Page:United States Statutes at Large Volume 96 Part 2.djvu/1012

 96 STAT. 2374 26 USC 425. 95 Stat. 260.

26 USC 83.

26 USC 83 note.

95 Stat. 260.

26 USC 51.

PUBLIC LAW 97-448—JAN. 12, 1983 (B) paragraph (1) of section 425(c) is amended by striking out "paragraph (2)" and inserting in lieu thereof "paragraphs (2) and (3)". (k) AMENDMENT RELATED TO SECTION 2 5 2. ^

(1) Paragraph (3) of section 83(c) (relating to sales which may give rise to suit under section 16(b) of the Securities Exchange Act) is amended by striking out "Securities and Exchange Act of 1934" each place it appears and inserting in lieu thereof "Securities Exchange Act of 1934", (2) Subsection (c) of section 252 of the Economic Recovery Tax Act of 1981 (relating to effective date) is amended by striking out "taxable years ending after December 31, 1981" and inserting in lieu thereof "transfers after December 31, 1981". (1) AMENDMENTS RELATED TO SECTION 2 6 1. — (1) CLARIFICATION OF DEFINITION OF YOUTH PARTICIPATING IN

QUALIFiED COOPERATIVE EDUCATION PROGRAM.—Subparagraph (D) of section 51(d)(8) (defining wages) is amended by striking out "subparagraph (A)" and inserting in lieu thereof "clauses (i), (ii), and (iii) of subparagraph (A)". (2) CLARIFICATION OF EFFECTIVE DATE FOR ELIGIBLE WORK INCENTIVE EMPLOYEES.—Subparagraph (B) of section 261(g)(l) of

26 USC 51 note.

the Economic Recovery Tax Act of 1981 (relating to eligible work incentive employees) is amended by striking out "subsection (b)(2)(A)" and inserting in lieu thereof "subsection (b)(2)". (3) DEFINITION OF ELIGIBLE WORK INCENTIVE EMPLOYEES.—Sub-

paragraph (B) of section 51(d)(9) (defining eligible work incentive employees) is amended by striking out "section 432(b)(1)" and inserting in lieu thereof "section 432(b)(l) or 445". (4) PERIOD DURING WHICH LOW-INCOME DETERMINATION IS

MADE.—Effective with respect to certifications made after the date of the enactment of this Act with respect to individuals beginning work for an employer after May 11, 1982, paragraph (11) of section 51(d) (defining members of an economically disadvantaged family) is amended by striking out "the month in which such determination occurs" and inserting in lieu thereof "the earlier of the month in which such determination occurs or the month in which the hiring date occurs". 95 Stat. 264.

26 USC 809. 26 USC 545, 556. 26 USC 512. 95 Stat. 265. 26 USC 165 note,

(m) AMENDMENTS RELATED TO SECTION 2 6 3. —

(1) Subparagraph (A) of section 809(e)(3) (relating to charitable, etc., contributions and gifts) is amended by striking out "5 percent" and inserting in lieu thereof "10 percent". (2) Sections 545(b)(2) and 556(b)(2) are each amended by striking out "5-percent" and inserting in lieu thereof "10-percent". (3) Paragraph (10) of section 512(b) (relating to modifications to unrelated business taxable income) is amended by striking out "5 percent" and inserting in lieu thereof "10 percent'. (n) AMENDMENT RELATED TO SECTION 266.—Subsection (c) of section 266 of the Economic Recovery Tax Act of 1981 (relating to deduction for motor carrier operating authority) is amended by adding at the end thereof the following new paragraph: "(3)

S E C T I O N 381

O F THE I N T E R N A L R E V E N U E CODE O F 1954

TO

APPLY.—For purposes of section 381 of the Internal Revenue Code of 1954, any item described in this section shall be treated as an item described in subsection (c) of such section 381." 95 Stat. 267.

SEC. 103. AMENDMENTS RELATED TO TITLE III OF THE ACT. (a) AMENDMENTS RELATED TO SECTION 3 0 1. —

