(F) AMENDMENT RELATED TO SECTION 1522 OF THE REFORM ACT.

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP89T00234R000200280055-6
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 27, 2016
• Document Release Date: February 19, 2013
• Sequence Number: 55
• Publication Date: June 10, 1987
• Content Type: OPEN SOURCE

I.
Declassified and Approved For? - Release 2013/02/19 : CIA-RDP89T00234R000200280055-6
- .1- ?
June 10, 1987 mi riCONGRESSIONAL RECORD ? SEOTE
the amendments made by section 311(aX1)
of the Tax Equity and Fiscal Responsibility
Act of 1982.
(2)(A) Subsection (e) of section 6045 of
the 1986 Code is amended by adding at the
end thereof the following new paragraph:
"(3) PROHIBITION OP SEPARATE CHARGE FOR
FILING arreart.?It shall be unlawful for any
real estate broker to separately charge any
customer for complying with any require-
ment of paragraph (1)."
(B) The amendment made by subpara-
graph (A) shall take effect on the date of
the enactment of this Act.
(f) Aurawitincr RELATED To Sacriox 1522
or THE REFORM Acr.?Section 6050M of the
1986 Code is amended by adding at the end
thereof the following new subsection:
"(e) EXCEPTION FOR CERTAIN CLASSIFIED OR
CONFIDENTIAL CONTRACTS.?
"(1) IN GENERAL?Except as provided in
paragraph (2), this section shall not apply
in the case of a contract described in para-
graph (3).
"(2) REPORTING REQUIREMENT.?Each Fed-
eral executive agency which has entered
into a contract described in paragraph (3)
shall, upon a request of the Secretary which
Identifies a particular person, acknowledge
whether such person has entered into such
a contract with such agency and, if so, pro-
vide to the Secretary?
"(A) the information required under this
section with respect to such person. and
"(B) such other information with respect
to such person which the Secretary and the
head of such Federal executive agency agree
is appropriate.
"(3) DESCRIPTION or CONTRACT.?For pur-
poses of this subsection, a contract between
a Federal executive agency and another
person is described in this paragraph if-
-(A) the fact of the existence of such con-
tract or the subject matter of such contract
has been designated and clearly marked or
clearly represented, pursuant to the provi-
sions of Federal law or an Executive order,
as requiring a specific degree of protection
against unauthorized disclosure for reasons
of national security, or
"(B) the head of such Federal executive
agency (or his designee) pursuant to regula-
tions issued by such agency determines, in
writing, that filing the required return
under this section would interfere with the
effective conduct of a confidential law en-
forcement or foreign counterintelligence ac-
tivity."
(g) AMENDMENTS RELATED To Secreae 1523
or Tur Reaves/ Ace?Section 6676 of the
1986 Code is amended?
(1) by striking out -6049. or 6050N" in sub-
section (a)(3) and inserting in lieu thereof
"or 6049",
(2) by striking out -6049, or 6050N" in sub-
section (b)(1)(A) and inserting in lieu there-
of "or 6049". and
(3) by striking out "? Dramexes. 'UM ROY-
AL:nu- in the heading for subsection (b)
and inserting in lieu thereof "mti)
DEND".
(h) ANINDISENTS RELATED TO SECTION 1542
OF THE REFORM ACT?Subsection (h) of sec-
tion 6154 of the 1986 Code is amended?
(1) by striking out "subject to the tax im-
posed by section 4940" in paragraph (1).
(2) by amending paragraph (2) to read as
follows:
"(2) any tax imposed by section 511. and
any tax imposed by section 1 or 4940 on a
private foundation, shall be treated as a tax
imposed by section 11, and", and
(3) by adding at the end thereof the fol-
lowing new sentence:
"In the case of an organization described in
paragraph (1). subsection (c) of section 6655
shall be applied by substituting '5th month"
for 'third month'."
AMENDMENT RELATED To RacriON 1551
Or THE REFORM Am.?Clause (III) of section
1430(cX2)(A) of the 1986 Code is amended
to read as follows:
"(111) meets the requirements of the 1st
sentence of section 2412(d X1)(B) of title 28,
United States Code (as in effect on October
22. 1986) and meets the requirements of sec-
tion 2412(d1(2XB) of such title 28 (as so in
ei feet)."
(1) PROVISION RELATED TO SECTION 1556 or
THE Riervam ACT?To the extent the salary
recommendations submitted by the Presi-
dent on January 5, 1987, are inconsistent
with the provisions of section 7443A(dX1) of
the 1986 Code, such recommendations shall
not be effective for any Period.
(k) Astrimantier RELATED To SzcreaN 1557
or THE REFORM Ac-r,?
(1) Subsection (d) of section 7447 of the
1986 Code is amended by adding at the end
thereof the following new sentence: "In
computing the rate of the retired pay under
paragraph (1) of this subsection for any in-
dtvidual who is entitled thereto, any period
during which such individual performs serv-
ices under subsection (c) on a substantially
full-time basis shall be treated as a period
during which he has served as a judge."
(2) The amendment made by paragraph
(1) shall apply for purposes of determining
the amount of retired pay for months begin-
ning after the date of the enactment of this
Act regardless of when the services under
section 7447(c) of the 1986 Code were per-
formed.
