Page:United States Statutes at Large Volume 94 Part 3.djvu/832

 94 STAT. 3476

Ante, p. 3475. 26 USC 6416 note.

PUBLIC LAW 96-596—DEC. 24, 1980 such article was sold is readjusted by reason of the return or repossession of the article, the part of the tax proportionate to the part of such price repaid or credited to the purchaser shall be deemed to be an overpayment. "(C) ADJUSTMENT OF TIRE PRICE.—No credit or refund of any tax imposed by section 4071(a)(1) or (2) or section 4071(b) shall be allowed or made by reason of an adjustment of a tire pursuant to a warranty or guarantee." (2) EFFECTIVE DATE.—The amendments made by this subsection shall apply to the adjustments of any tire sifter December 31, 1982.

SEC. 5. TAX TREATMENT OF PROCEEDS HELD IN TRUST FOR KLAMATH INDIAN TRIBE.

25 USC 564j ^^^-

25 USC 564j 'lote.

(a) IN GENERAL.—The first section of the Act entitled "An Act to exclude from gross income gains from the condemnation of certain forest lands held in trust for the Klamath Indian Tribe", approved August 9, 1975, is amended by striking out "gain resulting from" and inserting in lieu thereof "all amounts realized by the trust from". (b) EFFECTIVE DATE.—The amendment made by subsection (a) shall apply to all amounts whether received before, on, or after the date of the enactment of this Act. Approved December 24, 1980.

LEGISLATIVE HISTORY:

HOUSE REPORT No. 96-912 (Comm. on Ways and Means). SENATE REPORT No. 96-1034 (Comm. on Finance). CONGRESSIONAL RECORD, Vol. 126 (1980): May 20, considered and passed House. Dec. 13, considered and passed Senate, amended; House agreed to Senate amendments with amendments; Senate agreed to House amendments.

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