Page:United States Statutes at Large Volume 96 Part 1.djvu/612

 96 STAT. 570

PUBLIC LAW 97-248—SEPT. 3, 1982 "(A) the requirement of subsection (c)(3) that no part of its activities involve the provision of athletic facilities or equipment shall not apply, and "(B) such organization shall not fail to meet the requirements of subsection (c)(3) merely because its membership is local or regional in nature. "(2) QUALIFIED AMATEUR SPORTS ORGANIZATION DEFINED.—For

purposes of this subsection, the term 'qualified amateur sports organization' means any organization organized and operated exclusively to foster national or international amateur sports competition if such organization is also organized and operated primarily to conduct national or international competition in sports or to support and develop amateur athletes for national or international competition in sports." (b) DEFINITION OF CHARITABLE CONTRIBUTION.—(1) Subsection (c) of 26 USC 170. section 170 (defining charitable contribution) is amended by adding at the end of paragraph (2) the following new sentence: "Rules Ante, p. 569. similar to the rules of section 501(j) shall apply for purposes of this paragraph.". 26 USC 2055. (2) Subsection (a) of section 2055 (relating to transfers for public, charitable, and religious uses) is amended by adding at the end thereof the following new sentence: "Rules similar to the rules of section 501(j) shall apply for purposes of paragraph (2).". 26 USC 2522. (3) Subsection (a) of section 2522 (relating to charitable and similar gifts) is amended by adding at the end thereof the following new sentence: "Rules similar to the rules of section 501(j) shall apply for purposes of paragraph (2).". 26 USC 501 note. (c) EFFECTIVE DATE.—The amendments made by this section shall take effect on October 5, 1976. SEC. 287. NEW JERSEY GENERAL REVENUE SHARING ALLOCATION. (a) IN GENERAL.—Subsection (e) of section 109 of the State and Local Fiscal Assistance Act of 1972 (31 U.S.C. 1228) (defining general tax effort factor) is amended by inserting at the end thereof the following new paragraph: "(3)

31 USC 1228 ''°'^-

NEW JERSEY FRANCHISE AND GROSS RECEIPTS TAXES.—

"(A) The New Jersey Franchise and Gross Receipts Taxes (N.J. Rev. Stat. 54:30A-18.1) transferred to a unit of local government within the State in the years beginning January 1 of 1980, 1981, and 1982 shall be deemed to be an adjusted tax of such units for purposes of paragraph (2)(A)(i). "(B) The provisions of subparagraph (A) shall be given effect for quarterly payments made for quarters beginning after December 31, 1982, only if the Governor of the State of New Jersey notifies the Secretary that, prior to January 1, 1983, the State amended the New Jersey Franchise and Gross Receipts Taxes statute to provide for collection and retention of such taxes by units of local government for years beginning as of January 1, 1983. "(C) Notwithstanding the limitation in subparagraph (B), the provisions of subparagaph (A) shall be given effect with respect to the quarterly payment to be made for the quarter beginning October 1, 1982.". (b) EFFECTIVE DATE.—The amendment made by this section shall be effective after September 30, 1982.

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