PUBLIC LAW 97-248—SEPT. 3, 1982
96 STAT. 569
(A) LIABILITY FOR TAX.—A person holding c i g a r e t t e s on
January 1, 1983, to which any tax imposed by paragraph (1) applies shall be liable for such tax. (B) M E T H O D OF P A Y M E N T. — The tax imposed by paragraph
(1) shall be t r e a t e d as a tax imposed under section 5701 and shall be d u e and payable on January 18, 1983 in the s a m e m a n n e r as the tax imposed under such section is payable with respect to cigarettes removed on January 1, 1983. (3) CIGARETTE.—For purposes of this subsection, the term " c i g a r e t t e " shall h a v e the m e a n i n g given to such term by subsection (b) of section 5702 of the I n t e r n a l Revenue Code of 1954. (4) EXCEPTION FOR RETAILERS.—The tax e s imposed by para-
g r a p h (1) shall not apply to cigarettes in retail stocks held on January 1, 1983, a t the place w h e r e intended to be sold a t retail. (c) EFFECTIVE D A T E. — The amendment m a d e by subsection (a) shall 26 USC 5701 apply with respect to cigarettes removed after December 31, 1982 ^°^^and before October 1, 1985.
PART IV—TAPS ADJUSTMENT ELIMINATED SEC. 284. ELIMINATION OF THE TAPS ADJUSTMENT.
(a) IN GENERAL. Subsection (d) of section 4996 (relating to Alaskan oil from Sadlerochit reservior) is amended to read as follows:
26 USC 4996.
"(d) ALASKAN O I L F R O M SADLEROCHIT RESERVOIR.—For purposes of
this chapter— "(1) REMOVAL
PRICE DETERMINED ON MONTHLY
removal price of Sadlerochit oil removed during any c a l e n d a r month shall be the average of the producer's removal prices for such month. "(2) SADLEROCHIT OIL D E F I N E D. — The term
means crude oil produced from the Sadlerochit reservoir in the P r u d h o e Bay oilfield.". (b) EFFECTIVE D A T E. — The amendment m a d e by this section shall apply with respect to oil removed after December 31, 1982.
26 USC 4996 note.
Subtitle G—Miscellaneous SEC. 28.5. TWO-YEAR EXTENSION OF EXCLUSION FROM GROSS INCOME OF NATIONAL RESEARCH SERVICE AWARDS.
Paragraph (2) of section 161(b) of the Revenue Act of 1978 (relating to exclusion from gross income for national research service awards) is amended by striking out "1981" and inserting in lieu thereof "1983".
26 USC 117 note.
SEC. 286. SPECIAL RULES FOR CERTAIN AMATEUR SPORTS ORGANIZATIONS.
(a) SPECIAL RULES.—Section 501 is amended by r e designating sub-
section (j) as subsection (k) and by inserting after subsection (i) the following new subsection: "(j) SPECIAL TIONS.—
"(1) IN GENERAL.—In the case of a qualified a m a t e u r sports organization—
26 USC 5()1.