Page:United States Statutes at Large Volume 111 Part 1.djvu/948

 Ill STAT. 924 PUBLIC LAW 105-34—AUG. 5, 1997 "(A) any Federal payment other than a payment for which eligibihty is based on the income or assets (or both) of a payee, "(B) any payment described in paragraph (4), (7), (9), or (11) of section 6334(a), and "(C) any annuity or pension pa3anent under the Railroad Retirement Act or benefit under the Railroad Unemployment Insurance Act.". 26 USC 6331 (b) EFFECTIVE DATE. —The amendment made by subsection (a) note. shall apply to levies issued after the date of the enactment of this Act. SEC. 1025. MODIFICATION OF LEVY EXEMPTION. (a) IN GENERAL.—Section 6334 (relating to property exempt from levy) is amended by redesignating subsection (f) as subsection (g) and by inserting after subsection (e) the following new subsection: "(f) LEVY ALLOWED ON CERTAIN SPECIFIED PAYMENTS.—Any payment described in subparagraph (B) or (C) of section 6331(h)(2) shall not be exempt from levy if the Secretary approves the levy thereon under section 6331(h).". 26 USC 6334 (b) EFFECTIVE DATE.—The amendment made by subsection (a) note. shall apply to levies issued after the date of the enactment of this Act. SEC. 1026. CONFIDENTIALITY AND DISCLOSURE OF RETURNS AND RETURN INFORMATION. (a) IN GENERAL. —Subsection (k) of section 6103 is amended by adding at the end the following new paragraph: "(8) LEVIES ON CERTAIN GOVERNMENT PAYMENTS. — "(A) DISCLOSURE OF RETURN INFORMATION IN LEVIES ON FINANCIAL MANAGEMENT SERVICE.—In serving a notice of levy, or release of such levy, with respect to any applicable government payment, the Secretary may disclose to officers and employees of the Financial Management Service— "(i) return information, including taxpayer identity information, "(ii) the amount of any unpaid liability under this title (including penalties and interest), and "(iii) the type of tax and tax period to which such unpaid liability relates. " (B) RESTRICTION ON USE OF DISCLOSED INFORMA- TION. — Return information disclosed under subparagraph (A) may be used by officers and employees of the Financial Msmagement Service only for the purpose of, and to the extent necessary in, transferring levied funds in satisfaction of the levy, maintaining appropriate agency records in regard to such levy or the release thereof, notifying the taxpayer and the agency certifying such payment that the levy has been honored, or in the defense of any litigation ensuing from the honor of such levy. " (C) APPLICABLE GOVERNMENT PAYMENT.— For purposes of this paragraph, the term 'applicable government pay- ment' means— "(i) any Federal pa3anent (other than a payment for which eligibility is based on the income or assets

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