the following: Sec. 224. FRAME accounts. Sec. 225. Cross reference. . (g) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act. 3. FRAME contribution credit (a) In general Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 45S. FRAME contribution credit (a) General rule For purposes of section 38, in the case of a qualified farmer (as defined in section 224(c)), the FRAME contribution credit determined under this section for any taxable year is an amount equal to the applicable percentage of the taxpayer’s contributions to any FRAME account of the taxpayer. (b) Applicable percentage For purposes of subsection (a), the applicable percentage is— (1) in the case of the taxable year during which the first FRAME account of the taxpayer is established, and the 2nd and 3rd taxable years thereafter, 10 percent, (2) in the case of the 4th through 5th taxable years thereafter, 5 percent, and (3) in the case of the 7th through 9th taxable years thereafter, 3.5 percent. (c) Limitation Only contributions for which a deduction is allowed under section 224 shall be taken into account under this section. . (b) Credit made part of general business credit Subsection (b) of section 38 of such Code is amended by striking plus at the end of paragraph (35), by striking the period at the end of paragraph (36) and inserting , plus , and by adding at the end the following new paragraph: (37) the FRAME contribution credit determined under section 45S(a). . (c) Clerical amendment The table of sections for subpart D of part IV of subchapter A of chapter 1 of such Code is amended by adding at the end the following new item: Sec. 45S. FRAME contribution credit. . (d) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.