified related information, including a plan fee comparison chart, before the participant's initial investment and the effective date of any change in such options. Adds new requirements for quarterly benefit statements, including specified information on investment options. Allows plans with 100 or fewer participants and beneficiaries to issue an annual pension benefit statement instead of quarterly statements. Requires the Secretary of Labor to make available to employers with 100 or fewer employees: (1) educational and compliance materials concerning service providers of individual account plans which permit a participant or beneficiary to exercise control over account assets; and (2) services to assist in finding and understanding affordable investment options. Revises civil penalties to authorize the Secretary of Labor to assess a civil penalty of up to: (1) $1,000 a day (up to a maximum of the lesser of 10% of the plan's assets or $1 million) against a service provider that fails to provide a written service disclosure statement to the administrator of an individual account plan; and (2) $110 a day (up to a maximum of the lesser of 10% of the plan's assets or $500,000) against a plan administrator that fails or refuses to provide pension benefit statements and notice of investment options to plan participants and beneficiaries. Requires the Secretary of Labor to: (1) notify the applicable regulatory authority about any service provider engaged in a pattern or practice that precludes compliance with reporting and disclosure requirements for individual account plans; and (2) audit annually a representative sampling of individual account plans to determine compliance. Requires the Secretary of Labor to: (1) review such reporting and disclosure requirements; and (2) report recommendations for consolidating and improving them. (Sec. 323) Amends the IRC to impose a $1,000 a day penalty tax (up to a maximum of the lesser of 10% of the plan's assets or $1 million) on plan service providers who fail to provide plan administrators with initial and annual written statements of plan services and fees, investment options, the portion of total fees allocable to plan administration and recordkeeping, investment management, and other services, and any material changes in such statements. Imposes a $100 a day penalty tax (up to a maximum of the lesser of 10% of the plan's assets or $500,000) on plan administrators who fail to provide plan participants or beneficiaries with advance notice of investment options, quarterly benefit statements describing investment options, statements of plan services and fees, and any material changes in such notices. (Sec. 324) Directs the Secretary of Labor to prescribe regulations or other guidance in order to carry out the requirements of this Act. Allows any required disclosure to be made electronically. (Sec. 325) Applies the requirements of this Act to plan years beginning after December 31, 2011. Title IV: Revenue Offsets - Subtitle A: Foreign Provisions - (Sec. 401) Amends the IRC to set forth a tax rule for suspending the recognition of foreign tax credits until the related foreign income is taken into account for U.S. tax purposes. Authorizes the Secretary of the Treasury to issue regulations or guidance to carry out such tax rule and to allow for exceptions from the application of such rule. (Sec. 402) Denies a foreign tax credit for foreign income not subject to U.S. taxation due to a covered asset acquisition (defined as an acquisition that results in an increase in tax basis for U.S. tax purposes but not for foreign tax purposes). (Sec. 403) Applies a separate foreign tax credit limitation for each item of income that: (1) would be treated as derived from sources within the United States; and (2) would be treated as arising from sources outside the United States under a treaty obligation and the taxpayer chooses the benefits of such treaty. (Sec. 404) Limits the amount of foreign tax credits that may be claimed by a U.S. domestic corporation with respect to a deemed dividend paid by a foreign subsidiary. (Sec. 405) Sets forth a special rule to prevent a reduction in earnings in profits of a foreign corporation in an acquisition if more than 50% of the dividends arising from such acquisition would not be subject to U.S. taxation or be includible in the earnings and profits of a controlled foreign corporation. (Sec. 406) Treats a foreign corporation as a member of an affiliated group, for interest allocation and apportionment purposes, if: (1) more than 50% of its gross income is effectively connected with a U.S. trade or business; and (2) at least 80% of either the vote or value of its outstanding stock is owned directly or indirectly by members of the affiliated group. (Sec. 407) Repeals tax rules exempting foreign source income attributable to the active conduct of a foreign trade or business from withholding of tax requirements. (Sec. 408) Treats as income received in the United States amounts received from noncorporate residents or domestic corporations with respect to guarantees and amounts paid by any foreign person if such amounts are connected with income which is effectively connected with the conduct of a trade or business in the United States. (Sec. 409) Provides that the statute of limitations for failure to provide information to the Internal Revenue Service (IRS) on certain foreign transactions shall not be tolled if such failure is due to reasonable cause and not willful neglect. Subtitle B: Personal Service Income Earned in Pass-thru Entities - (Sec. 411) Amends the IRC to: (1) set forth a special rule for the inclusion in gross income of partnership interests transferred in connection with the provision of services; (2) treat as ordinary income or an ordinary loss any net income or loss from an investment services partnership interest; (3) increase the penalty for underpayment of tax resulting from property transferred for investment management services; and (4) include income and loss from an investment services partnership interest for purposes of determining net earnings from self-employment. Defines "investment services partnership interest" as any interest in a partnership held by a person who provides services to a partnership by: (1) advising the partnership about investing in, purchasing, or selling specified assets; (2) managing, acquiring, or disposing of specified assets; or (3) arranging financing with respect to acquiring specified assets. (Sec. 413) Requires the recognition of all self-employment income, for purposes of the tax on such income, earned from an S corporation which is a partner in a partnership engaged in professional services or for which the principal assets are the reputation and skill or three or fewer employees. Subtitle C: Corporate Provisions - (Sec. 421) Allows nonrecognition of gain or loss in a corporate reorganization to a corporation which is a party to such reorganization and which exchanges property pursuant to such reorganization solely for stock other than nonqualified preferred stock. (Sec. 422) Revises the tax treatment of property other than stock (i.e., boot) received in connection with a corporate reorganization to provide that such property shall be treated as a taxable dividend to the extent of the earnings and profits of the corporation and each corporation that is a party to such reorganization. Subtitle D: Other Provisions - (Sec. 431) Amends the IRC to: (1) extend the applicability of the Oil Spill Liability Trust Fund (Trust Fund) financing rate until December 31, 2020; (2) increase such financing rate to 34 cents a barrel for calendar quarters beginning more than 60 days after the enactment of this Act; and (3) increase the per incident limitations on expenditures from such Trust Fund. (Sec. 432) Increases by 36% the estimated tax installment for certain large corporations in the third quarter of 2015. Title V: Unemployment, Health, and Other Assistance - Subtitle A: Unemployment Insurance and Other Assistance - (Sec. 501) Amends the Supplemental Appropriations Act, 2008 with respect to the state-established individual emergency unemployment compensation account. Extends the final date for entering a federal-state agreement under the Emergency Unemployment Compensation (EUC) program through November 30, 2010. Postpones the termination of the program until April 30, 2011. Amends the Assistance for Unemployed Workers and Struggling Families Act to extend until: (1) November 30, 2010, federal-state agreements increasing regular unemployment compensation payments to individuals; and (2) December 1, 2010, requirements that federal payments to states cover 100% of EUC. Amends the Unemployment Compensation Extension Act of 2008 to exempt weeks of unemployment between enactment of this Act and April 30, 2011, from the prohibition in the Federal-State Extended Unemployment Compensation Act of 1970 against federal matching payments to a state for the first week in an individual's eligibility period for which extended compensation or sharable regular compensation is paid if the state law provides for payment of regular compensation to an individual for his or her first week of otherwise compensable unemployment. (Thus allows temporary federal matching for the first week of extended benefits for states with no waiting period.) Amends the Supplemental Appropriations Act, 2008 to apply to claims for EUC payments the terms and conditions of state unemployment compensation law relating to availability of work, active search for work, and refusal to accept work. (Sec. 502) Requires a state to determine whether an individual is to be paid EUC or regular compensation for a week of unemployment by using one of four specified methods if: (1) an individual has been determined to be entitled to EUC for a benefit year; (2) that benefit year has expired; (3) such individual has remaining entitlement to EUC for that benefit year, and would qualify for a new benefit year in which the weekly benefit amount of regular compensation is at least either $100 or 25% less than the individual's weekly benefit amount in such benefit year. (Sec. 503) Amends part A of title IV (Temporary Assistance to Needy Families) (TANF) of the Social Security Act (SSA) to appropriate funds for FY2011 to the Emergency Contingency Fund for State Temporary Assistance for Needy Families Programs (Emergency Fund). Requires amounts appropriated to the Emergency Fund for: (1) FY2009 to remain available through FY2011 to make grants and