PUBLIC LAW 105-34—AUG. 5, 1997 111 STAT. 899 (3) limited to the disclosure of the taxpayer identity (as defined in section 6103(b)(6) of such Code) and the signature of the taxpayer. (c) CONFORMING AMENDMENT.— Section 6103(d) is amended by adding at the end the following new paragraph: "(5) DISCLOSURE FOR CERTAIN COMBINED REPORTING PROJECT.—The Secretary shall disclose taxpayer identities and signatures for purposes of the demonstration project described in section 967 of the Taxpayer Relief Act of 1997.". SEC. 977. ELECTIVE CARRYBACK OF EXISTING CARRYOVERS OF 26 USC 172 note. NATIONAL RAILROAD PASSENGER CORPORATION. (a) ELECTIVE CARRYBACK. — (1) IN GENERAL. —If the National Railroad Passenger Corporation (in this section referred to as the "Corporation")— (A) makes an election under this section for its first taxable year ending after September 30, 1997, and (B) agrees to the conditions specified in paragraph (2), then the Corporation shall be treated as having made a pay- ment of the tax imposed by chapter 1 of the Internal Revenue Code of 1986 for such first taxable year and the succeeding taxable year in an amount (for each such taxable year) equal to 50 percent of the amount determined under paragraph (3). Each such payment shall be treated as having been made by the Corporation on the last day prescribed by law (without regard to extensions) for filing its return of tax under chapter 1 of such Code for the taxable year to which such payment relates. (2) CONDITIONS.— (A) IN GENERAL.— T his section shall only apply to the Corporation if it agrees (in such manner as the Secretary of the Treasury or Ms delegate may prescribe) to— (i) except as provided in clause (ii), use any refund of the payment described in paragraph (1) (and any interest thereon) solely to finance qualified expenses of the Corporation, and (ii) make the payments to non-Amtrak States as described in subsection (c). (B) REPAYMENT.— (i) IN GENERAL.—The Corporation shall repay to the United States any amount not used in accordeince with this paragraph and any amount remaining unused as of January 1, 2010. (ii) SPECIAL RULES.— For purposes of clause (i)— (I) no amount shall be treated as remaining unused as of Jeinuary 1, 2010, if it is obligated as of such date for a qualified expense, and (II) the Corporation shall not be treated as failing to meet the requirements of clause (i) by reason of investing any amount for a temporary period. (3) AMOUNT.— For purposes of paragraph (1)— (A) IN GENERAL.— The amount determined under this paragraph shall be the lesser of— (i) 35 percent of the Corporation's existing qualified carryovers, or
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