Page:United States Statutes at Large Volume 101 Part 2.djvu/1177

 PUBLIC LAW 100-203—DEC. 22, 1987

101 STAT. 1330-383

Subtitle B—Business Provisions PART I—ACCOUNTING PROVISIONS

Sec. 10201. Repeal of reserve for accrual of vacation pay. Sec. 10202. Provisions relating to installment sales. Sec. 10203. Reduction in percentage of items taken into account under completed contract method. Sec. 10204. Amortization of past service pension costs. Sec. 10205. Certain farm corporations required to use accrual method of accounting. Sec. 10206. Entities may elect taxable years other than required taxable year. PART II—PARTNERSHIP PROVISIONS

Sec. Sec. Sec. Sec. Sec.

10211. 10212. 10213. 10214. 10215.

Certain publicly traded partnerships treated as corporations. Treatment of publicly traded partnerships under section 469. Treatment of publicly traded partnerships for unrelated business tax. Treatment of certain partnership allocations. Study. PART III—CORPORATE PROVISIONS

Sec. 10221. Reduction in dividends received deduction for dividends from corporations not 20-percent owned. Sec. 10222. Certain earnings and profits adjustments not to apply for certain purposes. Sec. 10223. Treatment of mirror subsidiary transactions. Sec. 10224. Benefits of graduated corporate rates not allowed to personal service corporations. Sec. 10225. Amendments to section 382. Sec. 10226. Limitation on use of preacquisition losses to offset built-in gains. Sec. 10227. Recapture of LIFO amount in the case of elections by S corporations. Sec. 10228. Excise tax on receipt of greenmail. PART IV—FOREIGN TAX PROVISIONS

Sec. 10231. Denial of foreign tax credit for taxes paid or accrued to South Africa. PART V—INSURANCE PROVISIONS

Sec. 10241. Interest rate used in computing tax reserves for life insurance companies may not be less than applicable Federal rate. Sec. 10242. Treatment of foreign insurance. Sec. 10243. Treatment of mutual life insurance company policy holder dividends for purposes of book preference. Sec. 10244. Certain insurance sjmdicates. Subtitle C—Estimated Tax Provisions Sec. 10301. Revision of corporate estimated tax provisions. Sec. 10302. Revised withholding certificates required to be put into effect more promptly. Sec. 10303. Estimated tax penalties for 1987. Subtitle D—Estate and Gift Tax Provisions '

PART I—GENERAL PROVISIONS

Sec. 10401. 5-year extension of existing rates; phaseout of benefits of existing rates, and unified credit. Sec. 10402. Inclusion related to valuation freezes. PART II—ESTATE TAX PROVISIONS RELATING TO EMPLOYEE STOCK OWNERSHIP PLANS

Sec. 10411. Congressional clarification of estate tax deduction for sales of employer securities. Sec. 10412. Modifications of estate tax deduction for sale of employer securities. Sec. 10413. Excise tax on plans or cooperatives disposing of employer securities for which estate tax deduction was allowed. Subtitle E—Provisions Relating to Excise Taxes and User Fees PART I—EXCISE TAXES

Sec. 10501. Extension of telephone excise tax. Sec. 10502. Diesel fuel and aviation fuel taxes imposed at wholesale level. Sec. 10503. Extension of temporary increase in amount of tax imposed on coal producers.

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