payments to states to cover expenditures to subsidize employment positions held by individuals placed in the positions before FY2011; and (2) FY2011, to remain available through FY2012 to make grants to states based on FY2011 expenditures for FY2011 benefits and services. Reserves a specified amount of FY2011 funds for use in FY2012 for grants for any emergency TANF expenditures incurred by states after FY2011. Extends the Emergency Fund grant program through FY2012. Extends through FY2011 the authority of the Secretary of Health and Human Services (HHS) to make state grants related to: (1) caseload increases; (2) increased expenditures for non-recurrent short term benefits; and (3) increased expenditures for subsidized employment. Requires an expenditure for subsidized employment to be taken into account for determining if the state meets the subsidized employment expenditure requirement only if it is used to subsidize employment for: (1) a member of a needy family (without regard to whether the family is receiving TANF); or (2) an individual who has exhausted (or, within 60 days, will exhaust) all rights to receive unemployment compensation under federal and state law, and who is a member of a needy family. Reduces from a maximum 50% to a maximum 30% of the annual state family assistance grant the total amount payable to a single state for FY2011 out of the Contingency Fund for State Welfare Programs and the Emergency Fund. Declares that, if the HHS Secretary determines that the Emergency Fund is at risk of being depleted before September 30, 2011, or that funds are available to accommodate additional state requests, the HHS Secretary, through program instructions issued without regard to federal rulemaking requirements, may: (1) specify priority criteria for awarding grants to states during FY2011; and (2) adjust such percentage limitation to the total amount payable to a single state for FY2011. Requires the HHS Secretary to issue program guidance, without regard to federal rulemaking requirements, which ensures that the funds provided under the amendments made by this section to a jurisdiction for subsidized employment do not support any subsidized employment position whose annual salary is greater than, at state option, either: (1) 200% of the poverty line for a family of four; or (2) the median wage in the jurisdiction. Subtitle B: Health Provisions - (Sec. 511) Amends the Tax Relief and Health Care Act of 2006, as modified by other federal law, to extend through FY 2011 section 508 hospital reclassifications. ("Section 508" refers to Section 508 of the Medicare Modernization Act of 2003, which allows the temporary reclassification of a hospital with a low Medicare area wage index, for reimbursement purposes, to a nearby location with a higher Medicare area wage index, so that the "Section 508 hospital" will receive the higher Medicare reimbursement rate.) Authorizes the HHS Secretary to implement this reclassification extension by posting on the Internet website of the Centers for Medicare & Medicaid Services (CMS) a list of the areas and the hospitals whose reclassifications will be extended. Allows hospitals located in or reclassified to labor market areas affected by such extension to terminate or withdraw their reclassifications according to a specified procedure. (Sec. 512) Repeals the delay until the beginning of FY2012 of the implementation of Version 4 of the Resource Utilization Groups (RUG-IV) for purposes of reimbursing skilled nursing facilities under Medicare. Allows RUG-IV to go into effect on October 1, 2010. (Sec. 513) Repeals the reinstatement for one year, from July 1, 2010, until July 1, 2011, of the reasonable cost reimbursement for clinical diagnostic laboratory services at certain small rural hospitals with under 50 beds. (Sec. 514) Makes appropriations to the HHS Secretary for the CMS Program Management Account with respect to Medicare claims reprocessing. (Sec. 515) Makes technical corrections to titles XIX (Medicaid) and XXI (Children's Health Insurance Program) (CHIP) of the SSA. Amends the Patient Protection and Affordable Care Act (PPACA) to repeal the requirement that Medicaid agencies exclude individuals or entities from participating in Medicaid for a specified period of time if the entity or individual owns, controls, or manages an entity that: (1) has failed to repay overpayments during a specified period; (2) is suspended, excluded, or terminated from participation in any Medicaid program; or (3) is affiliated with an individual or entity that has been suspended, excluded, or terminated from Medicaid participation. Delays until calendar 2014 the increase from 100% to 133% of the income official poverty line applicable to a family of the size involved of the income level the state is required to establish with respect to a Medicaid group containing children born after September 30, 1983 (or, at state option, after any earlier date), who have attained age 6 but have not attained age 19. Amends the Children's Health Insurance Program Reauthorization Act of 2009 with respect to the requirement that the HHS Secretary calculate or publish any national or state-specific error rate based on the application of the federal payment error rate measurement requirements to CHIP. Declares that the HHS Secretary is not required to calculate or publish a national or a state-specific error rate for FY2009 or FY2010. Revises requirements for CHIP coverage of the children of state employees as targeted low-income children. Revises requirements for calculation of the net average allowable costs of a state in the formula for determination of federal payments to states to encourage the adoption and use of certified electronic health record technology. Revises requirements for applying eligibility criteria under SSA title XVI (Supplemental Security Income) (SSI) for purposes of determining Medicaid eligibility under a state medical assistance plan of an individual who is not receiving SSI. (Sec. 516) Amends the Public Health Service Act to extend the 340B drug discount program (which limits the cost of covered outpatient drugs to certain federal grantees) to inpatient drugs for uninsured patients or those without prescription drug coverage. (Sec. 517) Requires the inclusion of orphan drugs for rare diseases or conditions among covered outpatient drugs under the 340B drug discount program for eligible children's hospitals. (Sec. 518) Provides that waivers of cost-sharing and deductibles for Medicare preventive services apply when those services are furnished at Federally Qualified Health Centers and Rural Health Clinics. (Sec. 519) Amends the IRC to authorize the Secretary of the Treasury to disclose to HHS officers and employees tax return information regarding delinquent tax debt with respect to taxpayers who apply to enroll or reenroll as Medicare service providers or suppliers. Requires the HHS Secretary to take this information into account in determining whether to deny such an application or to apply enhanced oversight to a service provider or supplier who owes such a debt. (Sec. 520) Amends PPACA to apply to elections made after enactment of PPACA the 12-month special enrollment period for Medicare part B (Supplementary Medical Insurance) for disabled Medicare beneficiaries who are also eligible for TRICARE. (Sec. 521) Sets 2.2% as the update to the single conversion factor in the formula for determining physician payment rates for June 1, 2010, through December 31, 2010, and 1% as the update for 2011. (Sec. 522) Directs the HHS Secretary, for services furnished on or after January 1. 2012, to revise the fee schedule areas used for Medicare payment to California using the Metropolitan Statistical Area Geographic Adjustment Factor methodology, according to specified requirements. (Sec. 523) Revises requirements for calculating payments to hospitals for inpatient hospital services with respect to the three-day payment window regarding other services related to an admission which are performed during the three days before an admission. Includes among such services, in addition to diagnostic services (as under current law), all services that are not diagnostic services (other than ambulance and maintenance renal dialysis services) for which Medicare payment may be made that are provided to a patient by a hospital (or an entity wholly owned or operated by the hospital). Prohibits any administrative or judicial review of the determination of whether services provided during the three days before a patient's inpatient admission are related to the admission. Prohibits the HHS Secretary from reopening a claim, adjusting a claim, or making a payment pursuant to any request for Medicare payment (previously bundled claims) submitted by a hospital or an entity wholly owned or operated by the hospital for specified other services related to a patient's inpatient admission for purposes of treating, as unrelated to such admission, services provided during the three days (or, in the case of a hospital that is not a subsection [d] hospital, during the one day) immediately preceding the date of the patient's inpatient admission. (Generally, a subsection [d] hospital is an acute care hospital, particularly one that receives payments under Medicare's inpatient prospective payment system when providing covered inpatient services to eligible beneficiaries.) Title VI: Other Provisions - (Sec. 601) Extends the national flood insurance program from May 31, 2010, through December 31, 2010. (Sec. 602) Allocates in FY2010 funds received from sales, bonuses, royalties, and rentals under the Geothermal Steam Act of 1970 (geothermal receipts) for payments to states (50%) and counties (25%) and as miscellaneous receipts (25%). (Sec. 603) Appropriates additional funds for the Small Business Administration (SBA) Business Loans Program Account, to remain available through December 31, 2010, for small business loan fee reductions and eliminations and for loan guarantees under the American Recovery and Reinvestment Act of 2009. (Sec. 604) Directs the Secretary of Agriculture to: (1) make supplemental direct commodity payments to agricultural producers in a disaster county (an area covered by a qualifying natural disaster declaration for the 2009 crop year); (2) make grants to states to assist eligible specialty crop producers for losses associated with a natural disaster affecting the 2009 crops; (3) provide supplemental assistance to agricultural producers and first-handlers of the 2009 crop of