Page:United States Statutes at Large Volume 112 Part 1.djvu/841

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PUBLIC LAW 105-206-^ULY 22, 1998 112 STAT. 815 (B) by adding at the end the following sentence: "Subsection (a) shall not apply to gasoline to which this subsection applies.", (h) AMENDMENTS RELATED TO SECTION 1032 OF 1997 ACT. — (1) Section 1032(a) of the 1997 Act is amended by striking 26 USC 4083. "Subsection (a) of [section 4083" and inserting "Paragraph (1) of section 4083(a)". (2) Section 1032(e)( 12)(A) of the 1997 Act shall be apphed 26 USC 7232. as if "gasoline, diesel fuel," were the material proposed to V)G stficlcGri (3) Paragraph (1) of section 4082(d) of the 1986 Code is amended to read as follows: "(1) AVIATION-GRADE KEROSENE. —Subsection (a)(2) shall Regulations, not apply to aviation-grade kerosene (as determined under regulations prescribed by the Secretary) which the Secretary determines is destined for use as a fuel in an aircraft.". (4) Paragraph (3) of section 4082(d) of the 1986 Code is amended by striking "a removal, entry, or sale of kerosene to" and inserting "kerosene received by". (5) Paragraph (1) of section 4101(e) of the 1986 Code is amended by striking "dyed diesel fuel and kerosene" and inserting "such fuel in a dyed form". (i) AMENDMENT RELATED TO SECTION 1034 OF 1997 ACT. — Paragraph (3) of section 4251(d) of the 1986 Code is amended by striking "other similar arrangement" and inserting "any other similar arrangement". (j) AMENDMENTS RELATED TO SECTION 1041 OF 1997 ACT. — (1) Subparagraph (A) of section 512(b)(13) of the 1986 Code is amended by inserting "or accrues" after "receives". (2) Subclause (I) of section 512(b)(13)(B)(i) of the 1986 Code is amended by striking "(as defined in section 513A(a)(5)(A))". (3) Paragraph (2) of section 1041(b) of the 1997 Act is 26 USC 512 note. amended to read as follows: "(2) BINDING CONTRACTS. —The amendments made by this section shall not apply to any amount received or accrued during the first 2 taxable years beginning on or after the date of the enactment of this Act if such amount is received or accrued pursuant to a written binding contract in effect on June 8, 1997, and at all times thereafter before such amount is received or accrued. The preceding sentence shall not apply to any amount which would (but for the exercise of an option to accelerate payment of such amount) be received or accrued after such 2 taxable years.". (k) AMENDMENTS RELATED TO SECTION 1053 OF 1997 ACT. — (1) Section 853 of the 1986 Code is amended by redesignating subsection (e) as subsection (f) and by inserting after subsection (d) the following new subsection: " (e) TREATMENT OF TAXES NOT ALLOWED AS A CREDIT UNDER SECTION 901(k). — This section shall not apply to any tax with respect to which the regulated investment company is not allowed a credit under section 901 by reason of section 901(k).". (2) Subsection (c) of section 853 of the 1986 Code is amended by striking the last sentence. (3) Subparagraph (A) of section 901(k)(4) of the 1986 Code is amended by striking "securities business" and inserting "business as a securities dealer".