(b) Conforming amendments (1) (A) Part I of subchapter P of chapter 1 is amended by striking section 1201 (and by striking the item relating to such section in the table of sections for such part). (B) Section 12 is amended by striking paragraph (4). (C) Section 527(b) is amended— (i) by striking paragraph (2), and (ii) by striking all that precedes is hereby imposed and inserting: (b) Tax imposed A tax . (D) Section 594(a) is amended by striking taxes imposed by section 11 or 1201(a) and inserting tax imposed by section 11 . (E) Section 691(c)(4) is amended by striking 1201, . (F) Section 801(a) is amended— (i) by striking paragraph (2), and (ii) by striking all that precedes is hereby imposed and inserting: (a) Tax imposed A tax . (G) Section 831(e) is amended by striking paragraph (1) and by redesignating paragraphs (2) and (3) as paragraphs (1) and (2), respectively. (H) Sections 832(c)(5) and 834(b)(1)(D) are each amended by striking sec. 1201 and following, . (I) Section 852(b)(3)(A) is amended by striking section 1201(a) and inserting section 11(b)(1) . (J) Section 857(b)(3) is amended— (i) by striking subparagraph (A) and redesignating subparagraphs (B) through (F) as subparagraphs (A) through (E), respectively, (ii) in subparagraph (C), as so redesignated— (I) by striking subparagraph (A)(ii) in clause (i) thereof and inserting paragraph (1) , (II) by striking the tax imposed by subparagraph (A)(ii) in clauses (ii) and (iv) thereof and inserting the tax imposed by paragraph (1) on undistributed capital gain , (iii) in subparagraph (E), as so redesignated, by striking subparagraph (B) or (D) and inserting subparagraph (A) or (C) , and (iv) by adding at the end the following new subparagraph: (F) Undistributed capital gain For purposes of this paragraph, the term undistributed capital gain means the excess of the net capital gain over the deduction for dividends paid (as defined in section 561) determined with reference to capital gain dividends only. . (K) Section 882(a)(1) is amended by striking , or