this section shall apply to taxable years beginning after December 31, 2015. 311. Qualified disaster area recovery bonds (a) In general Section 146A(b)(4) of the Internal Revenue Code of 1986, as amended by section 114 of this Act, is further amended by striking and before January 1, 2017 . (b) Effective date The amendment made by this section shall apply to obligations issued after December 31, 2015. 312. Additional low-income housing credit allocations (a) In general Section 42(h)(3)(J) of the Internal Revenue Code of 1986, as amended by section 115 of this Act, is amended— (1) in clause (i) by striking In the case of calendar year 2016, and inserting In the case of a calendar year beginning after 2015, , (2) in clause (ii)(II) by striking 2015 and inserting the preceding calendar year , and (3) in clause (iii) by striking substituting January 1 of the calendar year in which the taxable year ends for January 1, 2015 . (b) Effective date The amendments made by this section shall take effect on the date of the enactment of this Act.