Page:United States Statutes at Large Volume 97.djvu/402

 97 STAT. 370 PUBLIC LAW 98-67—AUG. 5, 1983 shall be increased by an amount equal to 10 percent of the aggregate amount of payments— (1) which are received during the portion of such taxable year after June 30, 1983, and before January 1, 1984, and (2) which (but for the repeal made by subsection (a)) would have been subject to withholding under subchapter B of chapter 96 Stat. 576. 24 of such Code (determined without regard to any exemption 96 Stat. 577. described in section 3452 of such subchapter B). 26 USC 3452. (g) TECHNICAL AMENDMENTS.— 96 Stat. 591. (1) Subsection (a) of section 6049 (relating to returns regarding 26 USC 6049. payments of interest) is amended— (A) by inserting "or" at the end of paragraph (1), (B) by striking out "or" at the end of paragraph (2), (C) by striking out paragraph (3), and (D) by striking out ", tax deducted and withheld, and the name and address of the person to whom paid or from whom withheld", and inserting in lieu thereof "and the name and address of the person to whom paid". (2) Subsection (b) of section 6049 (defining interest) is amended— (A) by amending subparagraph (C) of paragraph (2) to read as follows: "(C) except to the extent otherwise provided in regulations— "(i) any amount paid to any person described in paragraph (4), or "(ii) any amount described in paragraph (5),", and (B) by adding at the end thereof the following new paragraphs: "(4) PERSONS DESCRIBED IN THIS PARAGRAPH.— A person is described in this paragraph if such person is— "(A) a corporation, "(B) an organization exempt from taxation under section 501(a) or an individual retirement plan, "(C) the United States or any wholly owned agency or instrumentality thereof, "(D) a State, the District of Columbia, a possession of the United States, any political subdivision of any of the forego- ing, or any wholly owned agency or instrumentality of any one or more of the foregoing, "(E) a foreign government, a political subdivision of a foreign government, or any wholly owned agency or instru- mentality of any one or more of the foregoing, "(F) an international organization or any wholly owned agency or instrumentality thereof, "(G) a foreign central bank of issue, "(H) a dealer in securities or commodities required to register as such under the laws of the United States or a State, the District of Columbia, or a possession of the United States, "(I) a real estate investment trust (as defined in section 856), "(J) an entity registered at all times during the taxable 15 USC 80a-5l. year under the Investment Company Act of 1940, "(K) a common trust fund (as defined in section 584(a)), or "(L) any trust which— "(i) is exempt from tax under section 664(c), or

