Page:United States Statutes at Large Volume 111 Part 1.djvu/818

 Ill STAT. 794 PUBLIC LAW 105-34—AUG. 5, 1997 Sec. 1233. Provisions relating to statute of limitations. Sec. 1234. Expansion of small partnership exception. Sec. 1235. Exclusion of partial settlements from 1-year limitation on assessment. Sec. 1236. Extension of time for filing a request for administrative adjustment. Sec. 1237. Availability of innocent spouse relief in context of partnership proceedings. Sec. 1238. Determination of penalties at partnership level. Sec. 1239. Provisions relating to court jurisdiction, etc. Sec. 1240. Treatment of premature petitions filed by notice partners or 5-percent groups. Sec. 1241. Bonds in case of appeals from certain proceeding. Sec. 1242. Suspension of interest where delay in computational adjustment resulting from certain settlements. Sec. 1243. Special rules for administrative adjustment requests with respect to bad debts or worthless securities. PART III—PROVISION RELATING TO CLOSING OF PARTNERSHIP TAXABLE YEAR WITH RESPECT TO DECEASED PARTNER, ETC. Sec. 1246. Closing of partnership taxable year with respect to deceased partner, etc. Subtitle D—Provisions Relating to Real Estate Investment Trusts Sec. 1251. Clarification of limitation on maximum number of shareholders. Sec. 1252. De minimis rule for tenant services income. Sec. 1253. Attribution rules applicable to stock ownership. Sec. 1254. Credit for tax paid by REIT on retained capital gains. Sec. 1255. Repeal of 30-percent gross income requirement. Sec. 1256. Modification of earnings and profits rules for determining whether REIT has earnings and profits from non-REIT year. Sec. 1257. Treatment of foreclosure property. Sec. 1258. Payments under hedging instruments. Sec. 1259. Excess noncash income. Sec. 1260. Prohibited transaction safe harbor. Sec. 1261. Shared appreciation mortgages. Sec. 1262. Wholly owned subsidiaries. Sec. 1263. Effective date. Subtitle E—Provisions Relating to Regulated Investment Companies Sec. 1271. Repeal of 30-percent gross income limitation. Subtitle F—Taxpayer Protections Sec. 1281. Reasonable cause exception for certain penalties. Sec. 1282. Clarification of period for filing claims tor refunds. Sec. 1283. Repeal of authority to disclose whether prospective juror has been audited. Sec. 1284. Clarification of statute of limitations. Sec. 1285. Awarding of administrative costs. TITLE XIII—SIMPLIFICATION PROVISIONS RELATING TO ESTATE AND GIFT TAXES Sec. 1301. Gifts to charities exempt from gift tax filing requirements. Sec. 1302. Clarification of waiver of certsdn rights of recovery. Sec. 1303. Transitional rule under section 2056A. Sec. 1304. Treatment for estate tax purposes of short-term obligations held by nonre sident aliens. Sec. 1305. Certain revocable trusts treated as part of estate. Sec. 1306. Distributions during first 65 days of taxable year of estate. Sec. 1307. Separate share rules available to estates. Sec. 1308. Executor of estate and beneficiaries treated as related persons for disallowance of losses, ete. Sec. 1309. Treatment of funeral trusts. Sec. 1310. Adjustments for gifts within 3 years of decedent's death. Sec. 1311. Clarification of treatment of survivor annuities under qualified terminable interest rules. Sec. 1312. Treatment under qualified domestic trust rules of forms of ownership which are not trusts. Sec. 1313. Opportunity to correct certain failures under section 2032A. Sec. 1314. Authority to waive requirement of United States trustee for qualified domestic trusts.

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