(A) shall not apply. . (e) Special rules relating to S corporations Section 1202(e) of such Code is amended by adding at the end the following new paragraph: (9) Applied at S corporation level In the case of an S corporation, the requirements of this subsection shall be applied at the corporate level. . (f) Effective date The amendments made by this section shall apply to stock acquired after the date of the enactment of this Act.