PUBLIC LAW 99-514—OCT. 22, 1986
100 STAT. 2811
a taxable year and shall be made on the return of such estate or trust for such taxable year." (b) TREATMENT OF MULTIPLE TRUSTS.—Subsection (b) of section 82 of the Tax Reform Act of 1984 (relating to treatment of multiple trusts) is amended by inserting before the period at the end thereof the following: "; except that, in the case of a trust which was irrevocable on March 1, 1984, such amendment shall so apply only to that portion of the trust which is attributable to contributions to corpus after March 1, 1984". (c) CLERICAL AMENDMENTS.—Section 643 (relating to definitions applicable to subparts A, B, C, and D) is amended— (1) by redesignating the subsection added by section 81 of the Tax Reform Act of 1984 as subsection (e), and (2) by redesignating the subsection added by section 82 of such Act as subsection (f). SEC. 1807. AMENDMENTS RELATED TO ACCOUNTING CHANGES. (a) AMENDMENTS RELATED TO SECTION 91 OF THE ACT.— (1) CLARIFICATION OF CASH BASIS EXCEPTION TO TAX SHELTER RULE.—
(A) Subparagraph (A) of section 461(i)(2) is amended by striking out "within 90 days after the close of the taxable year" and inserting in lieu thereof "before the close of the 90th day after the close of the taxable year". (B) The heading for paragraph (2) of section 461(i) is amended by striking out "WITHIN 90 DAYS" and inserting in
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lieu thereof "ON OR BEFORE THE 90TH DAY". (2) CLARIFICATION OF COORDINATION WITH SECTION 464.— Subparagraph (A) of section 461(i)(4) (relating to special rules for farming) is amended to read as follows: (A) any tax shelter described in paragraph (3)(C) shall be treated as a farming syndicate for purposes of section 464; except that this subparagraph shall not apply for purposes of determining the income of an individual meeting the requirements of section 464(c)(2),". (3) TREATMENT OF MINING AND SOUD WASTE RECLAMATION AND CLOSING COSTS.— (A) RESERVE INCREASED BY AMOUNT DEDUCTED.—Para-
S8f
graph (2) of section 468(a) (relating to establishment of reserves for reclamation and closing costs) is amended by adding at the end thereof the following new subparagraph: "(D)
RESERVE INCREASED BY AMOUNT DEDUCTED.—A re-
serve shall be increased each taxable year by the amount allowable as a deduction under paragraph (1) for such taxable year which is allocable to such reserve." (B) EFFECTIVE DATE.—Subsection (g) of section 91 of the Tax Reform Act of 1984 (relating to effective dates) is amended by adding at the end thereof the following new paragraph: "(4) EFFECTIVE DATE FOR TREATMENT OF MINING AND SOUD
WASTE RECLAMATION AND CLOSING COSTS.—Except as otherwise
provided in subsection (h), the amendments made by subsection (b) shall take effect on the date of the enactment of this Act with respect to taxable years ending after such date." (C) CLERICAL AMENDMENT.—Paragraph (1) of section 468(a) is amended by striking out this subsection" and inserting in lieu thereof "this section".
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