cottonseed in disaster counties; (4) provide grants to states to assist aquaculture producers for losses associated with high feed input costs during 2009; (5) make grants to agriculture producers who had grazing losses in disaster counties in 2009; (6) make payments to an agricultural transportation cooperative in the state of Hawaii to maintain and develop employment; and (7) make emergency no-interest loans to poultry producers. (Sec. 605) Appropriates funds for grants to states for youth activities, including summer employment for youth. (Sec. 606) Appropriates funds for the Housing Trust Fund. (Sec. 607) Individual Indian Money Account Litigation Settlement Act of 2010 - Authorizes, ratifies, and confirms the Class Action Settlement Agreement dated December 7, 2009, in the case entitled Elouise Cobell et al. v. Ken Salazar. Establishes in the Treasury the Trust Land Consolidation Fund and the Indian Education Scholarship Holding Fund to carry out terms of the Settlement Agreement. Amends the IRC to exclude from gross income a lump sum payment or periodic payments received under the Settlement Agreement. Disregards such payments in determining eligibility for benefits under a federally-assisted program. (Sec. 608) Appropriates funds to carry out the terms of the Settlement Agreement dated February 18, 2010, in the cases consolidated in In re Black Farmers Discrimination Litigation, including Pigford claims asserted under the Food, Conservation, and Energy Act of 2008. (Sec. 609) Extends through 2013 eligibility for the concurrent receipt of military retired pay and veterans' disability compensation for veterans who were retired or separated due to physical disability, regardless of their disability rating or years of service. (Sec. 610) Amends the Department of Defense Appropriations Act, 2010, to extend the use of 2009 federal poverty guidelines until updated guidelines are published for 2011. (Sec. 611) Amends the IRC to exclude from any income determination any refund or advance payment with respect to a refundable credit for a period of 12 months from receipt for purposes of determining eligibility for benefits or assistance under any federally-assisted program. Terminates such exclusion for amounts received after December 31, 2010. (Sec. 612) Amends part B (Child and Family Services) of title IV of the SSA to extend through 2011 the federal payments, under the program to assist courts in improving the processing of foster care and adoption cases, to: (1) ensure that the safety, permanence, and well-being needs of children are met in a timely and complete manner; and (2) provide for the training of judges, attorneys and other legal personnel in child welfare cases. (Sec. 613) Authorizes the Secretary of the Interior, acting through the Director of the Bureau of Land Management (BLM), upon a written request from a timber purchaser, to make a one-time modification to the term of the purchaser's qualifying contract by adding three years to the contract expiration date if the request: (1) is received within 90 days after the enactment of this Act; and (2) contains a provision releasing the United States from all liability, including further consideration or compensation, as a result of the modification made to the contract. Defines "qualifying contract" as a contract that was awarded during the period beginning on January 1, 2005, and ending on December 31, 2008, that has not been terminated by BLM for the sale of timber from BLM lands for which there is unharvested volume remaining, for which the contract is not a salvage sale, and for which there is not an urgent need to harvest because of deteriorating timber conditions that developed after the contract was awarded. Requires the Secretary of the Interior to submit to Congress a report on a plan and timeline for the promulgation of new regulations authorizing BLM to extend timber contracts because of changes in market conditions. Bars this provision from having the effect of surrendering any claim by the United States against any timber purchaser arising under a timber sale contract, including a qualifying contract, before the date on which the contract's term is adjusted. (Sec. 614) Amends the Surface Transportation Extension Act of 2010 to modify the extension of certain allocations of transportation program funds to states under the Act. Revises such allocations for FY2010-FY2011 to direct funds to specific programs under the equity bonus program (except the high priority projects program), including: (1) the Interstate maintenance program; (2) the national highway system program; (3) the highway bridge program; (4) the surface transportation program; (5) the highway safety improvement program; (6) the congestion mitigation and air quality improvement program; (7) the metropolitan planning program; (8) the equity bonus program; (9) the Appalachian development highway system program; (10) the recreational trails program; (11) the safe routes to school program; (12) the rail-highway grade crossing program; and (13) the coordinated border infrastructure program. Requires the Secretary of Transportation to apportion authorized appropriations (out of the Highway Trust Fund, other than the Mass Transit Account) among all states for FY2010 and for the period from October 1, 2010, through December 31, 2010, for the projects of the national and regional significance program and the national corridor infrastructure improvement program so that each state's apportionment is equal to its FY2009 share of funds apportioned or allocated for such programs. (Sec. 615) Amends the Trade Act of 1974 to expand the trade adjustment assistance grant program for community college and career training to include individuals who are, or are likely to become, eligible for unemployment compensation or who remain unemployed after exhausting their unemployment benefits. Restricts eligibility for program grants to nonprofit educational institutions. Authorizes the Secretary of Labor to spend up to 5% of program funds to administer, evaluate, and establish reporting systems for the Community College and Career Training Grant program. (Sec. 616) Amends the Harmonized Tariff Schedule of the United States to extend until December 31, 2013, the temporary duty suspensions on certain cotton shirting fabrics. Amends the Tax Relief and Health Care Act of 2006 to require the Secretary of the Treasury to transfer from the Treasury to the Pima Cotton Trust Fund amounts equal to the duties received in the Treasury from certain imported woven fabrics of cotton since January 1, 2004. Extends the authority of the Secretary of the Treasury to make transfers to the Trust Fund for certain annual distributions (duty refunds) to U.S. manufacturers who certify by affidavit to have used such imported cotton in the manufacture of cotton shirts. Requires annual affidavits from shirting manufacturers and from yarn spinners. (Sec. 617) Requires the Secretary of the Treasury to transfer to the Wool Apparel Manufacturers Trust Fund from the general fund of the Treasury amounts received in the general fund attributable to duty received on articles classified under Chapter 62 of the Harmonized Tariff Schedule of the United States (apparel and clothing accessories, not knitted or crocheted), subject to specified limitations. (Sec. 618) Directs the Secretary of Commerce to report to Congress not later than 180 days after the enactment of this Act on: (1) the pattern of job loss in the New England, Mid-Atlantic, and Midwest states over the past 20 years; (2) the role of off-shoring of manufacturing jobs in the overall job loss in such regions; and (3) recommendations to attract industries and bring jobs to the region. (Sec. 619) Amends the American Recovery and Reinvestment Act of 2009 to require any agency that distributes recovery funds to report to Congress and make available on its website by July 1, 2010, a description of the goals and other information and performance measures for each program: (1) for which funds are appropriated in an amount that exceeds $2 billion and 150% of the funds appropriated for the program for FY2008; and (2) which did not exist before the enactment of this Act. Requires such agencies to publish quarterly reports on such programs. Terminates reporting requirements on September 30, 2013. Authorizes the Attorney General to bring a civil action to impose monetary penalties against recipients of funds from such a program who fail to provide required information or who provide information that contains a material omission or misstatement. Title VII: Budgetary Provisions - (Sec. 701) Requires the budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, to be determined by reference to the latest statement titled "Budgetary Effects of PAYGO Legislation" for this Act submitted by the Chairmen of the House and Senate Budget Committees, provided such statement has been submitted prior to the vote in the House acting first on passage. Designates sections 501 (extension of unemployment insurance provisions), 511 (extension of reclassifications of hospitals with a low area wage index for Medicare reimbursement purposes), and 516 (addition of inpatient drug discount program to 340B drug discount program) of this Act as an emergency requirement, thus exempting such provisions from the pay-as-you-go requirement of budget neutrality.

