PUBLIC LAW 97-34—AUG. 13, 1981 TITLE VI-ENERGY PROVISIONS Subtitle A—Changes in Windfall Profit Tax Sec. Sec. Sec. Sec.
601. $2,500 royalty credit for 1981; exemption for 1982 and thereafter. 602. Reduction in tax imposed on newly discovered oil. 603. Exempt independent producer stripper well oil. 604. Exemption from windfall profit tax of oil produced from interests held by or for the benefit of residential child care agencies. Subtitle B—Miscellaneous Provision
Sec. 611. Application of credit for producing natural gas from a nonconventional source with the Natural Gas Policy Act of 1978. TITLE VII—ADMINISTRATIVE PROVISIONS Subtitle A—Prohibition of Disclosure of Audit Methods Sec. 701. Prohibition of disclosure of methods for selection of tax returns for audits. Subtitle B—Changes in Interest Rate for Overpayments and Underpayments Sec. 711. Changes in rate of interest for overpayments and underpayments. Subtitle C—Changes in Certain Penalties and in Requirements Relating to Returns Sec. 721. Changes in penalties for false information with respect to withholding. Sec. 722. Additions to tax in the case of valuation overstatements, increase in negligence penalty. Sec. 723. Changes in requirements relating to information returns. Sec. 724. Penalty for overstated deposit claims. Sec. 725. Declaration of estimated tax not required in certain cases. Subtitle D—Cash Management Sec. 731. Cash management. Subtitle E—Financing of Railroad Retirement System. Sec. 741. Increases in employer and employee taxes. Sec. 742. Advance transfer of amounts payable under social security financial interchange. Sec. 743. Amendments to section 3231 clarifying definition of compensation. Subtitle F—Filing Fees Sec. 751. Fees for filing petitions. TITLE VIII—MISCELLANEOUS PROVISIONS Subtitle A—Extensions Sec. 801. Fringe benefits. Sec. 802. Exclusion for prepaid legal services 3 years. Subtitle B—Tax-Exemption Obligations Sec. 811. Tax-exempt financing for vehicles used for mass commuting. Sec. 812. Obligations of certain volunteer fire departments. Subtitle C—Excise Taxes Sec. 821. Extension of telephone excise tax. Sec. 822. Exclusion of certain services from Federal Unemployment Tax Act. Sec. 823. Private foundation distributions. Subtitle D—Other Provisions Sec. 831. Technical amendments relating to dispositions of investment in United States real property. Sec. 832. Modification of foreign investment company provisions.
95 STAT. 175
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