Page:United States Statutes at Large Volume 108 Part 6.djvu/442

 108 STAT. 5010 PUBLIC LAW 103-465—DEC. 8, 1994 (4) DISTRIBUTIONS IN COMPLETE UQUIDATION OF PUBLICLY TRADED PARTNERSHIPS.— (A) IN GENERAL.— The amendments made by this section shall not apply to the distribution of a marketable security in a qualified partnership liquidation if— (i) the marketable securities were received by the partnership in a nonrecognition transaction in exchange for substantially all of the assets of the partnership, (ii) the marketable securities are distributed by the partnership within 90 days after their receipt by the partnership, and (iii) the partnership is Hquidated before the beginning of the 1st taxable year of the partnership beginning after December 31, 1997. (B) QUALIFIED PARTNERSHIP UQUIDATION.—For purposes of subparagraph (A), the term "qualified partnership Uquidation'' means— (i) a complete Uquidation of a publicly traded partnership (as defined in section 7704(b) of the Internal Revenue Code of 1986) which is an existing partnership (as defined in section 10211(c)(2) of the Revenue Act of 1987), and (ii) a complete Uquidation of a partnership which is related to a partnership described in clause (i) if such liquidation is related to a complete Uquidation of the partnership described in clause (i). (5) MARKETABLE SECURITIES.—For purposes of this subsection, the term "marketable securities" has the meaning given such term by section 731(c) of the Internal Revenue Code of 1986, as added by this section. SEC. 742. TAXPAYER IDENTIFICATION NUMBERS REQUIRED AT BIRTEL 26 USC 32. (a) EARNED INCOME CREDIT. —Clause (i) of section 32(c)(3)(D) is amended to read as follows: "(i) IN GENERAL. —The requirements of this subparagraph are met if the taxpayer includes the name, age, and TIN of each qualifying child (without regard to this subparagraph) on the return of tax for the taxable year." (b) DEPENDENCY EXEMPTION. —Subsection (e) of section 6109 is amended to read as follows: "(e) FURNISHING NUMBER FOR DEPENDENTS.— Any taxpayer who claims an exemption under section 151 for any dependent on a return for any taxable year shall include on such return the identify- ing number (for purposes of this title) of such dependent." 26 USC 32 note. (c) EFFECTIVE DATE.— (1) IN GENERAL.— Except as provided in paragraph (2), the amendments made by this section shall apply to returns for taxable years beginning after December 31, 1994. (2) EXCEPTION. — The amendments made by this section shall not apply to— (A) returns for taxable years beginning in 1995 with respect to individuals who are born after October 31, 1995, and

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