amended by adding after the item relating to part VII the following new item: Part VIII. Surtax on certain amounts received by investment firms . (2) Section 871(b)(1) of such Code is amended by inserting and shall be taxable as provided in section 59B on applicable payments included in gross income which are effectively connected with the conduct of a trade or business within the United States after United States . (3) Section 882(a)(1) of such Code is amended by inserting and shall be taxable as provided in section 59B on applicable payments included in gross income which are effectively connected with the conduct of a trade or business within the United States after United States . (4) Subparagraph (A) of section 6425(c)(1) of such Code is amended by striking plus at the end of clause (i), by striking over at the end of clause (ii) and inserting plus and by adding at the end the following new clause: (iii) the tax imposed by section 59B, over . (5) Paragraph (1) of section 6654(f) of such Code is amended by striking tax each place it appears and inserting taxes . (6) Subparagraph (A) of section 6655(g)(1) of such Code is amended by striking plus at the end of clause (ii), by redesignating clause (iii) as clause (iv), and by inserting after clause (ii) the following new clause: (iii) the tax imposed by section 59B, plus . (d) Effective date The amendments made by this section shall apply to applicable payments (as defined in section 59B(b) of the Internal Revenue Code of 1986, as added by this section) paid or accrued on or after the date of enactment of this Act. 204. Limitation on deduction for business interest of certain businesses owned by private funds (a) In general Section 163(j) of the Internal Revenue Code of 1986 is amended by redesignating paragraph (10) as paragraph (11) and by inserting after paragraph (9) the following new paragraph: (10) Modification of limitation for certain businesses owned by private firms (A) In general In the case of a taxpayer which is an applicable entity controlled by