Page:United States Statutes at Large Volume 90 Part 2.djvu/101

 PUBLIC LAW 94-455—OCT. 4, 1976

90 STAT. 1569

States on active duty who moves pursuant to a military order and incident to a permanent change of station— " (1) the limitations under subsection (c) shall not a p p l y; " (2) any moving and storage expenses which are furnished in kind (or for which reimbursement or an allowance is provided, but only to the extent of the expenses paid o r incurred) to such member, his spouse, or his dependents, shall not be includible in gross income, and n o reporting with respect to such expenses shall be required by the Secretary of Defense or the Secretary of Transportation, as the case may b e; and " (3) if moving and storage expenses are furnished in kind (or if reimbursement or an allowance for such expenses is provided) to such member's spouse and his dependents with regard to moving to a location other than the one to which such member moves (or from a location other than the one from which such member moves), this section shall apply with respect to the moving expenses of his spouse and dependents— " (A) as if his spouse commenced work as an employee at a new principal place of work at such location; " (B) for purposes of subsection (b)(3), as if such place of work was within the same general location as the member's new principal place of work, and " (C) without regard to the limitations under subsection (c)." (d) EFFECTIVE D A T E. — The amendments m a d e by subsections (a)

and (b) shall apply to taxable years beginning after December 31, 1976. SEC. 507. TAX REVISION STUDY.

26 USC 217 note. 26 USC 8022 note.

(a) STUDY.—The Joint Committee on Taxation shall make a full and complete study and investigation with respect to simplifying and indexing the tax laws of the United States. Such study and investigation shall include a consideration of whether the rates of tax can be reduced by repealing any or all tax deductions, exemptions, or credits. (b) REPORT.—Before July 1, 1977, the Joint Committee on Taxa- Report to tion shall submit to the Committee on Finance of the Senate and to congressional the Committee on W a y s and Means of the House of Representatives committees. a report of its study and investigation together with its recommendations, including recommendations for legislation. SEC. 508. EFFECTIVE DATE.

E x c e p t a s other-wise provided, the amendments made by this title shall a p p l y to taxable years beginning after December 31, 1975.

26 USC 3 note.

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TITLE VI—BUSINESS RELATED INDIVIDUAL INCOME TAX PROVISIONS SEC. 601. DEDUCTIONS FOR EXPENSES ATTRIBUTABLE TO BUSINESS USE OF HOMES, RENTAL OF VACATION HOMES, ETC. (a) NoNDEDucABILITY OF CERTAIN E X P E N S E S. — Part IX of subchap-

ter B of chapter 1 (relating to items not deductible) is amended by a d d i n g a t the end thereof the following new section: "SEC. 280A. DISALLOWANCE OF CERTAIN EXPENSES IN CONNECTION 26 USC 280A. WITH BUSINESS USE OF HOME, RENTAL OF VACATION HOMES, ETC. " (a) GENERAL RULE. — E x c e p t as otherwise provided in this section, in the case of a taxpayer who is a n individual o r an electing small

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