Page:United States Statutes at Large Volume 111 Part 1.djvu/1070

 Ill STAT. 1046 PUBLIC LAW 105-34—AUG. 5, 1997 26 USC 4003 (b) EFFECTIVE DATE.— The amendments made by subsection "ot^- (a) shall apply to installations on vehicles sold after the date of the enactment of this Act. SEC. 1402. CREDIT FOR TIRE TAX IN LIEU OF EXCLUSION OF VALUE OF TIRES IN COMPUTING PRICE. (a) IN GENERAL. —Subsection (e) of section 4051 is amended to read as follows: "(e) CREDIT AGAINST TAX FOR TIRE TAX. —If— "(1) tires are sold on or in connection with the sale of any article, and "(2) tax is imposed by this subchapter on the sale of such tires, there shall be allowed as a credit against the tax imposed by this subchapter an amount equal to the tax (if any) imposed by section 4071 on such tires.". (b) CONFORMING AMENDMENT. —Subparagraph (B) of section 4052(b)(1) is amended by striking clause (iii), by adding "and" at the end of clause (ii), and by redesignating clause (iv) as clause (iii). 26 USC 4051 (c) EFFECTIVE DATE.—The amendments made by this section note. shall take effect on January 1, 1998. PART II—PROVISIONS RELATED TO DISTILLED SPIRITS, WINES, AND BEER SEC. 1411. CREDIT OR REFUND FOR IMPORTED BOTTLED DISTILLED SPIRITS RETURNED TO DISTILLED SPIRITS PLANT. (a) IN GENERAL. —Section 5008(c)(1) (relating to distilled spirits returned to bonded premises) is amended by striking "withdrawn from bonded premises on payment or determination of tax" and inserting "on which tax has been determined or psdd". 26 USC 5008 (b) EFFECTIVE DATE. —The amendment made by subsection (a) note. shall take effect on the 1st day of the 1st calendar quarter that begins at least 180 days after the date of the enactment of this Act. SEC. 1412. AUTHORITY TO CANCEL OR CREDIT EXPORT BONDS WITH- OUT SUBMISSION OF RECORDS. (a) IN GENERAL. —Section 5175(c) (relating to cancellation of credit of export bonds) is amended by striking "on the submission of and all that follows and inserting "if there is such proof of exportation as the Secretary may by regulations require.". 26 USC 5175 (b) EFFECTIVE DATE. —The amendment made by subsection (a) note. shall take effect on the 1st day of the 1st calendar quarter that begins at least 180 days after the date of the enactment of this Act. SEC. 1413. REPEAL OF REQUIRED MAINTENANCE OF RECORDS ON PREMISES OF DISTILLED SPIRITS PLANT. (a) IN GENERAL.—Section 5207(c) (relating to preservation and inspection) is amended by striking "shall be kept on the premises where the operations covered by the record are carried on and". 26 USC 5207 (b) EFFECTIVE DATE. —The amendment made by subsection (a) note. shall take effect on the 1st day of the 1st calendar quarter that begins at least 180 days after the date of the enactment of this Act.

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