100 STAT. 2902
PUBLIC LAW 99-514—OCT. 22, 1986 "(B) any contract with respect to which the taxpayer uses the completed contract method of accounting which was entered into before January 1, 1985, or "(C) in the case of any contract other than a lease or contract described in subparagraph (A) or (B), any contract which was entered into before January 1, 1985; except that this subparagraph shall only apply to the first 3 taxable years of the FSC ending after January 1, 1985, or such later taxable years as the Secretary of the Treasury or his delegate may prescribe." (p) CLERICAL AMENDMENTS.—
(1) Subsection (f) of section 995 is amended by redesignating the paragraphs following the paragraph (3) relating to deferred DISC income as paragraphs (4), (5), and (6). (2) Subsection (h) of section 901 is amended by striking out "section 927(d)(6)" and inserting in lieu thereof "section 927(d)(6))". (3) Paragraph (3) of section 802(c) of the Tax Reform Act of 1984 is hereby repealed. (4) Subparagraph (A) of section 805(a)(2) of the Tax Reform Act of 1984 is amended by striking out "the taxpayer" and inserting in lieu thereof "the DISC or a related party. (5) Paragraph (2) of section 927(e) is amended by striking out "clauses (i) and (ii)" and inserting in lieu thereof "clauses (ii) and (iii)". SEC. 1877. AMENDMENTS RELATED TO TITLE IX OF THE ACT. (a) AMENDMENT RELATED TO SECTION 911 OF THE ACT.—Paragraph
(3) of section 34(a) (relating to credit for certain uses of gasoline and special fuels) is amended to read as follows: "(3) under section 6427— "(A) with respect to fuels used for nontaxable purposes or resold, or "(B) with respect to any qualified diesel-powered highway vehicle purchased (or deemed purchased under section 6427(g)(6)), during the taxable year (determined without regard to section 64270"))." (b) AMENDMENTS RELATED TO SECTION 915 OF THE ACT.—
(1) Paragraph (2) of section 6427(b) (relating to intercity, local, or school buses) is amended by redesignating subparagraphs (B) and (C) as subparagraphs (C) and (D), respectively, and by inserting after subparagraph (A) the following new subparagraph: "(B)
EXCEPTION
FOR SCHOOL
BUS TRANSPORTATION.—
Subparagraph (A) shall not apply to fuel used in an automobile bus while engaged in the transportation described in paragraph (1)(B)." (2) Subparagraph (A) of section 64270t>)(2) is amended by striking out "subparagraph (B)" and inserting in lieu thereof "subparagraphs (B) and (C)". (3) The heading for subparagraph (C) of section 6427(b)(2), as redesignated by paragraph (1), is amended by striking out "EXCEPTION" and inserting in lieu thereof "EXCEPTION FOR CERTAIN INTRACITY TRANSPORTATION". (c) AMENDMENT RELATED TO SECTION 921 OF THE ACT.—Paragraph
(3) of section 4051(d) (relating to temporary reduction in tax on
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