Page:United States Statutes at Large Volume 100 Part 3.djvu/1095

 PUBLIC LAW 99-514—OCT. 22, 1986

100 STAT. 2903

certain piggyback trailers) is amended by adding at the end thereof the following new sentence: "No tax shall be imposed by reason of this paragraph on any use or resale which occurs more than 6 years after the date of the first retail sale." SEC. 1878. AMENDMENTS RELATED TO TITLE X OF THE ACT. (a) AMENDMENT RELATED TO SECTION 1001 OF THE ACT.—Subsec-

tion O> of section 1001 of the Tax Reform Act of 1984 is amended by t) adding at the end thereof the following new paragraph: "(24) Clause (i) of section 1278(a)(l)(B) (relating to short-term obligations)." (h) AMENDMENT RELATED TO SECTION 1015 OF THE ACT.—Subpara-

graph (I) of section 4162(a)(6) (defining sport fishing equipment) is amended to read as follows: "(I) fishing hook disgorgers, and". (c) AMENDMENTS RELATED TO SECTION 1018 OF THE ACT.—

(1) Paragraph (1) of section 4041(1) (relating to exemption for certain helicopter uses) is amended to read as follows: "(1) transporting individuals, equipment, or supplies in the exploration for, or the development or removal of, hard minerals, oil, or gas, or". (2) Paragraph (1) of section 4261(e) (relating to exemption for certain helicopter uses) is amended to read as follows: "(1) transporting individuals, equipment, or supplies in the exploration for, or the development or removal of, hard minerals, oil, or gas, or". (d) AMENDMENTS RELATED TO SECTION 1028 OF THE ACT.—Subsec-

tion (b) of section 1028 of the Tax Reform Act of 1984 (relating to credit against estate tax for transfers to Toiyabe National Forest) is amended to read as follows: "(b) AMOUNT OF CREDIT.—

"(1) IN GENERAL.—The amount allowed as a credit under subsection (a) shall be equal to the lesser of— "(A) the fair market value of the real property transferred by each estate as of the valuation date used for purposes of the tax imposed by chapter 11 of such Code, or "(B) the Federal estate tax liability (and interest thereon) of each estate. "(2) SPECIAL RULE FOR RABE ESTATE.—In the case of the estate described in paragraph (2) of subsection (a), the amount allowed as a credit under subsection (a) shall be equal to the Federal estate tax liability (and interest accruing thereon through the date of a transfer described in paragraph (1) of subsection (c)) of such estate." (e) AMENDMENTS RELATED TO SECTION 1034 OF THE ACT.—

(1) The last sentence of section 514(c)(9)(B) (relating to exceptions) is amended by striking out "would be unrelated business taxable income (determined without regard to this paragraph)" and inserting in lieu thereof "is unrelated business taxable income". (2) Clause (i) of section 514(c)(9)(C) is amended by striking out "section 509(a)" and inserting in lieu thereof "section 509(a)(3)". (3) Clause (vi) of section 514(c)(9)(B) is amended to read as follows:

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