Page:United States Statutes at Large Volume 111 Part 1.djvu/1078

 Ill STAT. 1054 PUBLIC LAW 105-34—AUG. 5, 1997 SEC. 1443. REPEAL OF DEBT SERVICE-BASED LIMITATION ON INVEST- MENT IN CERTAIN NONPURPOSE INVESTMENTS. Subsection (d) of section 148 (relating to special rules for reasonably required reserve or replacement fund) is amended by striking paragraph (3). SEC. 1444. REPEAL OF EXPIRED PROVISIONS. (a) Paragraph (2) of section 148(c) is amended by striking subparagraph (B) and by redesignating subparagraphs (C), (D), and (E) as subparagraphs (B), (C), and (D), respectively. (b) Paragraph (4) of section 148(f) is amended by striking subparagraph (E), 26 USC 148 note. SEC. 1445. EFFECTIVE DATE. The amendments made by this subtitle shall apply to bonds issued after the date of the enactment of this Act. Subtitle C—Tax Court Procedures SEC, 1461. OVERPAYMENT DETERMINATIONS OF TAX COURT. (a) APPEAL OF ORDER.— Paragraph (2) of section 6512(b) (relating to jurisdiction to enforce) is amended by adding at the end the following new sentence: "An order of the Tax Court disposing of a motion under this paragraph 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.". (b) DENIAL OF JURISDICTION REGARDING CERTAIN CREDITS AND REDUCTIONS. —Subsection (b) of section 6512 (relating to overpay- ment determined by Tax Court) is amended by adding at the end the following new paragraph: "(4) DENIAL OF JURISDICTION REGARDING CERTAIN CREDITS AND REDUCTIONS. — The Tax Court shall have no jurisdiction under this subsection to restrain or review any credit or reduction made by the Secretary under section 6402,". 26 USC 6512 (c) EFFECTIVE DATE.—The amendments made by this section note. shall take effect on the date of the enactment of this Act. SEC. 1452. REDETERMINATION OF INTEREST PURSUANT TO MOTION. (a) IN GENERAL. —Subsection (c) of section 7481 (relating to jurisdiction over interest determinations) is amended to read as follows: "(c) JURISDICTION OVER INTEREST DETERMINATIONS.— "(1) IN GENERAL. —Notwithstanding subsection (a), if, within 1 year after the date the decision of the Tax Court becomes final under subsection (a) in a case to which this subsection applies, the taxpayer files a motion in the Tax Court for a redetermination of the amount of interest involved, then the Tax Court may reopen the case solely to determine whether the taxpayer has made an overpayment of such interest or the Secretary has made an underpayment of such interest and the amount thereof. "(2) CASES TO WHICH THIS SUBSECTION APPLIES.— T h is subsection shall apply where— "(A)(i) an assessment has been made by the Secretary under section 6215 which includes interest as imposed by this title, and

