(5) and inserting (5), and (8) . (d) Other conforming amendments Part VIII of subchapter B of chapter 1 is amended— (1) by striking the table of sections and inserting the following: VIII Special deductions for corporations Subpart A. Allowance of special deductions. Subpart B. Dividends paid deduction. Subpart C. Dividends received deductions. Subpart D. Other deductions. A Allowance of special deductions Sec. 241. Allowance of special deductions. , (2) by inserting the following before section 243: C Dividends received deductions Sec. 243. Dividends received by corporations. Sec. 245. Dividends received from certain foreign corporations. Sec. 245A. Deduction for foreign-source portion of dividends received by domestic corporations from specified 10-percent owned foreign corporations. Sec. 246. Rules applying to deductions for dividends received. Sec. 246A. Dividends received deduction reduced where portfolio stock is debt financed. , and (3) by inserting the following before section 248: D Other deductions Sec. 248. Organizational expenditures. Sec. 249. Limitation of deduction of bond premium on repurchase. Sec. 250. Foreign-derived intangible income and global intangible low-taxed income. . (e) Effective date The amendments made by this section shall apply to dividends paid in taxable years of the payor beginning after December 31, 2018. 13012. Tax equivalent to dividends paid deduction for certain foreign corporations (a) Dividends paid deduction Paragraph (1) of section 882(c) is amended by adding at the end the following new subparagraph: (C) Special rule for dividends paid deduction For purposes of subparagraph (A)— (i) the deduction under section 242 shall not be allowed for any taxable year, and (ii) there shall be allowed, in lieu of such deduction, a deduction in an amount equal to zero percent of the dividend equivalent amount (as defined in section 884(b)) of the foreign corporation for the taxable year. . (b) Effective date The amendment made by this section shall apply to taxable years beginning