Page:United States Statutes at Large Volume 102 Part 4.djvu/639

 PUBLIC LAW 100-647—NOV. 10, 1988

102 STAT. 3609

(2)(A) Subparagraph (B) of section 842(b)(3) of the 1986 Code is amended by striking out "held for the production of such income". (B) Subparagraph (B) of section 842(b)(4) of the 1986 Code is amended by striking out "held for the production of investment income". (3) Subparagraph (d) of section 842 of the 1986 Code is amended by striking out "and" at the end of paragraph (2), by striking out the period at the end of paragraph (3) and inserting in lieu thereof ", and", and by adding at the end thereof the following new paragraph: "(4) which may provide that, in the case of companies taxable under part II of this subchapter, determinations under subsection (b) will be made separately for cat^ories of such companies established in such r^ulations." (r) AMENDMENT RELATED TO SECTION 10301

OP THE ACT.—Para-

graph (3) of section 6655(g) of the 1986 Code is amended by striking the sentence following subparagraph (Q and inserting in lieu thereof the following: "In the case of any organization described in subparagraph (A), subsection 0>X2XA) shall be applied by substituting '5th month' for '3rd month', and subsection (e)(2)(A) shall be applied by substituting '2 months' for '3 months' and in clause (i)(D, by substituting '4 months' for '5 months' in clause (i)(II)> by substituting '7 months' for '8 months' in clause (i)(HI), and by substituting '10 months' for *11 months' in clause (i)(IV)". (s) AMENDMENTS RELATED TO SECTION 10502 OF THE ACT.— (1) Section 4093 of the 1986 Code is amended by redesignating subsections (d) and (e) as subsections (e) and (f), respectively, and by inserting after subsection (c) the following new subsection: "(d) CERTAIN AVIATION FUEL SALES.—Under r^ulations prescribed by the Secretary, the Leaking Underground Storage Tank Trust Fund financing rate under section 4091 shall not apply to aviation fuel sold for use or used as supplies for vessels or aircraft (within the meaning of section 4221(d)(3))." (2) Subparagraph (B) of section 64270X3) of the 1986 Code (relating to no refund of Leaking Underground Storage Tank Trust Fund financing tax) is amended by inserting "(except as supplies for vessels or aircraft within the meaning of section 4221(d)(3))" after "aircraft". (3) Section 6427 of the 1986 Code is amended by redesignating the subsection (p) relating to gasoline used in noncommercial aviation during period rate reduction in effect and subsection (q) (relating to cross references) as subsections (q) and (r), respectively. (t) AMQIIDMENTS RELATED TO SECTION 10512 OF THE ACT.—

(1) Section 5276 of the 1986 Code is amended by adding at the end thereof the following new subsection: "(c) EXCEPTION FOR UNITED STATES.—Subsection (a) shall not apply to any permit issued to an agency or instrumentality of the United States." (2) Subsection (a) of section 5113 of the 1986 Code is amended— (A) by inserting "taxpaid wine bottling house," after "bonded wine cellar," each place it appears, and

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