Page:United States Statutes at Large Volume 98 Part 1.djvu/1024

 98 STAT. 976 Ante, p. 826. 97 Stat. 379.

PUBLIC LAW 98-369—JULY 18, 1984 "(1) by allocating between the estate or trust and its beneficiaries any credit allowable under section 31(c) (on the basis of their respective shares of any such payment taken into account under this subchapter), "(2) by treating each beneficiary to whom such credit is allocated as if an amount equal to such credit has been paid to him by the estate or trust, and "(3) by allowing the estate or trust a deduction in an amount equal to the credit so allocated to beneficiaries." (4) COORDINATION OF PENSION AND BACK-UP WITHHOLDING.—

26 USC 3405.

(A) Section 3405(d) (relating to definitions and special rules) is amended by adding at the end thereof the following new paragraph: "(12) FAILURE TO PROVIDE CORRECT TIN.—If—

26 USC 6041.

26 USC 643 note.

26 USC 1 note.

"(A) a payee fails to furnish his TIN to the payor in the manner required by the Secretary, or "(B) the Secretary notifies the payor before any payment or distribution that the TIN furnished by the payee is incorrect, no election under subsection (a)(2) or (b)(3) shall be treated as in effect and subsection (a)(4) shall not apply to such payee." (B) Section 6041(a) (relating to information at source) is amended by inserting "6047(e)," after "6044(a)(l),". (5) EFFECTIVE DATES.—

(A) Except as provided in this paragraph, the amendments made by this subsection shall apply as if included in the amendments made by the Interest and Dividend TEIX Compliance Act of 1983. (B) The amendments made by paragraph (4) shall apply to payments or distributions after December 31, 1984, unless the payor elects to have such amendments apply to payments or distributions before January 1, 1985.

Subtitle C—Amendments Relating to Highway Revenue Act of 1982 26 USC 4052.

-f.

SEC. 731. VALUE OF USED COMPONENTS FURNISHED BY FIRST USER NOT TAKEN INTO ACCOUNT IN DETERMINING PRICE. Subparagraph (B) of section 4052(b)(1) (relating to determination of price) is amended by striking out "and" at the end of clause (ii) and by inserting after clause (iii) the following new clause: "(iv) the value of any component of such article if— "(I) such component is furnished by the first user of such article, and "(II) such component has been used before such furnishing, and". SEC. 732. CLARIFICATION OF APPLICATION OF GASOLINE EXCISE TAX TO GASOHOL.ETC. (a) GASOLINE EXCISE TAX TO APPLY TO GALLON OF GASOHOL.—

26 USC 4081. »

(1) IN GENERAL.—Paragraph (1) of section 4081(c) (relating to gasoline mixed with alcohol) is amended to read as follows: "(1) IN GENERAL.—Under regulations prescribed by the Secretary, subsection (a) shall be applied—

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