Page:United States Statutes at Large Volume 111 Part 1.djvu/1111

 PUBLIC LAW 105-34—AUG. 5, 1997 111 STAT. 1087 (b) AMENDMENT RELATED TO SUBTITLE B.—Subsection (c) of section 52 is amended by striking "targeted jobs credit" and inserting "work opportunity credit". (c) AMENDMENTS RELATED TO SUBTITLE C— (1) AMENDMENT RELATED TO SECTION 1302.—Subparagraph (B) of section 1361(e)(1) is amended by striking "and" at the end of clause (i), striking the period at the end of clause (ii) and inserting ", and", and adding at the end the following new clause: "(iii) any charitable remainder annuity trust or charitable remainder unitrust (as defined in section 664(d)).". (2) EFFECTIVE DATE FOR SECTION 1307. — 26 USC 1377 (A) Notwithstanding section 1317 of the Small Business note. Job Protection Act of 1996, the amendments made by subsections (a) and (b) of section 1307 of such Act shall apply to determinations made after December 31, 1996. (B) In no event shall the 120-day period referred to in section 1377(b)(1)(B) of the Internal Revenue Code of 1986 (as added by such section 1307) expire before the end of the 120-day period beginning on the date of the enactment of this Act. (3) AMENDMENT RELATED TO SECTION 1308. —Subparagraph (A) of section 1361(b)(3) is amended by striking "For purposes of this title" and inserting "Except as provided in regulations prescribed by the Secretary, for purposes of this title". (4) AMENDMENTS RELATED TO SECTION 1316. — (A) Paragraph (2) of section 512(e) is amended by striking "within the meaning of section 1012" and inserting "as defined in section 1361(e)(1)(C)". (B) Paragraph (7) of section 1361(c) is redesignated as paragraph (6). (C) Subparagraph (B) of section 1361(b)(1) is amended by striking "subsection (c)(7)" and inserting "subsection (c)(6)". (D) Paragraph (1) of section 512(e) is amended by striking "section 1361(c)(7)" and inserting "section 1361(c)(6)". (d) AMENDMENTS RELATED TO SUBTITLE D. — (1) AMENDMENTS RELATED TO SECTION 1421.— (A) Subsection (i) of section 408 is amended in the last sentence by striking "30 days" and inserting "31 days". (B) Subparagraph (H) of section 408(k)(6) is amended by striking "if the terms of such pension" and inserting "of an employer if the terms of simplified employee pensions of such employer". (C)(i) Subparagraph (B) of section 408(1)(2) is amended— (I) by inserting "and the issuer of an annuity established under such an arrangement" after "under subsection (p)", and (II) in clause (i), by inserting "or issuer" after "trustee". (ii) Paragraph (2) of section 6693(c) is amended— (I) by inserting "or issuer" after "trustee", and (II) in the heading, by inserting "AND ISSUER" after "trustee".

