Page:United States Statutes at Large Volume 102 Part 4.djvu/782

 102 STAT. 3752

PUBLIC LAW 100-647—NOV. 10, 1988

"(2) there is treated as an administrative expense under section 2053 either— "(A) any amount of interest which a decedent's estate pays on any portion of the tax imposed by section 2001 on such estate for which the time of payment is extended under section 6166, or "(B) interest on any estate, succession, legacy, or inheritance tax imposed by a State on such estate during the period of the extension of time for payment under section 6166, then, upon a motion by the petitioner in such case in which such time for payment of tax has been extended under section 6166, the Tax Court may reopen the case solely to modify the Court's decision to reflect such estate's entitlement to a deduction for such administration expenses under section 2053 and may hold further trial solely with respect to the claim for such deduction if, within the discretion of the Tax Court, such a hearing is deemed necessary. An order of the Tax Court disposing of a motion under this subsection shall be reviewable in the same manner as a decision of the Tax Court, but only with respect to the matters determined in such order." ft>) CONFORMING AMENDMENTS.—

26 USC 6512 note.

(1) Section 6512(a) of the 1986 Code (relating to effect of petition to Tax Court), as amended by this part, is further amended by striking out "interest)" and inserting in lieu thereof "interest or section 7481(d) solely with respect to a determination of estate tax by the 'Tax Court)". (2) Subsection (a) of section 7481 of the 1986 C!ode, as amended by this part, is further amended by striking out "subsections (b) and (c)' and inserting in lieu thereof "subsections (b), (c), and (d)". (c) EFFECTIVE DATE.—The amendments made by this section shall be effective with respect to Tax Court cases for which the decision is not final on the date of the enactment of this Act.

Subtitle K—Other Administrative Provisions SEC. 6251. EXCHANGE OF INFORMATION.

Clause (i) of section 6103(b)(5)(B) of the 1986 Code (defining State) is amended by striking out "2,000,000" and inserting in lieu thereoif "250,000". SEC. 6252. PROVISIONS RELATING TO PREVIOUSLY REQUIRED STUDIES. (a) REPEAL OF REQUIREMENT FOR CERTAIN STUDIES.—

26 USC 61 note.

(1) PIK STUDY.—Section 6 of the Payment-in-Kind Tcix Treatment Act of 1983 is hereby repealed. (2) ACCOUNTING METHODS FOR INVENTORY.—Section 238 of the

26 USC 471 note. 26 USC 936 note.

Economic Recovery Tax Act of 1981 is hereby repealed. (b) CHANGES IN DUE DATES FOR CERTAIN PERIODIC STUDIES.— (1) REPORTS ON POSSESSIONS CORPORATIONS.—Effective for

reports for calendar years after 1982, subsection (a) of section 441 of the Tax Reform Act of 1984 is amended by striking out •'shall," and all that follows through "setting forth" and inserting in lieu thereof "shall, during 1988 and each fourth calendar year thereafter, submit a report to the Congress (using the most recent information available) setting forth".

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