. 'fi^'*'t^'0i(->'-Jifi-'i9^^g^tKi^ '»l.1c-««.-%f••^-~ PUBLIC LAW 105-206—JULY 22, 1998 112 STAT. 761 "(4) COST-OF-LIVING ADJUSTMENT. —In the case of notices of liens imposed by section 6321 which are filed in any calendar year after 1998, each of the dollar amounts under paragraph (4) or (7) of subsection (b) shall be increased by an amount equal to— "(A) such dollar amount, multiplied by "(B) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year, determined by substituting 'calendar year 1996' for 'calendar year 1992' in subparagraph (B) thereof. If any amount as adjusted under the preceding sentence is not a multiple of $10, such amount shall be rounded to the nearest multiple of $10.". (b) EXPANSION OF TREATMENT OF PASSBOOK LOANS. —Paragraph (10) of section 6323(b) is amended— (1) by striking "PASSBOOK LOANS" in the heading and inserting "DEPOSIT-SECURED LOANS"; (2) by striking ", evidenced by a passbook,"; and (3) by striking all that follows "secured by such account" and inserting a period. (c) EFFECTIVE DATE. —The amendments made by this section shall take effect on the date of the enactment of this Act. SEC. 3436. WAIVER OF EARLY WITHDRAWAL TAX FOR INTERNAL REVE- NUE SERVICE LEVIES ON EMPLOYER-SPONSORED RETIREMENT PLANS OR IRAs. (a) IN GENERAL.--Section 72(t)(2)(A) (relating to subsection not to apply to certain distributions) is amended by striking "or" at the end of clauses (iv) and (v), by striking the period at the end of clause (vi) and inserting ", or", and by adding at the end the following new clause: "(vii) made on account of a levy under section 6331 on the qualified retirement plan.". (b) EFFECTIVE DATE. —The amendments made by this section shall apply to distributions after December 31, 1999. Subpart C—Seizures SEC. 3441. PROHIBITION OF SALES OF SEIZED PROPERTY AT LESS THAN MINIMUM BID. (a) IN GENERAL.— Section 6335(e)(l)(A)(i) (relating to determinations relating to minimum price) is amended by striking "a minimum price for which such property shall be sold" and inserting "a minimum price below which such property shall not be sold". (b) REFERENCE TO PENALTY FOR VIOLATION. — Section 6335(e) is amended by adding at the end the following new paragraph: "(4) CROSS REFERENCE.— "For provision providing for civil damages for violation of paragraph (l)(A)(i), see section 7433.". (c) EFFECTIVE DATE. —The amendments made by this section shall apply to sales made after the date of the enactment of this Act. SEC. 3442. ACCOUNTING OF SALES OF SEIZED PROPERTY. (a) IN GENERAL. —Section 6340 (relating to records of sale) is amended— (1) in subsection (a)— 26 USC 6323 note. Applicability. 26 USC 72 note. Applicability. 26 USC 6335 note.