Page:United States Statutes at Large Volume 98 Part 1.djvu/767

 PUBLIC LAW 98-369—JULY 18, 1984 (d) EFFECTIVE DATES.— (1) IN GENERAL.—

98 STAT. 719 26 USC 280F note.

(A) Except as provided in subparagraph (B), the amendments made by subsections (a) and (c) shall apply to— (i) property placed in service after June 18, 1984, in taxable years ending after such date, and (ii) property leased after June 18, 1984, in taxable years ending after such date. (B) The amendments made by subsections (a) and (c) shall not apply to any property— (i) acquired by the taxpayer pursuant to a binding '4 ^ contract in effect on June 18, 1984, and at all times thereafter (or under construction on such date) but only if the property is placed in service before January 1, 1985 (January 1, 1987, in the case of 15-year real property), or (ii) of which the taxpayer is the lessee but only if the lease is pursuant to a binding contract in effect on June 18, 1984, and at all times thereafter and only if the taxpayer first uses such property under the lease before January 1, 1985 (January 1, 1987, in the case of 15-year real property). For purposes of the preceding sentence, the term "15-year real property" includes 18-year real property. (2) CoMPUANCE PROVISIONS.—The amendments made by subsection (b) shall apply to taxable years beginning after December 31, 1984.

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TITLE II—LIFE INSURANCE PROVISIONS SEC. 201. TABLE OF SECTIONS FOR PART I OF SUBCHAPTER L.

Under the amendment to part I of subchapter L made by section 211(a), the subparts and sections of such part I will be as follows: PART I—LIFE INSURANCE COMPANIES SUBPART A—TAX IMPOSED

Sec. 801. Tax imposed. SUBPART B — L I F E INSURANCE GROSS INCOME

Sec. 803. Life insurance gross income. SUBPART C — L I F E INSURANCE DEDUCTIONS

Sec. Sec. Sec. Sec. Sec. Sec. Sec.

804. 805. 806. 807. 808. 809. 810.

Life insurance deductions. General deductions. Special deductions. Rules for certain reserves. Policyholder dividends deduction. Reduction in certain deductions of mutual life insurance companies. Operations loss deduction.

Sec. Sec. Sec. Sec. Sec.

811. 812. 813. 814. 815.

Accounting provisions. Definition of company's share and policyholders' share. Foreign life insurance companies. Contiguous country branches of domestic life insurance companies. Distributions to shareholders from pre-1984 policyholders surplus account.

SUBPART D—ACCOUNTING, ALLOCATION, AND FOREIGN PROVISIONS

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SUBPART E—DEFINITIONS AND SPECIAL RULES

Sec. 816. Life insurance company defined.

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