90 STAT. 3048
CONCURRENT RESOLUTIONS—SEPT. 16, 1976 (B) after subparagraph (C) insert the following new subparagraph: "(D) m the case of an individual whose principal business activity involves active participation in the management of a trade or business of farming, any interest in any other trade or business of farming, and", and (C) in subparagraph (E) (as so redesignated) strike out "or (C) " each place it appears and insert " (C), or (D)". (14) In section 1056(a)(2) of the Code (as added by section 212 of the bill) strike out "transfer contract" and insert "transfer of such contract". (15) In section 1245(a)(4)(A) of the Code (as added by section 212 of the bill), strike out "the greater of" and insert in lieu thereof "the adjusted basis of such contracts increased by the greater of". (16) In the last sentence of section 704(d) of the Code (as added by section 213(e) of the bill) strike out "to which section 465" and insert "to the extent that section 465". (17) In section 213(f)(2) of the bill strike out "in the case of partnership taxable years beginning after" and insert "to liabilities incurred after". (18) In section 214(c) of the bill strike out "made by this Act" and insert "made by this section". (19) In section 67(e)(3) of the Code (as added by section 301(c)(4)(C) of the bill) strike out "paragraph 1231(b)(2)" and insert "section 1231(b)(1)". (20) In section 1348(b)(1)(B)(i) of the Code (as amended by section 302(a) of the bill) strike out "403(a)(2)(A) " and insert "403(a)(2)K (21) In section 1348(b)(1)(B) (ii) of the Code (as amended by section 302(a) of the bill) strike out "any amount". (22) In section 37(e)(4)(A)(i) of the Code (as amended by section 503(a) of the tsill) strike out "which are exempt" and insert "which is exempt". (23) In section 280A(g) of the Code (as added by section 601(a) of the bill) strike out "and other provision" and insert "any other provision". (24) In the last sentence of section 274(h)(4) of the Code (as inserted by section 602(a) of the bill) strike out "expenses of all" and insert "expenses for all". (25) In section 644(a)(1)(B) of the Code (as added by section 701(e)(1) of the bill) strike out "the basis" and insert "the adjusted basis". (26) In section 644(b)(2) of the Code (as added by section 701(e) of the bill) strike out "the basis" and insert "the adjusted basis". (27) In section 46(b)(1) of the Code (as amended by section 802(b) of the bill) redesignate the second subparagraph (A) as subparagraph (C) and redesignate the second subparagraph (B) as subparagraph (D). (28) In section 46(b)(1)(D) of the Code (as redesignated by the preceding paragraph) strike out "801(b)(2)" and insert "802(b)(2)". (29) In section 301(d) (13)(B) of the Tax Reduction Act of 1975 (as amended by section 803(c) of the bill) strike out "by the employer". (30) In section 301(d) (14)(B) of the Tax Eeduction Act of 1975 (as amended by section 803 of the bill) is amended by strik-
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