American Workers, State, and Business Relief Act of 2010 - Title I: Extension of Expiring Provisions - Subtitle A: Energy - (Sec. 101) Amends the Internal Revenue Code to extend through 2010: (1) the alternative motor vehicle tax credit for hybrid vehicles that are medium and heavy trucks; (2) tax credits for biodiesel and renewable diesel used as fuel; (3) tax credits for producing electricity from open-loop biomass facilities and from refined coal facilities; (4) tax credits for the production of low sulfur diesel fuel and the production of fuel from coke or coke gas; (5) the tax credit for new energy efficient home expenditures; (6) excise tax credits and payments for alternative fuels; (7) tax deferral rules for sales or dispositions by a qualified electric utility; and (8) the suspension of the taxable income limitation on percentage depletion for oil and gas from marginal wells. Subtitle B: Individual Tax Relief - Part I: Miscellaneous Provisions - (Sec. 111) Extends through 2010: (1) the tax deduction for certain expenses of elementary and secondary school teachers; (2) the additional standard tax deduction for state and local real property taxes; (3) the tax deduction for state and local sales taxes in lieu of state and local income taxes; (4) the tax deduction for contributions of capital gains property made for conservation purposes; (5) the tax deduction for qualified tuition and related expenses; (6) tax-free distributions from individual retirement accounts (IRAs) for charitable purposes; and (7) the special rule for regulated investment company (RIC) stock held in the estate of a nonresident non-citizen. Part II: Low-income Housing Credits - (Sec. 121)Allows state housing credit agencies a refundable low-income housing tax credit for financing low-income buildings. Subtitle C: Business Tax Relief - (Sec. 131) Extends through 2010: (1) the tax credit for increasing research activities; (2) the tax credit for employment of members of Indian tribes; (3) the new markets tax credit; (4) the tax credit for railroad track maintenance expenditures; (5) the tax credit for mine rescue team training expenses; (6) the tax credit for differential wage payments for employees who are active duty members of the Uniformed Services; (7) accelerated depreciation for farming business machinery and equipment, qualified leasehold improvements, qualified restaurant buildings and improvements, qualified retail improvements, motorsports entertainment complexes, and business property on Indian reservations; (8) the charitable tax deduction for contributions of food and book inventories by certain noncorporate taxpayers; (9) the charitable tax deduction for corporate contributions of computer technology and equipment for educational purposes; (10) the election to expense mine safety equipment and special expensing rules for certain film and television productions; (11) expensing of environmental remediation expenditures; (12) the tax deduction for income attributable to domestic production activities in Puerto Rico; (13) tax rules for payments to controlling exempt organizations; (14) the exclusion of gain or loss from the sale or exchange of certain brownfield sites from the unrelated business income of tax-exempt organizations; (15) the reduction in the rate of tax on the net timber gain of corporations and rules for the treatment of a timber real estate investment trust (REIT); (16) tax rules relating to regulated investment company (RIC) dividends and the treatment of RICs as qualified investment entities; (17) the subpart F exemption (which excludes such income from the shareholder's foreign personal holding company income) for active financing (insurance, banking, financing, or similar businesses) income earned on business operations overseas; (18) rules for adjusting the basis of stock of S corporations making charitable contributions of property; (19) tax incentives for investment in empowerment zones and renewal communities, the District of Columbia, and American Samoa; and (20) the increase in the limitation on the amount of distilled spirits tax covered (paid over) into the treasuries of Puerto Rico and the Virgin Islands. Subtitle D: Temporary Disaster Relief Provisions - Part I: National Disaster Relief - (Sec. 171) Extends through 2010: (1) waiver of certain mortgage revenue bond requirements for refinancing residences damaged or destroyed in a disaster area; (2) the tax deduction for personal casualty losses attributable to federally-declared disasters; (3) expensing of qualified disaster expenses and accelerated depreciation of qualified disaster property; and (4) the five-year extended carryover period for net operating losses incurred in a disaster area. Part II: Regional Provisions - Subpart A: New York Liberty Zone - (Sec. 181) Extends through 2010: (1) the additional 30% depreciation allowance for nonresidential and residential real property in the New York Liberty Zone; and (2) authority to issue New York Liberty Zone bonds. Subpart B: Go Zone - (Sec. 183) Revises rules to enhance the adjusted basis of nonresidential real and residential rental property located in the Gulf Opportunity (GO) Zone for depreciation purposes. (Sec. 184) Extends through 2010 the increase in the rehabilitation tax credit for a certified historic structure or qualified rehabilitated building located in the GO Zone. (Sec. 185) Extends until August 28, 2010, the work opportunity credit for employing Hurricane Katrina employees. Subpart C: Midwestern Disaster Areas - (Sec. 191) Extends through 2010 provisions of the Heartland Disaster Tax Relief Act of 2008 allowing residents of the Midwestern disaster area to: (1) use amounts from tax-exempt retirement accounts without penalty to purchase a new principal residence or repair an existing one; (2) recontribute amounts withdrawn for such purposes to such accounts; and (3) exclude from gross income income resulting from a cancellation of mortgage indebtedness incurred in such disaster area. Title II: Unemployment Insurance, Health, and Other Provisions - Subtitle A: Unemployment Insurance - (Sec. 201) Amends the Supplemental Appropriations Act, 2008 with respect to the state-established individual emergency unemployment compensation account (EUCA). Extends the final date for entering a federal-state agreement under the Emergency Unemployment Compensation (EUC) program through December 31, 2010. Postpones the termination of the program until May 31, 2011. Amends the Assistance for Unemployed Workers and Struggling Families Act to extend until: (1) December 31, 2010, federal-state agreements increasing regular unemployment compensation payments to individuals; and (2) January 1, 2011, requirements that federal payments to states cover 100% of EUC. Amends the Unemployment Compensation Extension Act of 2008 to exempt weeks of unemployment between enactment of this Act and May 31, 2011, from the prohibition in the Federal-State Extended Unemployment Compensation Act of 1970 against federal matching payments to a state for the first week in an individual's eligibility period for which extended compensation or sharable regular compensation is paid if the state law provides for payment of regular compensation to an individual for his or her first week of otherwise compensable unemployment. (Thus allows temporary federal matching for the first week of extended benefits for states with no waiting period.) Subtitle B: Health Provisions - (Sec. 211) Amends the American Recovery and Reinvestment Act of 200 (ARRA), as amended by the Temporary Extension Act of 2010, to extend through December 31, 2010, premium assistance for COBRA coverage (health insurance continuation benefits under the Consolidated Omnibus Budget Reconciliation Act of 1985) for eligible individuals and their families. Sets forth rules related to the extension, including authorization for an individual to elect to pay COBRA premiums retroactively and maintain such coverage. (Sec. 212) Extends through December 31, 2010, the process allowing exceptions to the Medicare limitations on medically necessary therapy caps. (Sec. 213) Postpones from January 1, 2010, until January 1, 2011, the earliest date by which the Secretary of Health and Human Services (HHS), in implementing quality standards for suppliers of items and services, including certain durable medical equipment (DME), shall require pharmacies to obtain accreditation. Exempts from the accreditation requirement any pharmacy meeting certain requirements: (1) whose total billings for such items and services are less than 5% of total pharmacy sales for a recent period specified by the Secretary; (2) that has been enrolled as a supplier of DME, prosthetics, orthotics, and supplies; (3) has been issued a provider number for at least two years; and (4) for which a final adverse action has not been imposed in the past two years. Authorizes the Secretary to apply alternative quality standards and accreditation requirements to pharmacies, if appropriate. (Sec. 214) Amends the Medicare Improvements for Patients and Providers Act of 2008 (MIPPA) to extend through December 31, 2010, increased payment for mental health services. (Sec. 215) Amends title XVIII (Medicare) of the Social Security Act (SSA) and MIPPA to extend through December 31, 2010, the temporary increase in payment rates for ground ambulance and certain rural area air ambulance services. Extends through December 31, 2010, the percent increase that was applicable to ground ambulance services furnished during 2009 for ambulance services furnished in low population density rural (super rural) areas. (Sec. 216) Extends through December 31, 2010, the 1.0 floor in the work geographic index component in the physician fee schedule. (Sec. 217) Amends the Medicare, Medicaid, and SCHIP Benefits Improvement and Protection Act of 2000 to extend through December 31, 2010, the period for payment for the technical component of certain physician pathology services. (Sec. 218) Extends through December 31, 2010, the outpatient hold harmless provision with respect to certain rural hospitals. Permits all sole community hospitals to be eligible for hold harmless. (Sec. 219) Amends SSA titles XVIII (Medicare) and XIX (Medicaid) with respect to the prohibition against incentive payments to hospital-based eligible professionals for use of certified electronic health record (EHR) technology. Redefines "hospital-based eligible professional" to repeal its application to outpatient settings, thereby permitting incentive payments to an eligible professional who furnishes services in an outpatient clinic. (Sec. 220) Extends through calendar 2010 reimbursement for all Medicare part B (Supplementary Medical Insurance) services furnished by certain Indian hospitals and clinics. (Sec. 221) Amends the Medicare, Medicaid, and SCHIP Extension Act of 2007 to extend: (1) certain payment rules for long-term care (LTC) hospital services; and (2) the moratorium on the establishment of certain LTC hospitals, LTC satellite facilities, and on the increase of LTC hospital beds in existing LTC hospitals or satellite facilities. (Sec. 222) Amends SSA title XVIII to extend the Medicare rural hospital flexibility program through FY2011. (Sec. 223) Amends the Tax Relief and Health Care Act of 2006, as amended by other federal law, to extend through FY2010 section 508 hospital reclassifications. (Sec. 224) Amends SSA title XVIII to make the facility fee a critical access hospital may charge under Medicare for outpatient critical access hospital services, including ambulance services, 101% of its reasonable costs in providing them. (Sec. 225) Extends through December 31, 2011, the authority to