and by inserting after subparagraph (H) the following new subparagraph: (I) Imported property income The term imported property income means any income received or accrued by any person which is of a kind which would be imported property income (as defined in section 954(j)). . (3) Conforming amendment Clause (ii) of section 904(d)(2)(A) of such Code is amended by inserting or imported property income after passive category income . (d) Technical Amendments (1) Clause (iii) of section 952(c)(1)(B) of the Internal Revenue Code of 1986 is amended— (A) by redesignating subclauses (II), (III), (IV), and (V) as subclauses (III), (IV), (V), and (VI), and (B) by inserting after subclause (I) the following new subclause: (II) imported property income, . (2) The last sentence of paragraph (4) of section 954(b) of such Code is amended by striking subsection (a)(5) and inserting subsection (a)(4) . (3) Paragraph (5) of section 954(b) of such Code is amended by striking and the foreign base company oil related income and inserting the foreign base company oil related income, and the imported property income . (e) Effective Date The amendments made by this section shall apply to taxable years of foreign corporations beginning after the date of the enactment of this Act, and to taxable years of United States shareholders within which or with which such taxable years of such foreign corporations end.