Page:United States Statutes at Large Volume 114 Part 5.djvu/1047

 PUBLIC LAW 106-573—DEC. 28, 2000 114 STAT. 3061 Public Law 106-573 106th Congress An Act Dec. 28, 2000 To repeal the modification of the instalhnent method. [H.R. 3594] Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, Installment Tax Correction Act of SECTION 1. SHORT TITLE. 2000. This Act may be cited as the "Installment Tax Correction 26 USC lnote. Act of 2000". SEC. 2. REPEAL OF MODIFICATION OF INSTALLMENT METHOD. 26 USC 453 note. (a) IN GENERAL. — Subsection (a) of section 536 of the Ticket to Work and Work Incentives Improvement Act of 1999 (relating 26 USC 453. to modification of installment method and repeal of installment method for accrual method taxpayers) is repealed effective with respect to sales and other dispositions occurring on or after the date of the enactment of such Act. (b) APPLICABILITY. — The Internal Revenue Code of 1986 shall be applied and administered as if that subsection (and the amendments made by that subsection) had not been enacted. Approved December 28, 2000. LEGISLATIVE HISTORY—H.R. 3594: CONGRESSIONAL RECORD, Vol. 146 (2000): Dec. 15, considered and passed House and Senate.