restrict enrollment in specialized Medicare Advantage (MA) plans for special needs individuals. (Sec. 226) Amends SSA title XVIII to extend certain reasonable cost reimbursement contracts through December 31, 2010. (Sec. 227) Declares that, for plan year 2011 and subsequent plan years, to the extent that the Secretary is applying the 2008 service area extension waiver policy to Medicare Advantage coordinated care plans, the Secretary shall also extend the appllication of such waiver policy to employers who contract directly with the Secretary as a Medicare Advantage private fee-for-service plan that had enrollment as of January 1, 2010. (Sec. 228) Directs the Secretary to continue to conduct though December 31, 2011, the Erickson Advantage Continuing Care Retirement Community (CCRC) program. (Sec. 229) Amends MIPPA to provide additional funding for FY2010 to the Centers for Medicare & Medicaid Services Program Management Account for state health insurance programs. Makes additional appropriations for FY2010 to the HHS Administration on Aging for: (1) area agencies on aging; (2) aging and disability resource centers; and (3) the contract with the National Center for Benefits and Outreach Enrollment. (Sec. 230) Amends SSA title V (Maternal and Child Health Services Block Grant) to make appropriations to the Secretary for FY2010 and FY2011 for special projects of regional and national significance for the development and support of family-to-family health information centers. (Sec. 231) Makes appropriations to the Secretary for the Centers for Medicare & Medicaid Services Program Management Account for carrying out this Act with respect to Medicare and Medicaid. (Sec. 232) Amends ARRA to extend through December 31, 2010, the increase in the Medicaid federal medical assistance percentage (FMAP). (Sec. 233) Amends the Deficit Reduction Act of 2005 to extend the Medicare gainsharing arrangements demonstration program for 21 months after enactment of this Act, and make appropriations for it for FY2010. Subtitle C: Other Provisions - (Sec. 241) Amends the Department of Defense Appropriations Act, 2010 to extend the use of 2009 poverty guidelines until updated guidelines for 2011 are published. (Sec. 242) Disregards refunds (or advance refundable credit payments) received after December 31, 2009, in the determination of eligibility for federal programs and federally assisted programs through December 31, 2010. (Sec. 243) Amends part B (Child and Family Services) of title IV of the Social Security Act to extend appropriations for state court improvement grants for data collection and training regarding foster care and adoption proceedings through FY2011. (Sec. 244) Amends the Continuing Appropriations Resolution, 2010, as amended by the Department of Defense Appropriations Act, 2010, to extend the national flood insurance program through December 31, 2010. Deems such provision to have taken effect on February 28, 2010. (Sec. 245) Directs the Secretary of Agriculture to make supplemental payments to eligible producers on farms in disaster counties that had at least one crop of economic significance (other than fruits and vegetables or crops intended for grazing) suffer at least a 5% crop loss due to a natural disaster, including quality losses in an amount equal to 90% of the direct payment the eligible producers received for the 2009 crop year. Makes supplemental payments available at specified rates to eligible producers that received average crop revenue election (ACRE) payments for crop year 2009. Directs the Secretary to use specified CCC funds for: (1) state grants through September 30, 2011, to specialty crop producers for 2009 losses due to a natural disaster, with obligations for producers in disaster counties affected by drought or excessive rainfall; (2) supplemental assistance to eligible producers and first-handlers of the 2009 crop of cottonseed in disaster counties; (3) state grants through September 30, 2011, to eligible aquaculture producers for 2009 losses associated with high feed costs; (4) a payment to an agricultural transportation cooperative in Hawaii whose members are eligible to participate in the Farm Service Agency commodity loan program for employment development assistance; (5) payments to eligible producers that had 2009 grazing losses in disaster counties; and (6) no-interest emergency loans available to qualifying poultry producers. Makes: (1) specialty crop assistance recipients ineligible for supplemental direct payments; and (2) aquaculture assistance recipients ineligible for supplemental agricultural disaster assistance under the Federal Crop Insurance Act and the Trade Act of 1974 for losses to the same aquaculture species in 2009. (Sec. 246) Appropriates funds through December 31, 2010, for specified small business guaranteed loan fee reductions and eliminations. Amends the American Recovery and Reinvestment Act of 2009 to extend through December 30, 2010, certain small business guaranteed loan lending and fee reduction authorities. Makes the lending authority extension effective as of February 27, 2010. Title III : Pension Funding Relief - Subtitle A: Single Employer Plans - (Sec. 301) Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (IRC) with respect to the shortfall amortization charge in the formula for determining the minimum required contribution for any plan year of a single-employer defined benefit plan in which the value of plan assets is less than the plan's funding target for the plan year. (The shortfall amortization charge for a plan for any plan year is the aggregate total of the shortfall amortization installments in amortizing unfunded liabilities for such plan year with respect to the shortfall amortization bases for the plan year and each of the six preceding plan years. Shortfall amortization installments are the amounts necessary to amortize the shortfall amortization base of the plan for any plan year in level annual installments over the seven-plan-year period beginning with such plan year.) Allows a sponsor of a single-employer defined benefit pension plan to elect in any two plan years 2008-2011 extended amortization periods (of 9 or 15 years instead of the usual 7 years). Requires an increase in alternate required shortfall amortization installments by an installment acceleration amount, during a specified restriction period (beginning after December 31, 2009), in cases of excess compensation or extraordinary dividends or stock redemptions, as determined according to specified formulae. Defines installment acceleration amount as the sum of the aggregate amount of excess employee compensation (over $1 million) for a plan year after February 28, 2010, plus the aggregate amount of extraordinary dividends and stock redemptions for such plan year. (Sec. 302) Amends the Pension Protection Act of 2006 (PPA 2006) to allow sponsors of certain eligible cooperative pension plans, Pension Benefit Guaranty Corporation (PBGC) settlement plans, and government contractor cooperative plans or eligible charity plans with delayed effective dates to elect, in certain plan years 2008-2011, to apply specified pre-PPA 2006 minimum funding rules with respect to unfunded new liabilities (under 90% funded) for either: (1) a two-year lookback for determining deficit reduction contributions for certain plans with 9-year extended amortization periods; or (2) a new applicable percentage in the determination of a 15-year extended amortization period. (Sec. 303) Revises the formula for determining the adjusted funding target attainment percentage of single-employer benefit plans for plan years between October 1, 2008, and October 1, 2010 (FY2009 and FY2010), to make a special FY2007 plan year lookback rule with respect to determining when an unpredictable contingent event benefit may not be paid. (Sec. 304) Revises requirements for the reduction of the minimum required contribution (by elected credits for a prefunding balance and a funding standard carryover balance) to a single-employer defined benefit pension plan maintained by a charity (charity benefit plan). Prescribes a special lookback for credit balance rule limiting such a reduction of the minimum required contribution for charity benefit plans that are less than 80% funded for plan years beginning after August 31, 2009, and before September 1, 2011. Subtitle B: Multiemployer Plans - (Sec. 311) Amends ERISA and IRC relating to minimum funding standards for multiemployer pension plans. Makes a special relief rule to allow such plans to elect alternative amortization plans and valuation methods for amortization of net investment losses incurred in either or both of the first two plan years ending after August 31, 2008, with a specified expanded smoothing period in asset valuation methods. Requires plan sponsors to give notice of such an election to: (1) participants and beneficiaries of the plan; and (2) the PBGC. Title IV: Offset Provisions - Subtitle A: Black Liquor - (Sec. 401) Amends the Internal Revenue Code to exclude from the definition of "cellulosic biofuel" for purposes of the cellulosic biofuel producer tax credit any fuel if: (1) more than 4% of such fuel is any combination of water and sediment; or (2) the ash content of such fuel is more than 1%. Excludes from the credit for alcohol fuel, biodiesel, and alternative fuel any fuel (including lignin, wood residues, or spent pulping liquors) derived from the production of paper or pulp. Subtitle B: Homebuyer Credit - (Sec. 411) Expands documentation requirements for the first-time homebuyer tax credit to require taxpayers to attach property tax bills, contracts, and other documentation to their tax returns when claiming such credit. Subtitle C: Economic Substance - (Sec. 421) Sets forth rules and definitions for the application of the economic substance doctrine to transactions affecting tax liability. Deems a transaction as having economic substance only if: (1) the transaction changes in a meaningful way (apart from federal income tax effects) the taxpayer's economic position; and (2) the taxpayer has a substantial purpose for entering into such transaction. Requires the Secretary of the Treasury to prescribe regulations on economic substance. Imposes increased penalties for underpayments of tax resulting from transactions lacking economic substance. Subtitle D: Additional Provisions - (Sec. 431) Amends title XVIII (Medicare) of the Social Security Act to reduce the funding level for the Medical Improvement Fund in FY2014. Title V: Satellite