Page:United States Statutes at Large Volume 96 Part 2.djvu/1035

 PUBLIC LAW 97-448—JAN. 12, 1983

96 STAT. 2397

and all environmental and construction permits required under Federal, State, or local law in connection with the commencement of the construction of the project have been applied for, and". SEC. 203. EFFECTIVE DATES. (a) GENERAL RULE.—Except as provided in subsection (b), any amendment made by this title shall take effect as if it had been included in the provision of the Crude Oil Windfall Profit Tax Act of 1980 to which such amendment relates. (b) EXCEPTIONS.— (1) DEFINITION OF INDEPENDENT PRODUCER.—The amendment

26 USC 4988 ^°^26 USC 1 note. 26 USC 4988 "°*^-

made by section 201(d)(1) shall take effect on January 1, 1983. (2) PENALTY PROVISION.—The amendments made by section 201(i) shall apply with respect to returns and statements the due dates for which (without regard to extensions) are after the date of the enactment of this Act. (3) AMENDMENTS TO SECTION 613A.—

26 USC 613A.

(A) The amendment made by section 202(d)(1) shall apply to transfers in taxable years ending after December 31, 1974, but only for purposes of applying section 613A of the Internal Revenue Code of 1954 to periods after December 31, 1979. (B) The amendment made by section 202(d)(2) shall apply to bulk sales after September 18, 1982. (4) N o WITHHOLDING BY REASON OF CONDENSATE PROVISION.—

No withholding of tax shall be required under section 4995 of the Internal Revenue Code of 1954 by reason of the amendment made by section 201(h)(2)(A) of this Act before the date on which regulations with respect to such amendment are published in the Federal Register. (c) No INTEREST FOR PAST PERIODS RESULTING FROM AMENDMENTS RELATING TO COST RECOVERY OIL.—No interest shall be paid or credited with respect to the credit or refund of any overpayment of tax imposed by the Internal Revenue Code of 1954, and no interest shall be assessed or collected with respect to any underpayment of tax imposed by such Code, for any period before the date which is 60 days after the date of the enactment of this Act, to the extent that such overpayment or underpayment is attributable to the amendments made by section 201(h)(1).

26 USC 4996 ^°^-

TITLE III—AMENDMENTS RELATED TO INSTALLMENT SALES REVISION ACT OF 1980, ETC. SEC. 301. C L A R I F I C A T I O N OF ATTRIBUTION RULES IN SECTION 1239. (a) DEFINITION OF RELATED PERSONS.—Subsection (b) of section

1239 (defining related persons) is amended to read as follows: "(b) RELATED PERSONS.—For purposes of subsection (a), the term 'related persons' means— "(1) a husband and wife, and "(2) a person and all entities which are 80-percent owned entities with respect to such person."

26 USC 1239.

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