Page:United States Statutes at Large Volume 90 Part 2.djvu/457

 PUBLIC LAW 94-455—OCT. 4, 1976 (i) a ruling request with respect to such transfers was filed with the Internal Revenue Service before March 27, 1976, or (ii) a registration statement with respect to such transfers was filed with the Securities and Exchange f Commission before March 27, 1976, (B) the securities transferred were deposited on or before the 60th day after the date of the enactment of this Act, and (C) either— (i) the aggregate value (determined as of the close of the 60th day referred to in subparagraph (B), or, if '" earlier, the close of the deposit period) of the securities so transferred does not exceed $100,000,000, or (ii) the securities transferred were all on deposit on February 29, 1976, pursuant to a registration statement referred to in subparagraph (A) (ii). (5) If no registration statement was required to be filed with the Securities and Exchange Commission with respect to the transfer of securities to any partnership, then paragraph (4) shall be applied to such transfers— (A) as if paragraph (4) did not contain subparagraph (A) (ii) thereof, and (B) by substituting "$25,000,000" for "$100,000,000" in subparagraph (C)(i) thereof. (6) The amendments made by subsections (d) and (e) shall take effect on April 8, 1976, in taxable years ending on or after such date. SEC. 2132. CONTRIBUTIONS OF CERTAIN GOVERNMENT PUBLICATIONS. (a) IN GENERAL.—Section 1221 (relating to definition of capital asset) is amended by— (1) striking out "or" at the end of paragraph (4); (2) striking out the period at the end of paragraph (5) and inserting in lieu thereof "; or", and (3) adding after paragraph (5) the following new paragraph: "(6) a publication of the United States Government (including the Congressional Record) which is received from the United States Government or any agency thereof, other than by purchase at the price at which it is offered for sale to the public, and which is held by— "(A) a taxpayer who so received such publication, or "(B) a taxpayer in whose hands the basis of such publication is determined, for purposes of determining gain from a sale or exchange, in whole or in part by reference to the basis of such publication in the hands of a taxpayer described in subparagraph (A).". (b) EFFECTIVE DATE.—The amendment made by subsection (a) shall apply to sales, exchanges, and contributions made after the date of enactment of this Act. SEC. 2133. TAX INCENTIVES STUDY. (a) STUDY.—The Joint Committee on Taxation, in consultation with the Treasury, shall make a full and complete study and comparative analysis of the cost effectiveness of different kinds of tax incentives, including an analysis and study of the most effective way to use tax cuts in a period of business recession to provide a stimulus to the economy.

90 STAT. 1925

26 USC 721 note,

26 USC 584 note, 26 USC 1221.

^ 26 USC 1221 note. 26 USC 8022 note,

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