Page:United States Statutes at Large Volume 110 Part 3.djvu/140

 110 STAT. 1870 PUBLIC LAW 104-188—AUG. 20, 1996 year is affected by the treatment of the transaction to which the summons relates.". (6) Subparagraph (A) of section 6621(c)(2) is amended by adding at the end thereof the following new flush sentence: "The preceding sentence shall be applied without regard to any such letter or notice which is withdrawn by the Secretary.". (7) Clause (i) of section 6621(c)(2)(B) is amended by striking "this subtitle" and inserting "this title". (d) AMENDMENTS RELATED TO SUBTITLE D.— 26 USC 41 note. (1) Notwithstanding section 11402(c) of the Revenue Reconciliation Act of 1990, the amendment made by section 11402(b)(1) of such Act shall apply to taxable years ending after December 31, 1989. (2) Clause (ii) of section 143(m)(4)(C) is amended— (A) by striking "any month of the 10-year period" and inserting "any year of the 4-year period", (B) by striking "succeeding months" and inserting "succeeding years", and (C) by striking "over the remainder of such period (or, if lesser, 5 years)" and inserting "to zero over the succeeding 5 years". (e) AMENDMENTS RELATED TO SUBTITLE E.— (1)(A) Clause (ii) of section 56(d)(1)(B) is amended to read as follows: "(ii) appropriate adjustments in the application of section 172(b)(2) shall be made to take into account the limitation of subparagraph (A).". 26 USC 56 note. (B) For purposes of applying sections 56(g)(1) and 56(g)(3) of the Internal Revenue Code of 1986 with respect to taxable years beginning in 1991 and 1992, the reference in such sections to the alternative tax net operating loss deduction shall be treated as including a reference to the deduction under section 56(h) of such Code as in effect before the amendments made by section 1915 of the Energy Policy Act of 1992. (2) Clause (i) of section 613A(c)(3)(A) is amended by striking "the table contained in". (3) Section 6501 is amended— (A) by striking subsection (m) (relating to deficiency attributable to election under section 44B) and by redesignating subsections (n) and (o) as subsections (m) and (n), respectively, and (B) by striking "section 40(f) or 51(j)" in subsection (m) (as redesignated by subparagraph (A)) and inserting "section 40(f), 43, or 51(j)". (4) Subparagraph (C) of section 38(c)(2) (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990) is amended by inserting before the period at the end of the first sentence the following: "and without regard to the deduction under section 56(h)". 26 USC 53 note. (5) The amendment made by section 1913(b)(2)(C)(i) of the Energy Policy Act of 1992 shall apply to taxable years beginning after December 31, 1990. (f) AMENDMENTS RELATED TO SUBTITLE F. — (1)(A) Section 2701(a)(3) is amended by adding at the end thereof the following new subparagraph:

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