Television Extension - Subtitle A: Statutory Licenses - Satellite Television Extension and Localism Act of 2010 - (Sec. 502) Requires a satellite carrier whose secondary transmissions are subject to statutory licensing to deposit a filing fee semiannually with the Register of Copyrights. Revises requirements regarding the royalty fee a satellite carrier making secondary transmissions is required to make semiannually. Applies various existing provisions to digital transmissions by removing the word "analog." Modifies requirements regarding the setting of the statutory licensing fee. Shifts certain tasks from the Librarian of Congress to the Copyright Royalty Judges. Extends through December 31, 2014, the earliest date through which voluntary royalty agreements remain in effect. (Current law makes April 30, 2010, the earliest date.) Revises requirements regarding the establishment of royalty fees for secondary transmissions of network and non-network stations. Redesignates superstations as non-network stations. Removes provisions requiring statutory licenses for secondary transmissions of significantly viewed signals. Requires that a specified predictive model be used to determine presumptively whether a person resides in an unserved household with respect to digital signals. Revises requirements regarding local-into-local satellite retransmissions. Increases the maximum statutory damages for violation of territorial restrictions: (1) for willful or repeated individual violations, from $5 to $250 per month for each subscriber to whom the secondary transmission was inappropriately sent; and (2) for a willful or repeated pattern of violations, from $250,000 to $2.5 million for each 3-month period. Requires that one-half of any statutory damages for a willful or repeated pattern of violations be deposited with the Register of Copyrights for distribution to copyright owners whose works were included in the secondary transmissions that were the subject of the damages. Extends through December 31, 2014 the copyright liability moratorium allowing a subscriber who does not receive a signal of Grade A intensity of a local network broadcast station to receive signals of network stations affiliated with the same network, if that subscriber had satellite service terminated after July 11, 1998, and before October 31, 1999, or received such service on October 31, 1999. (Sec. 503) Requires statutory licenses for secondary transmissions into a station's local market relating to significantly viewed stations or low power programming. Revises requirements regarding reports satellite carriers must submit to network stations. Sets forth special secondary transmission licensing provisions with respect to: (1) states with a single full-power network station; (2) states with all network stations and non-network stations in the same local market; (3) specified other stations; and (4) networks of noncommercial educational broadcast stations. Increases the maximum statutory damages for violation of territorial restrictions: (1) for willful or repeated individual violations, from $5 to $250 per month for each subscriber to whom the secondary transmission was inappropriately sent; and (2) for of a willful or repeated pattern of violations, from $250,000 to $2.5 million for each 6-month period. (Sec. 504) Modifies requirements regarding the calculation of secondary transmission statutory license semiannual deposits cable systems must make with the Register of Copyrights. Modifies various definitions, including defining certain terms to include references to primary streams and multicast streams. (Sec. 505) Requires, when an injunction that was imposed on a carrier before enactment of this Act because of a willful or repeated pattern or practice of delivering a primary transmission to subscribers who are not eligible to receive the transmission, waiver of the injunction if the carrier is providing local-into-local service to all DMAs and the Federal Communications Commission (FCC) certifies that: (1) the carrier's beams are designed and predicted to provide a good quality signal to at least 90% of households; and (2) there is no material evidence that there has been a satellite or subsystem failure after the satellite's launch that precludes providing a good signal to at least that percentage. Requires the Comptroller General to report to the court issuing the injunction, the Register of Copyrights, and Congress on the qualified carrier's compliance with the royalty payment and household eligibility requirements. Requires an entity recognized as a qualified carrier to continue to provide local-into-local service to all DMAs. Imposes penalties for violations. Declares that an entity provides local-into-local service to all DMAs if the entity provides local service in all DMAs with a good quality satellite signal to at least 90% of the households in a DMA. (Sec. 506) Requires a Copyright Office fee to be paid upon filing a statement of account based on certain secondary transmissions of primary transmissions. (Sec. 507) Ends, on December 31, 2014, the effectiveness of provisions relating to limitations on exclusive rights regarding secondary transmissions of distant television programming by satellite. Subtitle B: Communications Provisions - (Sec. 522) Amends the Communications Act of 1934 to extend to: (1) December 31, 2014, the termination of provisions allowing satellite retransmission of network station signals (without the station's consent) to a subscriber who is located outside of the local market of the station and resides in an unserved household; and (2) January 1, 2015, the termination of provisions prohibiting a television broadcast station that provides retransmission consent from engaging in exclusive contracts for carriage or failing to negotiate in good faith, and the termination of provisions prohibiting a multichannel video programming distributor from failing to negotiate in good faith for retransmission consent. (Sec. 523) Allows a satellite carrier to retransmit a significantly viewed signal of a station located outside of the local market in which a subscriber is located, but: (1) only for subscribers receiving local-into-local (currently, analog local-into-local) service; or (2) regarding high definition (HD) signals, only if the carrier also retransmits available HD signals of a station in the local market of the subscriber and affiliated with the same network. (Sec. 524) Allows a carrier to retransmit HD signals to a reception antenna separate from the one for non-HD signals. Revises the rules regarding: (1) the reception of distant signals by certain grandfathered and nongrandfathered subscribers; (2) models for predicting the reception level; and (3) on-location testing of reception levels. (Sec. 526) Establishes a process for the FCC to issue a certification for purposes of provisions relating to recognition of carriers as qualified for statutory licensing of local-into-local satellite service. (Sec. 527) Requires each eligible satellite carrier providing any local-into-local HD secondary transmissions before enactment of this Act to carry the HD signals of qualified noncommercial educational television stations in that local market according to a specified time schedule. Defines "eligible satellite carrier" as any satellite carrier that is not a party to a carriage contract that: (1) governs carriage of at least 30 qualified noncommercial educational television stations; and (2) is in force and effect within 60 days after enactment. (Sec. 529) Directs the FCC to require as a condition of any provision, initial authorization, or authorization renewal that a provider of direct broadcast satellite service providing video programming, or a qualified satellite provider providing such programming, reserve a specified portion of its channel capacity for noncommercial programming of an educational or informational nature. Subtitle C: Reports and Savings Provision - (Sec. 532) Requires the Register of Copyrights to report to Congress on phasing out the statutory licensing requirements in specified provisions by making those provisions inapplicable to the secondary transmission of a primary transmission of a broadcast station that is authorized to license the secondary transmission. (Sec. 533) Requires the Comptroller General to study and report to Congress on the changes to the carriage requirements currently imposed on multichannel video programming distributors under the Communications Act of 1934 and FCC regulations that would be required by or beneficial to consumers if Congress implemented such a phase-out. (Sec. 534) Requires the FCC to report to Congress on: (1) the number of households in a state that receive local broadcast stations from a station located in a different state; (2) the extent to which consumers have access to in-state broadcast programming; and (3) whether there are alternatives to the use of DMAs to define local markets that would provide more consumers with in-state broadcast programming. (Sec. 535) Requires satellite carriers to report (for five years) to the FCC regarding local market retransmissions. Requires an FCC study and report concerning incentives that would induce a satellite carrier to provide television in certain local markets in which the carrier does not provide service. (Sec. 536) Prohibits anything: (1) in specified federal law or agency regulations from being construed to prevent a multichannel video programming distributor from retransmitting a performance or display of a work pursuant to an authorization granted by the copyright owner or, if within the scope of its authorization, its licensee; and (2) in clause (1) of this section from being construed to affect any obligation of a multichannel video programming distributor to obtain the authority of a television broadcast station before retransmitting that station's signal. (Sec. 537) States that: (1) unless provided otherwise this title shall take effect on February 27, 2010; and (2) the secondary transmission of a performance or display of a work embodied in a primary transmission is not an infringement of copyright if it was made by a satellite carrier on or after February 27, 2010, and prior to enactment of this Act, and was in compliance with the law as in existence on February 27, 2010. Subtitle D: Severability - Requires that if any portion of this title is held unconstitutional, the remainder of this title remain in effect. Title VI: Other Provisions - (Sec. 601) Amends title XVIII (Medicare) of