Page:United States Statutes at Large Volume 100 Part 2.djvu/667

 PUBLIC LAW 99-499—OCT. 17, 1986 >.

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Ethylene glycol Vinyl chloride Polyethylene resins, total Polybutadiene Styrene-butadiene, latex Styrene-butadiene, snpf Synthetic rubber, not containing fillers Urea Ferronickel Ferrochromium nov 3 pet Ferrochrome ov 3 pet. carbon Unwrrought nickel Nickel waste and scrap Wrought nickel rods and wire Nickel powders Phenolic resins Polyvinylchloride resins Polystyrene resins and copolymers Ethyl alcohol for nonbeverage use Ethylbenzene

100 STAT. 1769

Acrylonitrile Methanol Propylene oxide Polypropylene resins Ethylene oxide Ethylene dichloride Cyclohexane \

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Isophthalic acid Maleic anhydride Phthalic anhydride Ethyl methyl ketone Chloroform p. Carbon tetrachloride Chromic acid Hydrogen peroxide Polystyrene homopolymer resins Melamine Acrylic and methacrylic acid resins Vinyl resins Vinyl resins, NSPF.

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"(4) MODIFICATIONS TO UST.—

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"(A) IN GENERAL.—The Secretary may add substances to or remove substances from the list under paragraph (3) (including items listed by reason of paragraph (2)) as necessary to carry out the purposes of this subchapter. "(B)

AUTHORITY TO ADD SUBSTANCES TO LIST BASED ON

VALUE.—The Secretary may, to the extent necessary to carry out the purposes of this subchapter, add any substance to the list under paragraph (3) if such substance would be described in paragraph (2)(B) if 'value' were substituted for 'weight' therein. "(b) OTHER DEFINITIONS.—For purposes of this subchapter— f5 "(1) IMPORTER.—The term 'importer' means the person entering the taxable substance for consumption, use, or warehousing. "(2) TAXABLE CHEMICALS; UNITED STATES.—The terms 'taxable chemical' and 'United States' have the respective meanings given such terms by section 4662(a). 26 USC 4662. "(c) DISPOSITION OF REVENUES FROM PUERTO RICO AND THE VIRGIN

ISLANDS.—The provisions of subsections (a)(3) and (b)(3) of section 7652 shall not apply to any tax imposed by section 4671." (b) CLERICAL AMENDMENT.—The table of subchapters for chapter 38 of such Code is amended by adding after the item relating to subchapter B the following new item: "SUBCHAPTER C. Tax on certain imported substances." EFFECTIVE DATE.—The amendments made by this

(c) take effect on January 1, 1989. (d) STUDY.—

section shall

26 USC 4671 note. 26 USC 4671

(1) IN GENERAL.—The Secretary of the Treasury or his dele- note. V gate shall conduct a study of issues relating to the implementation of— li,., (A) the tax imposed by the section 4671 of the Internal Revenue Code of 1986 (as added by this section), and (B) the credit for exports of taxable substances under <section 4661(e)(2)(A)(iiXII) of such Code. In conducting such study, the Secretary of the Treasury or his delegate shall consult with the Environmental Protection Agency and the International Trade (Commission. (2) REPORT.—The report of the study under paragraph (1) shall be submitted not later than January 1, 1988, to the Committee

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