of rule suspending foreign taxes and credits until related income is taken into account (a) In general Subpart A of part III of subchapter N of chapter 1 is amended by striking section 909. (b) Conforming amendments (1) Section 901(m)(1)(B) is amended by striking a section 902 corporation (as defined in section 909(d)(5)) and inserting a controlled foreign corporation (as defined in section 957(a)) . (2) The table of sections of subpart A of part III of subchapter N of chapter 1 is amended by striking the item relating to section 909. (c) Effective date The amendments made by this section shall apply to foreign taxes paid or accrued in taxable years beginning on or after the applicable date.