Page:United States Statutes at Large Volume 112 Part 4.djvu/940

 112 STAT. 2681-911 PUBLIC LAW 105-277—OCT. 21, 1998 described in paragraph (2) or (3) of section 165(c) or for losses described in section 165(d)". (2) Paragraph (3) of section 68(c) of the 1986 Code is amended by striking "for losses described in subsection (c)(3) or (d) of section 165" and inserting "for casualty or theft losses described in paragraph (2) or (3) of section 165(c) or for losses described in section 165(d)". (3) Paragraph (1) of section 873(b) is amended to read as follows: "(1) LOSSES. — The deduction allowed by section 165 for casualty or theft losses described in paragraph (2) or (3) of section 165(c), but only if the loss is of property located within the United States." Applicability. (c) EFFECTIVE DATES. — 26 USC 172 note. (1) The amendments made by subsections (a) and (b)(3) shall apply to taxable years beginning after December 31, 1983. 26 USC 67 note. (2) The amendment made by subsection (b)(1) shall apply to taxable years beginning after December 31, 1986. 26 USC 68 note. (3) The amendment made by subsection (b)(2) shall apply to taxable years beginning after December 31, 1990. SEC. 4005. AMENDMENTS RELATED TO URUGUAY ROUND AGREEMENTS ACT. (a) INAPPLICABILITY OF ASSIGNMENT PROHIBITION. —Section 207 of the Social Security Act (42 U.S.C. 407) is amended by adding at the end the following new subsection: "(c) Nothing in this section shall be construed to prohibit withholding taxes from any benefit under this title, if such withholding is done pursuant to a request made in accordsmce with section 3402(p)(l) of the Internal Revenue Code of 1986 by the person entitled to such benefit or such person's representative payee.". (b) PROPER ALLOCATION OF COSTS OF WITHHOLDING BETWEEN THE TRUST FUNDS AND THE GENERAL FUND.— Section 201(g) of such Act (42 U.S.C. 401(g)) is amended— (1) by inserting before the period in paragraph (l)(A)(ii) the following: "and the functions of the Social Security Administration in connection with the withholding of taxes from benefits, as described in section 207(c), pursuant to requests by persons entitled to such benefits or such persons' representative payee"; (2) by inserting before the period at the end of paragraph (1)(A) the following: "and the functions of the Social Security Administration in connection with the withholding of taxes from benefits, as described in section 207(c), pursuant to requests by persons entitled to such benefits or such persons' representative payee"; (3) in paragraph (l)(B)(i)(I), by striking "subparagraph (A))," and inserting "subparagraph (A)) and the functions of the Social Security Administration in connection with the withholding of taxes from benefits, as described in section 207(c), pursuant to requests by persons entitled to such benefits or such persons' representative payee,"; (4) in paragraph (l)(C)(iii), by inserting before the period the following: "and the functions of the Social Security Administration in connection with the withholding of taxes from benefits, as described in section 207(c), pursuant to requests by

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