Page:United States Statutes at Large Volume 102 Part 4.djvu/760

 102 STAT. 3730

26 USC 148 note.

PUBLIC LAW 100-647—NOV. 10, 1988

taxing powers not subordinate to such unit shall, for purposes of applying such subclause to such unit, be treated as not issued by such unit,". 0)) EFFECTIVE DATE.—The amendment made by subsection (a) shall apply to bonds issued after December 31, 1988.

Subtitle I—Provisions Relating to Exempt Organizations 26 USC 513 note.

SEC. 6201. CERTAIN GAMES OF CHANCE NOT TREATED AS UNRELATED TRADE OR BUSINESS.

Section 1834 of the Reform Act is amended by adding at the end thereof the following new sentence: "The amendment made by this section shall apply to games of chance conducted after October 22, 1986, in taxable years ending after such date". SEC. 6202. PURCHASE OF INSURANCE BY COOPERATIVE HOSPITAL SERVICE ORGANIZATIONS. (a) IN GENERAL.—Subparagraph (A) of section 501(e)(l) of the 1986 Code is amended by inserting "(including the purchasing of insurance on a group basis)" after "purchasing". 26 USC 501 note. (b) EFFECTIVE DATE.—The amendment made by subsection (a) shall apply to purchases before, on, or after the date of the enactment of this Act. 26 USC 501 note.

SEC. 6203. CANCELLATION OF CERTAIN DEBTS ORIGINATED BY OR GUARANTEED BY THE UNITED STATES NOT TAKEN INTO ACCOUNT IN DETERMINING TAX EXEMPT STATUS OF CERTAIN ORGANIZATIONS.

Subparagraph (A) of section 501(c)(12) of the 1986 Code shall be applied without taking into account any income attributable to the cancellation of any loan originally made or guaranteed by the United States (or any agency or instrumentality thereof) if such cancellation occurs after 1986 and before 1990. 26 USC 4940 note.

SEC. 6204. DETERMINATION OF OPERATING FOUNDATION STATUS FOR CERTAIN PURPOSES.

For purposes of section 302(c)(3) of the Deficit Reduction Act of 1984, a private foundation which constituted an operating foundation (as defined in section 4942(j)(3) of the Internal Revenue Code of 1986) for its last taxable year ending before January 1, 1983, shall be treated as constituting an operating foundation as of January 1, 1983.

Omnibus

Taxpayer Bill of Rights. 26 USC 1 note.

Subtitle J—Taxpayer Rights and Procedures SEC. 6226. SHORT TITLE.

This subtitle may be cited as the "Omnibus Taxpayer Bill of Rights".

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