Page:United States Statutes at Large Volume 106 Part 4.djvu/295

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PUBLIC LAW 102-486—OCT. 24, 1992 106 STAT. 3031 "(i) 1993 in the case of substances to sterilize medical instruments, and "(ii) any period after 1992 in the case of propellants in metered-dose inhalers." (c) TREATMENT OF METHYL CHLOROFORM.— Subsection (g) of section 4682, as amended by subsection (b), is amended by adding at the end thereof the following new paragraph: "(5) TREATMENT OF METHYL CHLOROFORM. — The tax imposed by section 4681 during 1993 by reason of the treatment of methyl chloroform as an ozone-depleting chemical shall be 63.02 percent of the amount of such tax which wovdd (but for this paragraph) be inmosed." (d) EFFECTIVE DATE. —^llie amendments made by this section 26 USC 4682 shall apply to sales and uses on or after January 1, 1993. note. SEC. 1933. INFORMATION REPORTING WITH RESPECT TO CERTAIN SELLER-PROVIDED FINANCING. (a) GENERAL RULE. —Section 6109 (relating to identifying numbers) is amended by adding at the end thereof the following new subsection: "(h) IDENTIFYING INFORMATION REQUIRED WITH RESPECT TO CERTAIN SELLER-PROVIDED FINANCING.—

    • (1) PAYOR.— If any taxpayer claims a deduction under

section 163 for qualified residence interest on any seller-provided financing, such taxpayer shall include on the return claiming such deduction the name, address, and TIN of the person to whom such interest is paid or accrued. "(2) RECIPIENT.— If any person receives or accrues interest referred to in paragraph (1), such person shall include on the return for the taxable year in which such interest is so received or accrued the name, address, and TIN of the person Uable for such interest. "(3) FURNISHING OF INFORMATION BETWEEN PAYOR AND RECIPIENT.—If any person is required to include the TIN of another person on a return under paragraph (1) or (2), such other person shall furnish his TIN to such person. "(4) SELLER-PROVIDED FINANCING.—For purposes of this subsection, the term 'seller-provided financing means any indebtedness incurred in acqmring any residence if the person to whom such indebtedness is owed is the person from whom such residence was acquired.". (b) PENALTY.— Paragraph (3) of section 6724(d) (relating to specified information reporting requirement) is amended by striking "and" at the end of subparagraph (C), by striking the period at the end of subparagraph (D) and inserting ", and", and by adding at the end thereof the following new subparagraph: "(E) any requirement under section 6109(0 that— "(i) a person include on his return the name, address, and TIN of another person, or "(ii) a person furnish his TIN to another person." (c) EFFECTIVE DATE. —The amendments made by this section 26 USC 6109 shall apply to taxable years beginning after December 31, 1991. ^°^ SEC. 1934. INCREASED WITHHOLDING ON GAMBLING WINNINGS. (a) IN GENERAL.— Section 3402(q)(l) (relating to extension of withholding to certain gambling winnings) is amended by striking '^0 percent^ and inserting **^ percent".