the Social Security Act to extend until September 30, 2010, the zero percent update to the Medicare Physician Fee Schedule. (Sec. 602) Amends the Internal Revenue Code to: (1) allow corporations an election to increase the alternative minimum tax (AMT) liability limitation in 2010 by a specified AMT credit adjustment amount; (2) treat persons receiving rental income from real estate as engaged in a trade or business for tax reporting purposes; (3) extend through 2012 the period for allocating low-income housing credit allocations for buildings in Gulf Opportunity (GO) Zones; (4) increase tax penalties for failure to file correct information returns and for intentional disregard of reporting requirements; (5) extend through 2011 the period for issuing GO Zone bonds; (6) expand the continuous levy on payments to vendors for goods and services to include payment for all property, goods, or services; (7) allow a state housing credit agency a refundable credit to finance low-income buildings; (8) allow rollovers from elective deferral plans maintained by a state or local government into Roth individual retirement accounts; (9) modify the qualification standard for exterior windows (including skylights) and exterior doors for purposes of the tax credit for nonbusiness energy property to require such standard to meet criteria established by the 2010 Energy Star Program; (10) extend through 2010 the additional first-year depreciation deduction for qualified recovery assistance property that is nonresidential real property or residential rental property; and (11) extend the penalty for tendering a bad check to the Internal Revenue Service (IRS) to any commercially acceptable payment instrument (including electronic payments). (Sec. 615) Allows direct payments to taxpayers for the purchase of energy efficient appliances in lieu of the tax credit for such appliances. (Sec. 616) Directs the Secretary of the Senate to: (1) establish on the Senate website a page entitled "Information on the Budgetary Effects of Legislation Considered by the Senate" and update such page every three months; and (2) post on the front page of such website the total amount of discretionary and direct spending passed by the Senate that has not been paid for, including emergency-designated spending exempt from PAYGO requirements, the total amount of net spending authorized in legislation passed by the Senate, as scored by the Congressional Budget Office (CBO), and the total number of new government programs created by Senate legislation. (Sec. 618) Allocates receipts from sales, bonuses, royalties, and rentals under the Geothermal Steam Act of 1970 in FY2010. (Sec. 619) Defines "qualifying contract" as a contract, awarded between January 1, 2005, and December 31, 2008, for the sale of timber from lands administered by the Bureau of Land Management (BLM) if: (1) there is unharvested volume remaining; (2) the contract is not a salvage sale; and (3) the Secretary of the Interior has determined there is not an urgent need to harvest under the contract due to deteriorating timber conditions. Authorizes the Secretary, upon the request of a timber purchaser received not later than 90 days after the enactment of this Act, to make a one-time modification to a qualifying contract to add three years to its expiration date. Requires the Secretary to: (1) report to Congress within six months after the enactment of this Act on a plan and timeline to promulgate new regulations authorizing BLM to extend timber contracts due to changes in market conditions; and (2) promulgate such regulations within two years after the enactment of this Act. Declares that this Act shall not have the effect of surrendering any claim by the United States against any timber purchaser that arose under a timber sale contract before the date on which its expiration date was extended. (Sec. 620) Amends the American Recovery and Reinvestment Act of 2009 (ARRA) to set forth planning and reporting requirements for federal agencies that administer ARRA recovery programs involving more than $2 billion that did not exist before the enactment of such Act. Terminates such reporting requirements on September 30, 2013. (Sec. 621) Requires the Comptroller General to report to Congress within 180 days after the enactment of this Act, on the pattern of job loss in the New England and Midwest states over the past 20 years, the role of the off-shoring of manufacturing jobs in such job loss, and recommendations to attract industries and create jobs in such regions. (Sec. 622) Amends Internal Revenue Code provisions relating to the tax credit for the production of electricity from renewable resources to: (1) extend permanently the credit period for the production of steel industry fuel; (2) extend through 2011 the placed-in-service date requirement for refined coal production facilities; (3) revise the definition of "steel industry fuel" to allow mixtures of petroleum coke or other coke feedstock in such fuel; and (4) set forth ownership requirements for coal production facilities for purposes of such tax credit. (Sec. 623) Allows an offset against the AMT for amounts attributable to the mine rescue team training tax credit and expensing of advanced mine safety equipment. (Sec. 624) Expands the continuous levy to cover delinquent employment tax liabilities of federal contractors. Title VII: Determination of Budgetary Effects - Requires a determination of the budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010. Designates Sections 201 (extension of unemployment insurance provisions), 211 (extension of premium assistance for COBRA benefits), and 232 (extension of increases in the Federal Medical Assistance Percentages [FMAP]) of this Act as an emergency requirement, thus exempting such provisions from the pay-as-you-go requirement of budget neutrality.

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Tax Extenders Act of 2009 - Title I: General Provisions - Subtitle A: Individual Tax Relief - (Sec. 101) Amends the Internal Revenue Code to extend through 2010: (1) the taxpayer election to deduct state and local general sales taxes in lieu of state and local income taxes; (2) the standard tax deduction for state and local real property taxes; (3) the tax deduction from gross income for qualified tuition and related expenses; and (4) the tax deduction from gross income for certain expenses of elementary and secondary school teachers. Subtitle B: Business Tax Relief - (Sec. 111) Extends through 2010: (1) the tax credit for increasing research activities; (2) the subpart F income exemption for income derived in the active conduct of a banking, financing, or insurance business; (3) the special tax rule for payments between related controlled foreign corporations; (4) accelerated depreciation for qualified leasehold, restaurant, and retail property, for motorsports entertainment complexes, and for farming business machinery and equipment; (5) the tax credit for railroad track maintenance expenditures; (6) the enhanced expensing allowance for certain film and television production costs; (7) expensing of environmental remediation costs; (8) the tax credit for mine rescue team training expenses; (9) the taxpayer election to expense advanced mine safety equipment expenditures; (10) the tax credit for differential wage payments to employees who are active duty members of the Uniformed Services; (11) tax rules relating to regulated investment company (RIC) dividends; (12) the special rule for RIC stock held in the estate of a nonresident non-citizen; (13) the tax treatment of RICs as qualified investment entities; and (14) the suspension of the taxable income limitation on percentage depletion for oil and natural gas produced from marginal properties. Subtitle C: Charitable Provisions - (Sec. 131) Extends through 2010: (1) the tax deduction for charitable contributions of capital gain real property by individual taxpayers and certain corporate farmers and ranchers for conservation purposes; (2) the enhanced tax deduction for charitable contributions of food inventory and book inventories to public schools and for corporate contributions of computer technology and equipment for educational purposes; (3) penalty-free distributions from individual retirement accounts (IRAs) for charitable purposes; and (4) special tax rules for payments to controlling exempt organizations, exclusion of gain or loss from unrelated business taxable income from the sale or exchange of certain brownfield sites, and basis adjustment to stock of S corporations making charitable contributions. Subtitle D: Miscellaneous Provisions - (Sec. 141) Extends through 2010: (1) the tax credit for employment of members of Indian tribes; (2) accelerated depreciation of property used for business purposes on an Indian reservation; (3) the tax deduction for income attributable to domestic production activities in Puerto Rico; (4) the limitation on the amount of distilled spirits tax covered (paid over) into the treasuries of Puerto Rico and the Virgin Islands; and (5) the tax credit for American Samoan economic development expenditures. Title II: Community Assistance Provisions - (Sec. 201) Extends through 2010 certain provisions relating to community development and assistance, including: (1) tax incentives in empowerment zones and renewal communities; (2) the new markets tax credit; (3) tax incentives for investment in the District of Columbia, the New York Liberty Zone, the Gulf Opportunity Zone, and low-income housing. Title III: Disaster Relief Provisions - (Sec. 301) Extends through 2010 tax-related disaster relief provisions, including: (1) the tax deduction for personal casualty losses attributable to federally-declared disasters; (2) the expensing allowance for cleanup and other expenditures in disaster areas; (3) the five-year extended carryover period for net operating losses incurred in a disaster area; (4) waiver of mortgage revenue bond requirements for refinancing residences damaged or destroyed in a disaster area; and (5) expensing and accelerated depreciation of certain disaster assistance property. Title IV: Energy Provisions - (Sec. 401) Extends through 2010 energy conservation and production provisions, including: (1) the tax credits for biodiesel and renewable diesel used as fuel; (2) the alternative motor vehicle tax credit for large hybrid vehicles; (3) the alternative fuel excise tax credit for natural gas and liquefied petroleum gas; and (4) tax rules relating to sales required to implement