Page:United States Statutes at Large Volume 103 Part 3.djvu/359

 PUBLIC LAW 101-239—DEC. 19, 1989 103 STAT. 2427 ,;n Code of 1986 (as added by this section) and the amendment made by subsection (b)(1) shall not apply to interest costs which are allocable to any property— . (2) If any interest costs incurred after December 31, 1986, are 26 USC 263A attributable to costs incurred before January 1, 1987, the ^^*^- amendments made by section 803 of the Tax Reform Act of 1986 shall apply to such interest costs only to the extent such in- terest costs are attributable to costs which were required to be capitalized under section 263 of the Internal Revenue Code of 1954 and which would have been taken into account in applying section 189 of the Internal Revenue Code of 1954 (as in effect before its repeal by section 803 of the Tax Reform Act of 1986) or, if applicable, section 266 of such Code. (e) APPLICATION OF FUTURE LEGISLATION TO TRANSITIONED 26 USC I41 note. BONDS.— Section 1318 of the Tax Reform Act of 1986 is amended by adding at the end the following new paragraph: "(8) APPLICATION OF FUTURE LEGISLATION TO TRANSITIONED BONDS. —In the case of any bond to which the amendments made by section 1301 do not apply by reason of a provision of this Act, any amendment of the 1986 Code (and any other provision applicable to such Code) included in any law enacted after October 22, 1986, shall be treated as included in section 103 and section 103A (as appropriate) of the 1954 Code with respect to such bond unless— "(A) such law expressly provides that such amendment (or other provision) shall not apply to such bond, or "(B) such amendment (or other provision) applies to a provision of the 1986 Code— "(i) for which there is no corresponding provision in section 103 and section 103A (as appropriate) of the 1954 Code, and "(ii) which is not otherwise treated as included in such sections 103 and 103A with respect to such bond." (f) AMENDMENT RELATED TO SECTION 1114 OF THE 1986 ACT, — Subparagraphs (A) and (B) of section 1114(b)(9) of the Tax Reform Act of 1986 are each amended by striking "consist of supervising" 26 USC 406,407. and inserting "consist in supervising". (g) EFFECTIVE DATE. —Any amendment made by this section shall 26 USC i note. take effect as if included in the provision of the Tax Reform Act of 1986 to which such amendment relates. PART IV—MISCELLANEOUS CHANGES SEC. 7841. MISCELLANEOUS CHANGES. (a) AMENDMENT RELATED TO TRANSFERS INCIDENT TO DIVORCE OR SEPARATION. — (1) Paragraph (6) of section 408(d) is amended by striking "his former spouse under a divorce decree or under a written in- strument incident to such divorce" and inserting "his spouse or former spouse under a divorce or separation instrument de- scribed in subparagraph (A) of section 71(b)(2)". (2) Subsection (p) of section 414 is amended by redesignating paragraph (11) as paragraph (12) and by inserting after para- graph (10) the following new paragraph: "(11) APPLICATION OF RULES TO GOVERNMENTAL AND CHURCH PLANS.— For purposes of this title, a distribution or payment

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