Page:United States Statutes at Large Volume 102 Part 4.djvu/385

 PUBLIC LAW 100-647—NOV. 10, 1988

102 STAT. 3355

(12) Clause (i) of section 56(a)(l)(C) of the 1986 Code is amended by striking out "do not apply" and inserting in lieu thereof "do not apply by reason of section 203, 204, or 251(d) of such Act" (13) The heading of paragraph (24) of section 381(c) of the 1986 Code is amended by striking out "RECOVERY ALLOWANCE FOR RECOVERY PROPERTY" and inserting in lieu thereof "DEPRECIATION DEDUCTION".

(14) Paragraph (5) of section 48(a) of the 1986 Code is amended— (A) by striking out "168(j)(4)(C)" and inserting in lieu thereof "168(h)(2)(C)", (B) by striking out "168(j)(4)(A)(iii)" and inserting in lieu thereof "168(h)(2)(A)(iii)", (C) by striking out "168(j)(4)(B)" and inserting in lieu thereof "168(h)(2)(B)", (D) by striking out "168(j)(6)" and inserting in lieu thereof "168(i)(3)", (E) by striking out "168(j)(3)(C)(ii)" and inserting in lieu thereof "168(h)(l)(C)(ii)", (F) by striking out "paragraphs (8) and (9) of section 168(j)" and inserting in lieu thereof "paragraphs (5) and (6) of section 168(h)", and (G) by striking out subparagraph (E) and inserting in lieu thereof the following: "(E) CROSS REFERENCE.— "For provision providing special rules for the application of this paragraph and paragraph (4), see section 168(h)."

(15) The last sentence of section 46(e)(3) of the 1986 Code is amended— (A) by striking out "recovery property (within the meaning of section 168)" and inserting in lieu thereof "property to which section 168 applies", (B) by striking out "present class life" and inserting in lieu thereof "class life", and (C) by striking out "168(g)(2)" and inserting in lieu thereof "168(i)(l)". (16XA) Subsection (s) of section 48 of the 1986 Code is amended by adding at the end thereof the following new paragraph: "(9) TERMINATION.—This subsection shall not apply to any property placed in service after December 31, 1985, unless such property is transition property (as defined in section 49(e)(l))." (B) Paragraph (4) of section 168(f) of the 1986 Code is amended to read as follows: "(4) SOUND RECORDINGS.—Any works which result from the fixation of a series of musical, spoken, or other sounds, regardless of the nature of the material (such as discs, tapes, or other phonorecordings) in which such sounds are embodied." (17) Paragraph (7) of section 46(c) of the 1986 Code is amended— (A) by striking out "recovery property" and inserting in lieu thereof "property to which section 168 applies", (B) by striking out "168(c)" each place it appears and inserting in lieu thereof "168(e)",

19-194 O—91—Part 4

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