Technical Corrections Act of 1979

[AI summary unavailable — showing source text] Technical Corrections Act of 1979 - Provides, for purposes of making the investment tax credit rate permanent, that the Energy Tax Act of 1978 will be deemed to have been enacted prior to the Revenue Act of 1978. Title I: Amendments Related to Revenue Act of 1978 - Makes technical corrections to the Revenue Act of 1978 with respect to: (1) the earned income credit; (2) railroad unemployment compensation; (3) cafeteria-type employee benefit plans; (4) employee stock ownership plans (ESOP); (5) simplified employee pension plans; (6) defined benefit plans; (7) custodial accounts for regulated investment companies; (8) individual retirement accounts (IRAs); (9) "at risk" rules for business loss deductions; (10) the investment tax credit; (11) the targeted jobs credit; (12) industrial development bonds; (13) the ordinary loss deduction for small business corporation stock; (14) the entertainment facility tax deduction; (15) the deficiency dividend procedure for regulated investment companies; (16) self-insured medical reimbursement plans; (17) net operating loss deductions; (18) capital gains for individuals and corporations; (19) the minimum tax; (20) the maximum tax; (21) Tax Court ad…