the value of plan assets as determined under section 430(g)(3) after reduction under section 430(f), over (B) 125 percent of the sum of the funding target and the target normal cost determined under section 430 for such plan year. (2) Coordination with sections 430 and 433 In the case of a qualified transfer— (A) any assets so transferred shall not, for purposes of this section and sections 430 and 433, be treated as assets in the plan, and (B) in the case of a CSEC plan, the plan shall be treated as having a net experience loss under section 433(b)(2)(B)(iv) in an amount equal to the amount of such transfer and for which amortization charges begin for the first plan year after the plan year in which such transfer occurs, except that such section shall be applied to such amount by substituting 10 plan years for 5 plan years . . 104. Repeal of alternative minimum tax Part VI of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is hereby repealed. 105. Repeal of credits Part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is hereby repealed. 106. Repeal of estate and gift taxes and obsolete income tax provisions (a) Repeal of estate and gift taxes (1) In general Subtitle B of the Internal Revenue Code of 1986 is hereby repealed. (2) Effective date The repeal made by paragraph (1) shall apply to the estates of decedents dying, and gifts and generation-skipping transfers made, after December 31, 2017. (b) Repeal of obsolete income tax provisions (1) In general Except as provided in paragraph (2), chapter 1 of the Internal Revenue Code of 1986 is hereby repealed. (2) Exceptions Paragraph (1) shall not apply to— (A) sections 1, 11, and 63 of such Code, as amended by this Act, (B) those provisions of chapter 1 of such Code which are necessary for determining whether or not— (i) retirement distributions are includible in the gross income of employees, or (ii) an organization is exempt from tax under such chapter, and (C) subchapter D of such chapter 1 (relating to deferred