Page:United States Statutes at Large Volume 111 Part 1.djvu/961

 PUBLIC LAW 105-34—AUG. 5, 1997 111 STAT. 937 control where 1 or more of such persons is not a corporation. (7) COORDINATION WITH SECTION 4081.— No tax shall be imposed by paragraph (1) on kerosene to the extent that tax has been (or will be) imposed on such kerosene under section 4081 or 4091 of such Code. (8) OTHER LAWS APPLICABLE. — All provisions of law, including penalties, applicable with respect to the taxes imposed by section 4081 of such Code shall, insofar as applicable and not inconsistent with the provisions of this subsection, apply with respect to the floor stock taxes imposed by paragraph (1) to the same extent as if such taxes were imposed by such section 4081. SEC. 1033. RESTORATION OF LEAKING UNDERGROUND STORAGE TANK TRUST FUND TAXES. Paragraph (3) of section 4081(d) is amended by striking "shall not apply after December 31, 1995" and inserting "shall apply after September 30, 1997, and before April 1, 2005". SEC. 1034. APPLICATION OF COMMUNICATIONS TAX TO PREPAID TELE- PHONE CARDS. (a) IN GENERAL.—Section 4251 is amended by adding at the end the following new subsection: " (d) TREATMENT OF PREPAID TELEPHONE CARDS.— "(1) IN GENERAL.— For purposes of this subchapter, in the case of communications services acquired by means of a prepaid telephone card— "(A) the face amount of such card shall be treated as the amount paid for such communications services, and "(B) that amount shall be treated as paid when the card is transferred by any telecommunications carrier to any person who is not such a carrier. "(2) DETERMINATION OF FACE AMOUNT IN ABSENCE OF SPECI- FIED DOLLAR AMOUNT. —In the case of any prepaid telephone card which entitles the user other than to a specified dollar amount of use, the face amount shall be determined under regulations prescribed by the Secretary. "(3) PREPAID TELEPHONE CARD.— For purposes of this subsection, the term 'prepaid telephone card' means any card or other similar arrangement which permits its holder to obtain communications services and pay for such services in advance.". (b) EFFECTIVE DATE. —The amendments made by this section 26 USC 4251 shall apply to amounts paid in calendar months beginning more note. than 60 days after the date of the enactment of this Act. SEC. 1035. EXTENSION OF TEMPORARY UNEMPLOYMENT TAX. Section 3301 (relating to rate of unemployment tax) is amended— (1) by striking "1998" in paragraph (1) and inserting "2007", and (2) by striking "1999" in paragraph (2) and inserting "2008". 39-194O-97-31:QL3Part1

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