Page:United States Statutes at Large Volume 100 Part 3.djvu/1029

 PUBLIC LAW 99-514—OCT. 22, 1986

100 STAT. 2837

"(ii) such person is a small manufacturer (as defined in subsection (d)(4)) for the model year in which such lengthening occurs." (iii) The amendments made by clauses (i) and (ii) shall take effect as if included in the amendments made by section 201 of Public Law 95-618; except that the amendment made by clause (i) shall not apply to any station wagon if— (I) such station wagon is originally equipped with more than 6 seat belts, (II) such station wagon was manufactured before November 1, 1985, and (III) such station wagon is of the 1985 or 1986 model year. (C) TRUCKS AND VANS.—Subparagraph (A) of section

280F(d)(5) is amended by adding at the end thereof the following new sentence: "In the case of a truck or van, clause (ii) shall be applied by substituting 'gross vehicle weight' for 'unloaded gross vehicle weight'." (2) DEDUCTIONS OF EMPLOYEE FOR USE OF LISTED PROPERTY.—

Subparagraph (A) of section 280F(d)(3) (relating to deductions of employee) is amended by striking out "recovery deduction allowable to the employee" and inserting in lieu thereof "recovery deduction allowable to the employee (or the amount of any deduction allowable to the employee for rentals or other payments under a lease of listed property)". (3) TREATMENT OF CERTAIN COMPUTERS.—Subparagraph (B) of

section 280F(d)(4) (relating to exception for certain computers) is amended by striking out "at a regular business establishment" and inserting in lieu thereof "at a regular business establishment and owned or leased by the person operating such establishment". (4) EXCEPTION FOR PROPERTY USED IN BUSINESS OF TRANSPORT-

ING PERSONS OR PROPERTY.—Paragraph (4) of section 280F(d) (defining listed property) is amended by adding at the end thereof the following new subparagraph: "(C)

EXCEPTION

FOR PROPERTY USED IN BUSINESS OF

TRANSPORTING PERSONS OR PROPERTY.—Except to the extent provided in regulations, clause (ii) of subparagraph (A) shall not apply to any property substantially all of the use of which is in a trade or business of providing to unrelated persons services consisting of the transportation of persons or property for compensation or hire." (5) CLERICAL AMENDMENT.—Paragraph (2) of section 280F(d) (relating to subsequent depreciation deductions reduced for deductions allocable to personal use) is amended by striking out "is not use described in" and inserting in lieu thereof "is use described in". CHAPTER 2—AMENDMENTS RELATED TO TITLE II OF THE ACT SEC. 1821. AMENDMENTS RELATED TO SECTION 211 OF THE ACT. (a) CERTAIN AMOUNTS NOT LESS THAN SURRENDER VALUE OF CON-

TRACT.—Subsection (c) of section 807 (relating to rules for certain

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