Page:United States Statutes at Large Volume 100 Part 3.djvu/955

 PUBLIC LAW 99-514—OCT. 22, 1986 ^

100 STAT. 2763)

(2) STATUTE OF LIMITATIONS.—If refund or credit of any amount resulting from the application of the amendment made by subsection (a) is prevented at any time before the close of the date which is 1 year after the date of the enactment of,this Act by the operation of any law or rule of law (including res judicata), refund or credit of such amount (to the extent attributable to the application of the amendment made by subsection (a)) may, nevertheless, be made or allowed if claim therefore is filed before the close of such 1-year period.

SEC. 1565. CERTAIN SERVICECONNECTED EXEMPT FROM LEVY.

DISABILITY

PAYMENTS

(a) EXEMPTION FROM LEVY.—Subsection (a) of section 6334 (relating to the enumeration of property exempt from levy) is amended by adding at the end thereof the following new paragraph: "(10) CERTAIN SERVICE-CONNECTED DISABILITY PAYMENTS.—Any

amount payable to an individual as a service-connected (within the meaning of section 101(16) of title 38, United States Code) disability benefit under— "(A) subchapter II, IV, or VI of chapter 11 of such title 38, "(B) subchapter I, II, or III of chapter 19 of such title 38, or "(C) chapter 21, 31, 32, 34, 35, 37, or 39 of such title 38." (b) EFFECTIVE DATE.—The amendment made by this section shall apply to amounts payable after December 31, 1986. SEC. 1566. INCREASE IN VALUE OF PERSONAL PROPERTY SUBJECT TO CERTAIN LISTING AND NOTICE PROCEDURES.

(a) IN GENERAL.—Section 7325 (relating to personal property valued at $2,500 or less) is amended by striking out "$2,500" each place it appears (including the section heading) and inserting in lieu thereof "$100,000". (b) INCREASE IN AMOUNT OF BOND BY CLAIMANT.—Paragraph (3) of

section 7325 is amended by striking out "$250" and inserting in lieu thereof "$2,500". (c) TECHNICAL AMENDMENT.—Paragraph (4) of section 7103(b) is amended by striking out "$1,000" and inserting in lieu thereof "$100,000". (d) CLERICAL AMENDMENT.—The item relating to section 7325 in the table of sections for part II of subchapter C of chapter 75 is amended by striking out "$2,500" and inserting in lieu thereof "$100,000". (e) EFFECTIVE DATE.—The amendments made by this section shall take effect on the date of the enactment of this Act. SEC. 1567. CERTAIN RECORDKEEPING REQUIREMENTS.

(a) IN GENERAL.—For purposes of sections 132 and 274 of the Internal Revenue Code of 1954, use of an automobile by a special agent of the Internal Revenue Service shall be treated in the same manner as use of an automobile by an officer of any other law enforcement agency. (b) EFFECTIVE DATE.—The provisions of this section shall take effect on January 1, 1985.

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