Page:United States Statutes at Large Volume 119.djvu/1078

 119 STAT. 1060

PUBLIC LAW 109–58—AUG. 8, 2005

on the date of the enactment of the Superfund Amendments and Reauthorization Act of 1986.’’. (d) EFFECTIVE DATES.— (1) IN GENERAL.—Except as provided in paragraph (2), the amendments made by this section shall take effect on October 1, 2005. (2) NO EXEMPTION.—The amendments made by subsection (b) shall apply to fuel entered, removed, or sold after September 30, 2005.

26 USC 4041 note.

SEC. 1363. MODIFICATION OF RECAPTURE RULES FOR AMORTIZABLE SECTION 197 INTANGIBLES.

(a) IN GENERAL.—Subsection (b) of section 1245 (relating to gain from dispositions of certain depreciable property) is amended by adding at the end the following new paragraph: ‘‘(9) DISPOSITION OF AMORTIZABLE SECTION 197 INTANGIBLES.— ‘‘(A) IN GENERAL.—If a taxpayer disposes of more than 1 amortizable section 197 intangible (as defined in section 197(c)) in a transaction or a series of related transactions, all such amortizable 197 intangibles shall be treated as 1 section 1245 property for purposes of this section. ‘‘(B) EXCEPTION.—Subparagraph (A) shall not apply to any amortizable section 197 intangible (as so defined) with respect to which the adjusted basis exceeds the fair market value.’’. (b) EFFECTIVE DATE.—The amendment made by this section shall apply to dispositions of property after the date of the enactment of this Act.

26 USC 1245 note.

SEC. 1364. CLARIFICATION OF TIRE EXCISE TAX.

26 USC 4072 note.

Effective date.

VerDate 14-DEC-2004

08:19 Oct 26, 2006

(a) IN GENERAL.—Section 4072(e) (defining super single tire) is amended by adding at the end the following: ‘‘Such term shall not include any tire designed for steering.’’ (b) EFFECTIVE DATE.—The amendment made by this section shall take effect as if included in section 869 of the American Jobs Creation Act of 2004. (c) STUDY.— (1) IN GENERAL.—With respect to the 1-year period beginning on January 1, 2006, the Secretary of the Treasury shall conduct a study to determine— (A) the amount of tax collected during such period under section 4071 of the Internal Revenue Code of 1986 with respect to each class of tire, and (B) the number of tires in each such class on which tax is imposed under such section during such period. (2) REPORT.—Not later than July 1, 2007, the Secretary of the Treasury shall submit to Congress a report on the study conducted under paragraph (1).

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