PUBLIC LAW 106-170—DEC. 17, 1999 113 STAT. 1925 (A) the amount of such increcise otherwise required to be covered over after June 30, 1999, and before the date of the enactment of this Act; or (B) $20,000,000. (2) TRANSFER OF INCREMENTAL INCFLEASE FOR FISCAL YEAR 2001. —The Secretary of the Treasury shall on October 1, 2000, transfer an amount equal to the excess oi"— (A) the amount of such increcise otherwise required to be covered over after June 30, 1999, and before October 1, 2000, over (B) the amount of the transfer described in paragraph (1). (c) EFFECTIVE DATE. —The amendment made by subsection (a) 26 USC 7652 shall take effect on July 1, 1999. note. Subtitle B—Other Time-Sensitive Provisions SEC. 521. ADVANCE PRICING AGREEMENTS TREATED AS CONFIDEN- TIAL TAXPAYER INFORMATION. (a) IN GENERAL.— (1) TREATMENT AS RETURN INFORMATION.—Paragraph (2) of section 6103(b) of the Internal Revenue Code of 1986 26 USC 6103. (defining return information) is amended by striking "and" at the end of subparagraph (A), by inserting "and" at the end of subparagraph (B), and by inserting after subparagraph (B) the following new subparagraph: "(C) any advance pricing agreement entered into by a taxpayer and the Secretary and any background information related to such agreement or any application for an advance pricing agreement,". (2) EXCEPTION FROM PUBLIC INSPECTION AS WRITTEN DETER- MINATION. — Paragraph (1) of section 6110(b) of such Code 26 USC 6110. (defining written determination) is amended by adding at the end the following new sentence: "Such term shall not include any advance pricing agreement entered into by a taxpayer and the Secretary and any background information related to such agreement or any application for an advance pricing agreement.". (3) EFFECTIVE DATE.— The amendments made by this sub- 26 USC 6103 section shall take effect on the date of the enactment of this note- Act. (b) ANNUAL REPORT REGARDING AD\^ANCE PRICING AGREE- MENTS.— (1) IN GENERAL.—Not later than 90 days after the end Deadline. of each calendar year, the Secretary of the Treasury shall prepare and publish a report regarding advance pricing agreements. (2) CONTENTS OF REPORT.—The report shall include the following for the calendar year to which such report relates: (A) Information about the structure, composition, and operation of the advance pricing agjeement program office. (B) A copy of each model advance pricing agreement. (C) The number of— (i) applications filed during such calendar year for advance pricing agreements;
�
