Page:United States Statutes at Large Volume 90 Part 2.djvu/349

 PUBLIC LAW 94-455—OCT. 4, 1976

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(A)(i)(I) Section 263, as amended by this Act, is amended by striking out subsections (a)(3) and (d) (relating to the allowance of deductions for payment of interest equalization tax), and by redesignating subsections (e), (f), and (g) as subsections (d), (e),and (f), respectively. (II) Section 263(d), as redesignated by clause (i)(I) of this subparagraph, is amended by striking out "subsection (f)" and inserting in lieu thereof "subsection (e)". (ii) Section 6011 (relating to requirement of return, statement, or list) is amended by striking out subsection (d) (relating to interest equalization tax returns, etc.), and by redesignating subsections (e) and (f) as subsections (c) and (d), respectively. (iii)(I) Section 6076 (relating to time for filing interest equalization tax returns) is repealed. (II) The table of sections for part V of subchapter A of chapter 61 is amended by striking out the item relating to section 6076. (iv) Section 6611 (relating to interest on overpayments) is amended by striking out subsection (h) (relating to overpayments of interest equalization tax) and by redesignating subsection (i) as subsection (h). (v) Section 6651 (relating to failure to file tax return or to pay tax) is amended by striking out subsection (e) (relating to certain interest equalization tax returns). (vi)(I) Section 6680 (relating to failure to file interest equalization tax returns) is repealed. (II) The table of sections for subchapter B of chapter 68 is amended by striking out the item relating to section 6680. (vii) The amendments made by this subparagraph shall apply with respect to acquisitions of stock or debt obligations made after June 30, 1974, except that the repeal of paragraph (2) of section 6011(d) under clause (ii) shall apply with respect to loans and commitments made after such date. (B) Section 861(a)(1)(G) (relating to income from sources within the United States) is amended— (i) by striking out "section 4912(c)" and inserting in lieu thereof "subsection (c) of section 4912 (as in effect before July 1, 1974)"; and (ii) by striking out "section 4912(c)(2)" and inserting in lieu thereof "subsection (c)(2) of such section". (C) The second sentence of section 1232(b)(2) (relating to the definition of the issue price of bonds and otner evidences of indebtedness) is amended by striking out "section 4911" and inserting in lieu thereof "section 4911, as in effect before July 1, 1974". (D)(i) Section 6681 (relating to false equalization tax certificates) is repealed. (ii) The table of sections for subchapter B of chapter 68 is amended by striking out the item relating to section 6681. (iii) The amendments made by this subparagraph shall apply with respect to actions occurring after June 30, 1974. (E)(i) Section 6689 (relating to failure by certain foreign issuers and obligors to comply with United States investment equalization tax requirements) is repealed, (ii) The table of sections for subchapter B of chapter 68 is amended by striking out the item relating to section 6689.

90 STAT. 1817 26 USC 263. ^^

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26 USC 6011.

26 USC 6076. ../.. - ' 26 USC 6611.

26 USC 6651. 26 USC 6680.

26 USC 263 ">®

26 USC 861.

26 USC 1232.

26 USC 6681.

26 USC 6681 not*26 USC 6689.

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