Page:United States Statutes at Large Volume 96 Part 1.djvu/680

 96 STAT. 638

PUBLIC LAW 97-248—SEPT. 3, 1982 (B) Subparagraph (A) of section 6601(d)(2) is amended by striking out "the last day of the" each place it appears and inserting in lieu thereof "the filing date for". (C) Subsection (d) of section 6601 is amended by adding at the end thereof the following new paragraph: "(4) FILING DATE.—For purposes of this subsection, the term 'filing date' has the meaning given to such term by section 6611(f)(3)(A)."

26 USC 6611

"°*®"

(d) EFFECTIVE DATES.—

(1) IN GENERAL.—The amendments made by subsections (a) and (b) shall apply to returns filed after the 30th day after the date of the enactment of this Act. (2) SUBSECTION (C).—The amendments made by subsection (c) shall apply to interest accruing after the 30th day after the date of the enactment of this Act.

Subtitle H—Taxpayer Safeguard Amendments SP]C. 347. INCREASE IN CERTAIN EXEMPTIONS FROM LEVY. (a) GENERAL RULE.— (1) FUEL, PROVISIONS, FURNITURE, AND PERSONAL EFFECTS.—

26 USC 6334.

Paragraph (2) of section 6334(a) (relating to property exempt from levy) is amended by striking out "$500" and inserting in lieu thereof "$1,500". (2) BOOKS AND TOOLS OF A TRADE, BUSINESS, OR PROFESSION.—

26 USC 6334 "°^®-

Paragraph (3) of section 6334(a) is amended by striking out "$250" and inserting in lieu thereof "$1,000". (3) WAGES, SALARY, OR OTHER INCOME.—Paragraph (1) of section 6334(d) (relating to exempt amount of wages, salary, or other income) is amended— (A) by striking out "$50" and inserting in lieu thereof "$75", and (B) by striking out "$15" and inserting in lieu thereof "$25". (b) EFFECTIVE DATE.—The amendments made by subsection (a) shall apply to levies m a d e after December 31, 1982. SEC. 348. REQUIRED RELEASE OF LIEN.

26 USC 6325.

26 USC 6325 ^°^-

(a) GENERAL RuLE.—So m u c h of subsection (a) of section 6325 (relating to release of lien) as precedes paragraph (1) thereof is amended to read as follows: "(a) RELEASE OF LIEN.—Subject to such regulations as the Secre-

tary may prescribe, the Secretary shall issue a certificate of release of any lien imposed with respect to any internal revenue tax not later than 30 days after the day on which—". (b) EFFECTIVE DATE.—The amendment made by subsection (a) shall apply with respect to liens— (1) which are filed after December 31, 1982, (2) which are satisfied after December 31, 1982, or (3) with respect to which the taxpayer after December 31, 1982, requests the Secretary of the Treasury or his delegate to issue a certificate of release on the grounds that the liability was satisfied or legally unenforceable.

