Page:United States Statutes at Large Volume 90 Part 2.djvu/361

 PUBLIC LAW 94-455—OCT. 4, 1976

90 STAT. 1829

(B) Section 6424 (relating to lubricating oil not used in 26 USC 6424. h i g h w a y motor vehicles) is amended by striking out subsection (f) (relating to effective date of section), and by redesignating subsections (g) and (h) as subsections (f) and .. (g), respectively. (31)

AMENDMENTS o r SECTION 6427.—

(A) Subsections (a), (b), and (c) of section 6427 (relating 26 USC 6427. to fuels not used for taxable purposes) are each amended by striking out ", after June 30. 1970,". (B) The amendments made by subparagraph (A) shall 26 USC 6427 apply only with respect to fuel used or resold after June 30, °<**®' 1970. (32)

(A) Section 6504 (relating to cross references) is amended 26 USC 6504. by striking out paragraph s (13) and (14) and inserting in lieu thereof: "(13) Assessments to recover excessive amounts paid under section 6420 (relating to gasoline used on farms), 6421 (relating to gasoline used for certain nonhighway purposes or by local transit systems), 6424 (relating to lubricating oil not used in highway motor vehicles), or 6427 (relating to fuels not used for taxable purposes) and assess,. ments of civil penalties under section 6675 for excessive claims under section 6420, 6421, 6424, or 6427, see section 6206." (B) Section 6504, as amended by this Act, is further amended by redesignating paragraph s (2), (3), (4), (5), (9), ( 1 0), ' ( 1 1), (12), (13), and (15) as paragraph s (1), " ' (2), (3), (4), (5), (6), (7), (8), (9), and (10), respectively.

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AMENDMENTS OF SECTION 6 5 0 4. —

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(33) AMENDMENTS OF SECTION 6 S 11.—

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(A) Section 6511(d)(2)(A) (ii) (relating to net oper- 26 USC 6511. ating loss carryback) is amended by striking out "September 1, 1959, o r " and by striking out ", whichever is the later". (B) Section 6511(d)(5) is amended by striking out "the later of the following dates: (A) ", and by s t r i k m g out ", or (B) December 31, 1965". (34) AMENDMENT OF SECTION 6GOI.—Section 6601(h) ( r e l a t i n g

to interest on estimated tax payments) is amended by striking out " (or section 59 of the I n t e r n a l Revenue Code of 1939)". (35) AMENDMENT OF SECTION 6654.—Section 6654 (relating to payment of estimated income tax) is amended by striking out subsection (h) (relating to applicability of section). (36) AMENDMENT OF SECTION 6802.—Section 6802(2) (relating to supply and distribution of stamps) is amended by striking out the semicolon at the end and inserting in lieu thereof a period. (37) AMENDMENT OF SECTION 6803.—Section 6803 (relating to accounting and safeguarding is amended to read as follows: "SEC. 6803. ACCOUNTING AND SAFEGUARDING. " (a) B O N D. — I n cases coming within the provisions of paragraph (2) of section 6802, the Secretary may require a bond, with sufficient sureties, in a sum to be fixed by the Secretary, conditioned for the faithful return, whenever so required, of all quantities or amounts undisposed of and for the payment monthly for all quantities or amounts sold or not remaining on hand. " (b) REGULATIONS.—The Secretary may from time to time make such regulations as he may find necessary to insure the safekeeping or prevent the illegal use of all adhesive stamps referred to in paragraph (2) of section 6802."

26 USC 6601.

53 Stat. 32. 26 USC 6654. 26 USC 6802.

26 USC 6803.

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