Page:United States Statutes at Large Volume 102 Part 4.djvu/603

 PUBLIC LAW 100-647—NOV. 10, 1988

102 STAT. 3573

(3) Subsection (h) of section 6211 of the 1986 Code is amended by striking out paragraph (3) and by redesignating paragraph (4) as paragraph (3). (4) The amendments made by this subsection shall apply to 26 USC 6201 notices of deficiencies mailed after the date of the enactment of note. this Act. (s) NoncB OP LIEN ON PEHSONAL PROPERTY.—

(1) Subsection (f) of section 6323 of the 1986 Code is amended— (A) by inserting ", except that State law merely conforming to or reenacting Federal law establishing a national filing system does not constitute a second office for filing as designated by the laws of such State" after "situated" in paragraph (IXAXiiX and (B) by adding at the end thereof the following new paragraph: "(5) NATIONAL FILING SYSTEMS.—The filing of a notice of lien shall be governed solely by this title and shall not be subject to any other Federal law establishing a place or places for the filing of liens or encumbrances under a national filing system." (2) The amendments made by this subsection shall take effect Effective date. 26 USC 6323 on the date oftibeenactment of this Act. (t) EFFECT OF HONORING LEVY.—

note.

(1) Subsection (d) of section 6332 of the 1986 Code is amended— (A) by inserting "and any other person" after "delinquent taxpayer", and (B) by striking out the last sentence thereof. (2) The amendment made by this subsection shall apply to 26 USC 6332 note. levies issued after the date of the enactment of this Act. (u) COLLECTION AFTER COMMENCEMENT OF JUDICIAL PROCEEDINGS.—

(1) The last sentence of section 6502(a) of the 1986 Code is amended to read as follows: "If a timely proceeding in court for the collection of a tax is commenced, the period during which such tax may be collected by levy shall be extended and shall not expire until the liability for the tax (or a judgment against the taxpayer arising from such liability) is satisfied or becomes enforceable." (2) The amendment made by this subsection shall apply to 26 USC 6502 note. levies issued after the date of the enactment of this Act. SEC 1016. AMENDMENTS RELATED TO TITLE XVI OF THE REFORM ACT. (a) AMENDMENTS RELATED TO SECTION 1603 OF THE REFORM ACT.—

(I)(A) Subparagraph (A) of section 501(c)(25) of the 1986 Code ia amended by adding at the end thereof the following new sentence: "For purposes of clause (iii), the term 'real property* shall not include any interest as a tenant in common (or similar interest) and shall not include any indirect interest" (B) The amendment made by subparagraph (A) shall apply Real property, ¥rith respect to property acquired by the organization after June contracts. 10, 1987, except that such amendment shall not apply to any eorporations. 26 USC 501 note. property acquired after June 10, 1987, pursuant to a binding written contract in effect on June 10, 1987, and at all times thereafl:er before such acquisition.

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