Notable Tax Cut Extentions in the $12,000 per American Child Tax Cut Deal

"The temporary 100% exclusion of gain from the sale of certain small business stock under IRC § 1202, enacted by the Small Business Jobs Act of 2010, would be extended through 2011.
IRC § 25C credit for nonbusiness energy property (which would also be returned to the limitations and standards applicable before amendment by the American Recovery and Reinvestment Act of 2009, PL 111-5);
IRC § 30C alternative fuel vehicle refueling property credit;
IRC § 40 credit for alcohol used as fuel;
IRC § 40A credit for biodiesel and renewable diesel fuel;
IRC § 41 research and development credit
IRC § 45(d)(8) credit for refined coal facilities;
IRC § 45A Indian employment tax credit;
IRC § 45D new markets tax credit;
IRC § 45G credit for certain railroad track expenditures; 
IRC § 45L new energy-efficient home credit;
IRC § 45M energy-efficient appliance credit;
IRC § 45N mine rescue team training credit;
IRC § 45P employer wage credit for active duty members of the uniformed services;
IRC § 51 work opportunity credit;
IRC § 54E qualified zone academy bonds
IRC § 1400C credit for first-time D.C. homebuyers;
IRC §§ 6426 and 6427 excise tax credits for alternative fuels; and
American Samoa economic development credit under the Tax Relief and Health Care Act of 2006.
IRC § 62(a)(2)(D) deduction for elementary and secondary school teachers;
IRC § 163(h)(3)(E) treatment of mortgage insurance premiums as interest;
IRC § 164 state and local sales tax deduction;
IRC § 168(e)(3)(E) 15-year straight-line cost recovery for qualified leasehold improvements and for qualified restaurant improvements;
IRC § 168(i)(15)(D) seven-year cost recovery period for motor sports entertainment complexes;
IRC § 168(j) accelerated depreciation for property on Indian reservations;
IRC § 170(b)(1)(E) contributions of capital gain real property made for conservation purposes;
IRC § 170(e)(3)(C) enhanced deduction for contributions of food inventory;
IRC § 170(e)(3)(D) enhanced deduction for contributions of book inventory to public schools;
IRC § 170(e)(6) enhanced deduction for corporate contributions of computer equipment for educational purposes;
IRC § 179E(g) election to expense advanced mine safety equipment;
IRC § 181(f) expensing treatment for certain film and television productions;
IRC § 198(h) expensing of environmental remediation costs;
IRC § 199(d)(8) deduction for income attributable to domestic production activities in Puerto Rico;
IRC § 222 deduction for tuition and related expenses; and
IRC § 1367(a)(2) basis adjustment to stock of S corporations making contributions to charity.
IRC § 132 parity for exclusion from income for employer-provided mass transit passes and parking benefits;
IRC § 168(n) expensing and special depreciation allowance for qualified disaster assistance property (extended through 2012);
IRC § 408(d)(8) allowance for tax-free distributions from individual retirement plans for charitable purposes;
IRC § 451 special rule for sales or dispositions to implement FERC or state electric restructuring policy for qualified electric utilities;
IRC § 512(b)(13) special rules for certain amounts received by tax-exempt organizations from controlled entities;
IRC § 613A(c) suspension of limitation on percentage depletion for oil and gas from marginal wells;
IRC § 871(k) treatment of regulated investment company dividends and assets;
IRC § 897(h) qualified investment entity treatment of regulated investment companies under the Foreign Investment in Real Property Tax Act of 1980;
IRC §§ 953(e) and 954(h) exceptions for active financing income;
IRC § 954(c) look-through treatment of payments between related controlled foreign corporations;
IRC § 2105(d) look-through of certain regulated investment company stock in determining gross estate of nonresidents;
IRC § 1367(a) basis adjustment to stock of S corporations making charitable contributions of property;
IRC § 1391 empowerment zone incentives;
IRC §§ 1400, 1400A and 1400B District of Columbia Enterprise Zone incentives;
IRC § 1400L(b) New York Liberty Zone bonus depreciation;
IRC § 1400N Gulf Opportunity Zone incentives; and
IRC § 7652(f) “cover over” of tax on distilled spirits to Puerto Rico and the U.S. Virgin Islands;
Grants under the American Recovery and Reinvestment Act of 2009 for specified energy property in lieu of tax credits."

Journal of Accountancy