federal and state restructuring policy for qualified electric utilities. Title V: Foreign Account Tax Compliance - Subtitle A: Increased Disclosure of Beneficial Owners - (Sec. 501) Revises and adds reporting and other requirements relating to income from assets held abroad, including by: (1) requiring foreign financial and nonfinancial institutions to withhold 30% of payments made to such institutions by U.S. individuals unless such institutions agree to disclose the identity of such individuals and report on their bank transactions; and (2) denying a tax deduction for interest on non-registered bonds issued outside the United States. Subtitle B: Under Reporting With Respect to Foreign Assets - (Sec. 511) Requires any individual who holds more than $50,000 in a depository or custodial account maintained by a foreign financial institution to report on any such account. (Sec. 512) Imposes an enhanced tax penalty for underpayments attributable to undisclosed foreign financial assets. (Sec. 513) Extends the limitation period for assessment of underpayments with respect to assets held outside the United States. Subtitle C: Other Disclosure Provisions - (Sec. 521) Requires U.S. shareholders of a passive foreign investment company to file annual informational returns. (Sec. 522) Allows the Secretary of the Treasury to require certain financial institutions to file returns related to withholding on transactions involving foreign persons on magnetic media (currently, electronic filing is required only for taxpayers filing at least 250 returns). Subtitle D: Provisions Related to Foreign Trusts - (Sec. 531) Deems a foreign trust as having a United States beneficiary if such beneficiary's interest in the trust is contingent on a future event or such beneficiary directly or indirectly transfers property to such trust or uses trust property without paying compensation to the trust. Imposes reporting requirements on owners of foreign trusts and sets forth tax penalties for failure to report on transfers to and distributions from such trusts. Subtitle E: Substitute Dividends and Dividend Equivalent Payments received by Foreign Persons treated as Dividends - (Sec. 541) Treats a dividend equivalent payment as a dividend from a source within the United States for purposes of taxation of income from foreign sources and tax withholding rules applicable to foreign persons. Title VI: Other Revenue Provisions - Subtitle A: Partnership Interests Held by Partners Providing Services - Sets forth rules for the tax treatment of partnership interests transferred in connection with the performance of services, including by: (1) establishing a fair market value standard for transfers of such partnership interests; (2) treating as ordinary income or loss net income or loss from an investment services partnership interest; (3) including income and loss from an investment services partnership interest for purposes of determining net earnings from self-employment; (4) applying the rule treating gain from sales between related persons as ordinary income to certain partnership interests; (5) exempting income from investment services partnership interests from treatment as qualifying income of publicly traded partnerships; and (6) increasing tax penalties for underpayments of tax attributable to property transferred for investment management services. Defines "investment services partnership interest" as any interest in a partnership held by a person who provides services to a partnership by: (1) advising the partnership about investing in, purchasing, or selling specified assets; (2) managing, acquiring, or disposing of specified assets; or (3) arranging financing with respect to acquiring specified assets. Subtitle B: Time for Payment of Corporate Estimated Taxes - (Sec. 611) Increases by an additional 26.5% in the third quarter of 2014 the required estimated tax payments for corporations with assets of not less than $1 billion. Subtitle C: Tax Expenditure Study - Requires the Chief of Staff of the Joint Committee on Taxation, in consultation with the Comptroller General, to submit to the House Ways and Means Committee and the Senate Finance Committee, not later than November 30, 2010, a report on each tax expenditure extended by this Act. Specifies the required content of such report, including a description of the intended purpose of each such tax expenditure, the direct and indirect beneficiaries of such expenditures, and their cost effectiveness. Requires the Chief of Staff to ensure, at a minimum, that a report on tax expenditures relating to business tax relief and energy provisions is completed by November 30, 2010.

Tax Extenders Act of 2009 - Amends the Internal Revenue Code to extend through 2010 certain expiring provisions for individual taxpayers, including: (1) the taxpayer election to deduct state and local general sales taxes in lieu of state and local income taxes; (2) the standard tax deduction for state and local real property taxes; (3) the tax deduction from gross income for qualified tuition and related expenses; and (4) the tax deduction from gross income for certain expenses of elementary and secondary school teachers. Extends through 2010 expiring provisions for business taxpayers, including: (1) the tax credit for increasing research activities; (2) tax treatment of certain items affecting U.S. shareholders of controlled foreign corporation; (3) accelerated depreciation for qualified leasehold, restaurant, and retail property, for motorsports entertainment complexes, and for farming business machinery and equipment; (4) the tax credit for railroad track maintenance expenditures; (5) the enhanced expensing allowance for certain film and television production costs; (6) expensing of environmental remediation costs; (7) the tax credit for mine rescue team training expenses; (8) the taxpayer election to expense advanced mine safety equipment expenditures; (9) the tax credit for differential wages payments to employees who are active duty members of the Uniformed Services; (10) tax rules relating to regulated investment companies (RICs); and (11) the suspension of the taxable income limitation on percentage depletion for oil and natural gas produced from marginal properties. Extends through 2010 expiring provisions relating to charitable organizations and contributions, including: (1) the tax deduction for charitable contributions of capital gain real property by individual taxpayers and certain corporate farmers and ranchers for conservation purposes; (2) the enhanced tax deduction for charitable contributions of food inventory and book inventories to public schools and for corporate contributions of computer technology and equipment for educational purposes; (3) penalty-free distributions from individual retirement accounts (IRAs) for charitable purposes; and (4) special tax rules for payments to controlling exempt organizations, exclusion of gain or loss from unrelated business taxable income from the sale or exchange of certain brownfield sites, and basis adjustment to stock of S corporations making charitable contributions. Extends through 2010: (1) the tax credit for employment of members of Indian tribes; (2) accelerated depreciation of property used for business purposes on an Indian reservation; (3) extension of the tax deduction for income attributable to domestic production activities to such activities in Puerto Rico; (4) the limitation on the amount of distilled spirits tax covered (paid over) into the treasuries of Puerto Rico and the Virgin Islands; and (5) the tax credit for American Samoa economic development expenditures. Extends through 2010 certain provisions relating to community development and assistance, including: (1) tax incentives in empowerment zones and renewal communities; (2) the new markets tax credit; (3) tax incentives for investment in the District of Columbia, the New York Liberty Zone, the Gulf Opportunity Zone, and low-income housing. Extends through 2010 tax-related disaster relief provisions, including: (1) the tax deduction for personal casualty losses attributable to federally-declared disasters; (2) expensing allowance for cleanup and other expenditures in disaster areas; (3) the five-year extended carryover period for net operating losses incurred in a disaster area; (4) waiver of mortgage revenue bond requirements for refinancing residences damaged or destroyed in a disaster area; and (5) expensing and accelerated depreciation of certain disaster assistance property. Extends through 2010 energy conservation and production provisions, including: (1) the tax credits for biodiesel and renewable diesel used as fuel; (2) the alternative motor vehicle tax credit for large hybrid vehicles; (3) the alternative fuel excise tax credit for natural gas and liquefied petroleum gas; and (4) tax rules relating to sales required to implement federal and state restructuring policy for qualified electric utilities. Revises and adds reporting and other requirements relating to income from assets held abroad, including by: (1) requiring foreign financial and nonfinancial institutions to withhold 30% of payments made to such institutions by U.S. individuals unless such institutions agree to disclose the identity of such individuals and report on their bank transactions; (2) denying a tax deduction for interest on non-registered bonds issued outside the United States; (3) requiring any individual who holds more than $50,000 in a depository or custodial account maintained by a foreign financial institution to report on such accounts; (4) imposing an enhanced tax penalty for underpayments attributable to undisclosed foreign financial assets; (5) extending the limitation period for assessment of underpayments with respect to assets held outside the United States; (6) requiring shareholders of a passive foreign investment company to file informational returns; (7) enhancing tax rules and penalties relating to foreign trusts with U.S. beneficiaries; and (8) requiring withholding of tax on dividend equivalent payments received by foreign individuals. Sets forth tax rules relating to partnership interests transferred in connection with the performance of services. Increases by an additional 26.5% the required estimated tax payments for certain large corporations in the third quarter of 2014. Requires the Chief of Staff of the Joint Committee on Taxation to submit to the House Ways and Means Committee and the Senate Finance Committee a report on each tax expenditure extended by this Act.