Page:United States Statutes at Large Volume 90 Part 2.djvu/437

 PUBLIC LAW 94-455—OCT. 4, 1976 "(d)

9 0 STAT. 1905

RESALE A F T E R CERTAIN MODIFICATIONS.—Under regulations

Regulations,

prescribed by the Secretary, the tax imposed by section 4061 shall not a p p l y to the resale of any article described in section 4061(a)(1) if before such resale such article was merely combined with any coup l i n g device (including any fifth wheel), wrecker crane, loading and unloading equipment (including any crane, hoist, winch, or power liftgate), aerial ladder or tower, snow and ice control equipment, eartnmoving, excavation and construction equipment, spreader, sleeper cab, cab shield, or wood or metal floor." (b) EFFECTIVE D A T E. — The amendment made by this section shall 26 USC 4063 a p p l y to the resale of any article on or after the date of the enact- ^°^^ment of this Act. SEC. 2110. FRANCHISE TRANSFERS. (a) APPLICATION OF F R A N C H I S E RULES TO PARTNERSHIPS.—Section

751(c) (relating to unrealized receivables of a partnership), as amended by this Act, is amended— (1) by striking out " f a r m land (as defined in section 1252 (a)), " and inserting in lieu thereof "farm land (as defined in section 1 2 5 2 (a)), franchises, trademarks, or trade names (referred to in section 1253(a)), " and (2) by striking out " 1 2 5 2 (a) " and inserting in lieu thereof "1252(a), 1253(a)". (b) EFFECTIVE DATE.—Subsection (a) shall a p p l y to transactions described i n sections 731,736,741, or 751 of the I n t e r n a l Revenue Code of 1954 which occur after December 31, 1976, in taxable years ending after that date. SEC. 2111. EMPLOYER'S DUTIES IN CONNECTION WITH THE RECORDING AND REPORTING OF TIPS. (a) SUSPENSION OF RULINGS.—Until January 1, 1979, the law with respect to the duty of a n employer under section 6041(a) of the Intern a l Revenue Code of 1954 to report charge account tips of employees to the I n t e r n a l Revenue Service (other than charge account t i p s included in statements furnished to the employer under section 6053 (a) of such Code) shall be administered— ^1) without regard to Revenue Rulings 75-400 and 76-231, and (2) in accordance with the manner in which such law was administered before the issuance of such rulings. (b) EFFECTIVE D A T E. — T h i s section shall take effect on January 1, 1976. SEC. 2112. TREATMENT OF CERTAIN POLLUTION CONTROL FACILITIES.

26 USC 751.

26 USC 751 °o*®26 USC 6041 note-

(a) AVAILABILITY OF INVESTMENT CREDIT FOR CERTAIN POLLUTION CONTROL F A C I L I T I E S. —

(1) IN GENERAL.—Section 4 8 (a)(8) (relating to amortized 26 USC 48. property) is amended by striking out "169," and by striking out the second sentence thereof. (2) APPLICABLE

PERCENTAGE

IN

DETERMINING

AMOUNT OF

CREDIT.—Section 4 6 (c) (relating to qualified investment) is 26 USC 46. amended by a d d i n g a t the end thereof the following new paragraph: "(5)

APPLICABLE PERCENTAGE I N THE CASE OF CERTAIN POLLU-

TION CONTROL FACILITIES.—Notwithstanding subsection (c)(2), i n the case of property— " (A) with respect to which an election under section 169 applies, and

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