Page:United States Statutes at Large Volume 120.djvu/1055

 120 STAT. 1024

PUBLIC LAW 109–280—AUG. 17, 2006

‘‘(c) DEFINITIONS.—Any term used in this section which is used in section 101(j) shall have the same meaning given such term by section 101(j).’’. (c) CONFORMING AMENDMENTS.— (1) Paragraph (1) of section 101(a) of the Internal Revenue Code of 1986 is amended by striking ‘‘and subsection (f)’’ and inserting ‘‘subsection (f), and subsection (j)’’. (2) The table of sections for subpart A of part III of subchapter A of chapter 61 of such Code is amended by inserting after the item relating to section 6039H the following new item:

26 USC 101.

‘‘Sec. 6039I. Returns and records with respect to employer-owned life insurance contracts.’’. Applicability. 26 USC 101 note.

(d) EFFECTIVE DATE.—The amendments made by this section shall apply to life insurance contracts issued after the date of the enactment of this Act, except for a contract issued after such date pursuant to an exchange described in section 1035 of the Internal Revenue Code of 1986 for a contract issued on or prior to that date. For purposes of the preceding sentence, any material increase in the death benefit or other material change shall cause the contract to be treated as a new contract except that, in the case of a master contract (within the meaning of section 264(f)(4)(E) of such Code), the addition of covered lives shall be treated as a new contract only with respect to such additional covered lives. SEC. 864. TREATMENT OF TEST ROOM SUPERVISORS AND PROCTORS WHO ASSIST IN THE ADMINISTRATION OF COLLEGE ENTRANCE AND PLACEMENT EXAMS.

26 USC 3401 note.

Applicability.

26 USC 3401 note.

VerDate 14-DEC-2004

10:20 Jul 12, 2007

(a) IN GENERAL.—Section 530 of the Revenue Reconciliation Act of 1978 is amended by adding at the end the following new subsection: ‘‘(f) TREATMENT OF TEST ROOM SUPERVISORS AND PROCTORS WHO ASSIST IN THE ADMINISTRATION OF COLLEGE ENTRANCE AND PLACEMENT EXAMS.— ‘‘(1) IN GENERAL.—In the case of an individual described in paragraph (2) who is providing services as a test proctor or room supervisor by assisting in the administration of college entrance or placement examinations, this section shall be applied to such services performed after December 31, 2006 (and remuneration paid for such services) without regard to subsection (a)(3) thereof. ‘‘(2) APPLICABILITY.—An individual is described in this paragraph if the individual— ‘‘(A) is providing the services described in subsection (a) to an organization described in section 501(c), and exempt from tax under section 501(a), of the Internal Revenue Code of 1986, and ‘‘(B) is not otherwise treated as an employee of such organization for purposes of subtitle C of such Code (relating to employment taxes).’’. (b) EFFECTIVE DATE.—The amendment made by this section shall apply to remuneration for services performed after December 31, 2006.

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