Page:United States Statutes at Large Volume 98 Part 1.djvu/901

 PUBLIC LAW 98-369—JULY 18, 1984

98 STAT. 853

(3) Paragraph (6) of old section 44G(c) is amended by striking 26 USC 41. out "section 409A(1)" and inserting in lieu thereof "section ^"^e, p. 826. 409(1)". (4) Paragraph (22) of section 401(a) is amended by striking out 26 USC 401. "section 409A" and inserting in lieu thereof "section 409". (5) Paragraph (23) of section 401(a) is amended by striking out "section 409A(h)" each place it appears and inserting in lieu thereof "section 409(h)". (6) Clause (ii) of section 415(c)(6)(B) is amended by striking out 26 USC 415. "section 409A" and inserting in lieu thereof section 409". (7) Paragraph (7) of section 4975(e) is amended— 26 USC 4975. (A) by striking out "section 409A(h)" and inserting in lieu thereof "section 409(h)", (B) by striking out "section 409A(e)(4)" and inserting in lieu thereof "section 409(e)(4)", and (C) by striking out "section 409A(e)" and inserting in lieu thereof "section 409(e)". (8) Paragraph (8) of section 4975(e) is amended by striking out "section 409A(1)" and inserting in lieu thereof "section 409(1)". (9) Paragraphs (1) and (3) of section 6699(a) are each amended 26 USC 6699. by striking out "section 409A" and inserting in lieu thereof "section 409". (10) The table of sections for subpart A of part I of subchapter D of chapter 1 is amended by striking out "Sec. 409A" and inserting in lieu thereof "Sec. 409", (f) EFFECTIVE DATES.—

(1) IN GENERAL.—The amendments and repeals made by sub- 26 USC 55 note, sections (a), (b), and (d) shall apply to obligations issued after December 31, 1983. (2) SUBSECTION (C).—The amendment made by subsection (c) 26 USC 402 note, shall apply to redemptions after the date of the enactment of this Act in taxable years ending after such date. (3) SUBSECTION (e).—The amendments made by subsection (e) 26 USC 41 note. shall take effect on January 1, 1984. (4) BONDS UNDER QUALIFIED BOND PURCHASE PLANS MAY BE 26 USC 405 note. REDEEMED AT ANY TIME.—Notwithstanding—

(A) subparagraph (D) of section 405(b)(1) of the Internal Revenue Code of 1954 (as in effect before its repeal by this section), and (B) the terms of any bond described in subsection O> of t) such section 405, such a bond may be redeemed at any time after the date of the enactment of this Act in the same manner as if the individual redeeming the bond had attained age 59^2. (5) TREATMENT OF TAX IMPOSED UNDER SECTION 409 (c).—For 26 USC 26 note. purposes of section 260t>) of the Internal Revenue Code of 1954 (as amended by this Act), any tax imposed by section 409(c) of such Code (as in effect before its repeal by this section) shall be treated as a tax imposed by section 408(f) of such Code. SEC. 492. REPEAL OF RULES RELATING TO GAINS FROM DISPOSITION OF PROPERTY USED IN FARMING WHERE FARM LOSSES OFFSET NONFARM INCOME. (a) IN GENERAL.—Section 1251 (relating to gain from disposition of 26 USC 1251. property used in farming w h e r e farm losses offset nonfarm income) is hereby repealed. (b) TECHNICAL AND CONFORMING AMENDMENTS.—

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