TITLE XV — REVENUE PROVISIONS
. Except as otherwise expressly provided, whenever in this title an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986.
. (a) In General.— Section 3301 (relating to rate of tax) is amended— (1) by striking `2007' in paragraph (1) and inserting `2008', and (2) by striking `2008' in paragraph (2) and inserting `2009'. (b) Effective Date.— The amendments made by this section shall apply to wages paid after December 31, 2007.
. (a) In General.— Subparagraph (A) of section 167(h)(5) (relating to special rule for major integrated oil companies) is amended by striking `5-year' and inserting `7-year'. (b) Effective Date.— The amendment made by this section shall apply to amounts paid or incurred after the date of the enactment of this Act.