Page:United States Statutes at Large Volume 100 Part 4.djvu/186

 100 STAT. 3114

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PUBLIC LAW 99-554—OCT. 27, 1986

each taxable period after the order for relief under this chapter during which the case is pending. "(c) The issuance, transfer, or exchange of a security, or the making or delivery of an instrument of transfer under a plan confirmed under section 1225 of this title, may not be taxed under any law imposing a stamp tax or similar tax. "(d) The court may authorize the proponent of a plan to request a determination, limited to questions of law, by a State or local governmental unit charged with responsibility for collection or determination of a tax on or measured by income, of the tax effects, under section 346 of this title and under the law imposing such tax, of the plan. In the event of an actual controversy, the court may declare such effects after the earlier of— "(1) the date on which such governmental unit responds to the request under this subsection; or ,, ^^^ "(2) 270 days after such request.". '•''^' SEC. 256. CONVERSION FROM CHAPTER 1 TO CHAPTER 12. 1 Section 1112(d) of title 11, United States Code, is amended— (1) by inserting "12 or" before "13", (2) in paragraph (1) by striking out "and" at the end thereof, (3) in paragraph (2) by striking out the period at the end thereof and inserting "; and", and (4) by inserting after paragraph (2) the following: "(3) if the debtor requests conversion to chapter 12 of this title, such conversion is equitable.". SEC. 257. CONFORMING AMENDMENTS.

(a) Title 11 of the United States Code is amended in the table of chapters by inserting after the item relating to chapter 11 the following new item: "12. A<iiustment of Debts of Family Fanners with Regular Annual Income.. 1201".

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(b) Section 108 of title 11, United States Code, is amended— (1) in subsection (b) by inserting "1201 or" before "1301", and (2) in subsection (c)— (A) by striking out "section 1301" and inserting in lieu thereof "section 1201 or 1301", and (B) by inserting "1201," after "722,". (c) Sections 321(a), 329(b)(l)(B), and 1106(a)(5) of title 11, United States Code, are each amended by striking out "or 13" each place it appears and inserting in lieu thereof ", 12, or 13". (d) Sections 322(a) and 546(a)(l) of title 11, United States Code, are each amended by striking out "or 1302" each place it appears and inserting in lieu thereof "1302, or 1202". (e) Section 327 of title 11, United States Code, is amended— (1) in subsection (b) by inserting ", 1202," after "section 721,", and (2) in subsection (c) by inserting ", 12," after "section 7". (f) Section 330(c) of title 11, United States Code, is amended by inserting "12 or" before "13". (g) Section 346 of title 11, United States Code, is amended— (1) in subsection (b) by inserting ", 12," after "chapter 7", (2) in subsection (g)(l)(C) by inserting "or 12" after "chapter Ri 11", and (3) in subsection (i)(1) by inserting ", 12," after "chapter 7". (h) Section 347 of title 11, United States Code, is amended— •A^r (1) in subsection (a)—. _„. .„_

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