(I) AMENDMENTS RELATED TO SECTION 1561
or Tarr REFORM ACT.?
(1) Subsection (eX2) of section 7609 of the
1986 Code is amended?
(A) by inserting "or the sununoned party's
response to a summons described in subsec-
tion (f)." after "the summons described in
subsection (c),", and
(B) by striking out "the summons is issued
other" and inserting In lieu thereof "the
summons is issued".
(2) Subsection (i) of section 7609 of the
1986 Code is amended?
(A) by striking out "the third-party rec-
ordkeeper" in paragraph (4) and inserting in
lieu thereof "the summoned party", and
(B) by inserting "AND Sumecarm Peary"
after "RECORDKEEPER" In the subsection
heading.
(3) The amendments made by this subsec-
tion shall take effect on the date of the en-
actment of this Act.
(DI) AMENDMENT RELATED so SecTIoN 1562
OF THE REFORM Act?Subsection (d) of sec-
tion 6212 of the 1986 Code is amended by
adding at the end thereof the following new
sentence: "Nothing in this subsection shall
affect any suspension of the running of any
period of limitations during any period
during which the rescinded notice was out-
standing."
(n) Giterau. REQUIREMENT or Rev:ma
STATEMENT, OR LIST.?
(1) Subsection (a) of section 6011 of the
1986 Code is amended by striking out "for
the collection thereof" and inserting in lieu
thereof "with respect to the collection
thereof".
(2) The amendment made by paragraph
(1) shall take effect on the date of the en-
actment of this Act.
(o) CERTAIN REFUNDABLE CREDITS To Be
ASSESSED UNDER Derictexcy PROCEDURES.?
(1) Subsection (a) of section 6201 of the
1986 Code is amended by striking out para-
graph (4).
(2) Paragraph (4) of section 6211(b) is
amended to read as follows:
"(4) For purposes of subsection (al?
"(A) any excess of the sum of the credits
allowable under sections 32 and 34 over the
8 7973
tax Imposed by =Wile A (determined With-
out regard to such credits), and
"(13) any excess of the sum of such Create
as shown by the taxpayer on his return over
the amount shown as the tax by the taxpay-
er on such return (determined without
regard to such credits),
shall be taken into account as negative
amounts of tax."
(3) Subsection (h) of section 6213 of the
1986 Code is amended by striking out para-
graph (3) and by redesignating paragraph
(4) as paragraph (3).
(4) The amendments made by this subsec-
tion shall apply to taxable years beginning
after the date of the enactment of this Act.
SEC. III. AMENDMENTS RELATED TO TITLE XVI OF
THE REFORM ACT.
(a) Auzierairwrs RELATED To Secnosi 1603
OF THE REFORM ACT.?
(1) Subparagraph (A ) of section 501 ( c X 25)
of the 1986 Code is amended by adding at
the end thereof the following new sentence:
"For purposes of clause (ili), the term 'real
property' shall not include any interest as a
tenant in common (or similar interest) and
shall not include any indirect interest."
(2) Subparagraph (D) of section 501(cX25)
of the 1986 Code is amended by striking out
so much of such subparagraph as precedes
clause (1) and inserting in lieu thereof the
following:
"(D) A corporation or trust shall in no
event be treated as described in subpara-
graph (A) unless such corporation or trust
permits its shareholders or beneficiaries?"
(31(A) Paragraph (25) of section 501(c) of
the 1986 Code is amended by adding at the
end thereof the following new subpara-
graph:
"(E Xi) For purposes of this title?
"(I) a corporation which is a qualified sub-
aidiarY shall not be treated as a separate
corporation, and
"(U) all assets, liabilities. and Items of
Income, deduction, and credit of a qualified
subsidiary shall be treated as assets, liabil-
ities, and such items (as the case may be) of
the corporation or trust described in sub-
paragraph (A).
"(ii) For purposes of this subparagraph,
the term 'qualified subsidiary' means any
corporation if, at all times during the period
such corporation was in existence. 100 per-
cent of the stock of such corporation is held
by the corporation or trust described in sub-
paragraph (A).
"(iii) For purposes of this subtitle, if any
corporation which was a qualified subsidiary
ceases to meet the requirements of clause
(ii), such corporation shall be treated as a
new corporation acquiring all of its assets
(and assuming all of its liabilities) immedi-
ately before such cessation from the corn?.
ration or trust described in subparagraph
(A) in exchange for its stock."
(B) Subparagraph (C) of section 501(cX 25)
of the 1986 Code is amended by inserting
"or" at the end of clause (iii), by striking
out "* or" at the end of clause (iv) and in-
serting in lieu thereof a period, and by strik-
ing out clause (v).
(4) Paragraph (25) of section 501(c) of the
1986 Code is amended by adding at the end
thereof the following new subparagraph:
"(F) For purposes of subparagraph (A),
the term 'real property' includes any per-
sonal property which is leased under, or in
connection with, a lease of real property,
but only if the rent attributable to such per-
sonal property (determined under the rules
of section 856f.d x1)) for the taxable year
does not exceed 15 percent of the total rent
for the taxable year attributable to both the
real and personal property leased under, or
in connection with, such lease."
narinqcifiRd and Approved For Release 2013/02/19 : CIA-RDP89T00234R000200280055-6