Page:United States Statutes at Large Volume 94 Part 3.djvu/560

 94 STAT. 3204

PUBLIC LAW 96-541—DEC. 17, 1980

Public Law 96-541 96th Congress An Act ^ec. 1<, ItJoU [H.R. 6975]

rpQ extend certain temporary tax provisions, and for other purposes.

Temporary tax

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

provisions, extension.

SECTION

26 USC 3401 ^°^-

1. 18-MONTH EXTENSION OF PROVISIONS RELATING TO EMPLOYMENT STATUS FOR EMPLOYMENT TAXES.

(a) IN GENERAL.—Subsection (a) of section 530 of the Revenue Act of 1978 (relating to termination of certain employment tax liability for periods before 1981) is amended— (1) by striking out "January 1, 1981" in paragraphs (1)(A) and (3) and inserting in lieu thereof "July 1, 1982", (2) by striking out "1981" in the subsection heading and inserting in lieu thereof "July 1, 1982", and (3) by striking out "1979 and 1980" in the heading for paragraph (3) and inserting in lieu thereof "prior". O?) PROHIBITION AGAINST REGULATIONS AND RULINGS ON EMPLOY-

MENT STATUS.—Subsection 0?) of section 530 of the Revenue Act of 1978 is amended by striking out "January 1, 1981" and inserting in lieu thereof "July 1, 1982". SEC. 2.

THREE-YEAR EXTENSION OF PROVISIONS RELATING TO HISTORIC PRESERVATION.

(a) AMORTIZATION OF CERTAIN REHABILITATION EXPENDITURES.—

26 USC 191.

Section 191 of the Internal Revenue Code of 1954 (relating to amortization of certain rehabilitation expenditures for certified historic structures) is amended by redesignating subsection (g) as subsection (h) and by inserting after subsection (f) the following new subsection: "(g) APPLICATION OF SECTION.—This section shall apply with respect to additions to capital account made after June 14, 1976, and before January 1, 1984.". Qo) DENIAL OF DEDUCTIONS FOR CERTAIN DEMOLITIONS.—Section

26 USC 280B.

280B of such Code (relating to denial of deduction for demolition of certain historic structures) is amended by adding at the end thereof the following new subsection: "(c) APPLICATION OF SECTION.—This section shall apply with respect to demolitions commencing after June 30, 1976, and before January 1, 1984.". (c) DEPRECIATION OF IMPROVEMENTS.—Subsection (n) of section 167

26 USC 167.

of such Code (relating to depreciation of improvements) is amended by adding at the end thereof the following new paragraph: "(4) APPLICATION OF SUBSECTION.—This subsection shall apply to that portion of the basis which is attributable to construction, reconstruction, or erection after December 31, 1975, and before January 1, 1984.". (d) DEPRECIATION OF CERTAIN SUBSTANTIALLY REHABILITATED HISTORIC PROPERTY.—Subsection (o) of section 167 of such Code (relating

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