H. R. 2488—176 
into the general fund of the Treasury amounts equivalent 
to— 
‘‘(i) amounts paid under— 
‘‘(I) section 6420 (relating to amounts paid 
in respect of gasoline used on farms), 
‘‘(II) section 6421 (relating to amounts paid 
in respect of gasoline used for certain nonhighway 
purposes or by local transit systems), and 
‘‘(III) section 6427 (relating to fuels not used 
for taxable purposes), and 
‘‘(ii) credits allowed under section 34, 
with respect to the taxes imposed by section 4041(d) or 
by sections 4081 and 4091 (to the extent attributable to 
the Leaking Underground Storage Tank Trust Fund 
financing rate or the Environmental Remediation Trust 
Fund financing rate under such sections). 
‘‘(B) TRANSFERS
BASED
ON
ESTIMATES.—Transfers 
under subparagraph (A) shall be made on the basis of 
estimates by the Secretary, and proper adjustments shall 
be made in amounts subsequently transferred to the extent 
prior estimates were in excess of or less than the amounts 
required to be transferred. 
‘‘(d) LIABILITY OF UNITED STATES LIMITED TO AMOUNT IN TRUST 
FUND.— 
‘‘(1) GENERAL RULE.—Any claim filed against the Environ-
mental Remediation Trust Fund may be paid only out of the 
Environmental Remediation Trust Fund. 
‘‘(2) COORDINATION WITH OTHER PROVISIONS.—Nothing in 
CERCLA or the Superfund Amendments and Reauthorization 
Act of 1986 (or in any amendment made by either of such 
Acts) shall authorize the payment by the United States Govern-
ment of any amount with respect to any such claim out of 
any source other than the Environmental Remediation Trust 
Fund. 
‘‘(3) ORDER IN WHICH UNPAID CLAIMS ARE TO BE PAID.— 
If at any time the Environmental Remediation Trust Fund 
has insufficient funds to pay all of the claims payable out 
of the Environmental Remediation Trust Fund at such time, 
such claims shall, to the extent permitted under paragraph 
(1), be paid in full in the order in which they were finally 
determined. 
‘‘(e) SEPARATE ACCOUNTING
IF SUPERFUND REAUTHORIZED.— 
‘‘(1) IN GENERAL.—If a Federal law is enacted after Sep-
tember 30, 1999, which authorizes expenditures out of the 
Environmental Remediation Trust Fund for purposes of car-
rying out provisions of CERCLA not described in subsection 
(c)(1)(A), this section shall be applied as if such Fund consisted 
of two accounts: a Superfund Account and a Leaking Under-
ground Storage Tank Account. 
‘‘(2) AMOUNTS IN ACCOUNTS.— 
‘‘(A) 
LEAKING
UNDERGROUND
STORAGE
TANK 
ACCOUNT.—The 
Leaking 
Underground 
Storage 
Tank 
Account— 
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H. R. 2488—177 
‘‘(i) shall consist of amounts which would have 
been appropriated or credited to the Leaking Under-
ground Storage Tank Trust Fund but for the amend-
ments made by section 1321 of the Taxpayer Refund 
and Relief Act of 1999, and 
‘‘(ii) shall be available, as provided in appropriation 
Acts, for the purposes for which the Leaking Under-
ground Storage Tank Trust Fund was available (as 
in effect on the day before the date of the enactment 
of such amendments). 
‘‘(B) SUPERFUND ACCOUNT.—The Superfund Account— 
‘‘(i) shall consist of amounts which would have 
been appropriated or credited to the Hazardous Sub-
stance Superfund but for such amendments, and 
‘‘(ii) shall be available, as provided in appropriation 
Acts, for the purposes for which the Hazardous Sub-
stance Superfund was available (as so in effect). 
‘‘(3) OPENING BALANCES.— 
‘‘(A) 
LEAKING
UNDERGROUND
STORAGE
TANK 
ACCOUNT.—The balance in the Leaking Underground Stor-
age Tank Account as of the date of the enactment of the 
Federal law referred to in paragraph (1) shall be the sum 
of— 
‘‘(i) the amount which bears the same ratio to 
the balance in such Trust Fund as of such date, bears 
to the sum of the balances (as of the close of September 
30, 1999) in Leaking Underground Storage Tank Trust 
Fund and the Hazardous Substance Superfund, and 
‘‘(ii) the aggregate amount appropriated to the 
Environmental Remediation Trust Fund after Sep-
tember 30, 1999, by reason of taxes received in the 
Treasury. 
‘‘(B) SUPERFUND ACCOUNT.—The balance in the Super-
fund Account as of the date of the enactment of the Federal 
law referred to in paragraph (1) shall be the excess of 
the balance in such Trust Fund as of such date over the 
balance of the Leaking Underground Storage Tank Account 
determined under subparagraph (A). 
‘‘(4) SPECIAL
TRANSFER
RULE.—If the balance in the 
Environmental Remediation Trust Fund as of the date of the 
enactment of the Federal law referred to in paragraph (1) 
is less than the required balance for the Leaking Underground 
Storage Tank Account, amounts otherwise required to be depos-
ited in the Superfund Account shall be reduced (to the extent 
of the shortfall) and deposited into the Leaking Underground 
Storage Tank Account.’’. 
(b) CONFORMING AMENDMENTS.— 
(1) Subsections (c) and (e) of section 4611 are each amended 
by striking ‘‘Hazardous Substance Superfund’’ each place it 
appears and inserting ‘‘Environmental Remediation Trust 
Fund’’. 
(2) Subsection (c) of section 4661 is amended by striking 
‘‘Hazardous Substance Superfund’’ and inserting ‘‘Environ-
mental Remediation Trust Fund’’. 
(3) Sections 4041(d), 4042(b), 4081(a)(2)(B), 4081(d)(3), 
4091(b), 4092(b), 6421(f ), and 6427(l) are each amended by 
striking ‘‘Leaking Underground Storage Tank’’ each place it 
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H. R. 2488—178 
appears (other than the headings) and inserting ‘‘Environ-
mental Remediation’’. 
(4) The heading for subsection (d) of section 4041 is 
amended by striking ‘‘LEAKING UNDERGROUND STORAGE TANK’’ 
and inserting ‘‘ENVIRONMENTAL REMEDIATION’’. 
(5) The headings for subsections (a)(2)(B) and (d)(3) of 
section 4081 and section 4091(b)(2) are each amended by 
striking ‘‘LEAKING UNDERGROUND STORAGE TANK’’ and inserting 
‘‘ENVIRONMENTAL REMEDIATION’’. 
(c) EFFECTIVE DATE.—The amendments made by this section 
shall take effect on October 1, 1999. 
(d) ENVIRONMENTAL REMEDIATION TRUST FUND TREATED
AS 
CONTINUATION OF OLD TRUST FUNDS.—The Environmental Remedi-
ation Trust Fund established by the amendments made by this 
section shall be treated for all purposes of law as a continuation 
of both the Hazardous Substance Superfund and the Leaking 
Underground Storage Tank Trust Fund. Any reference in any law 
to the Hazardous Substance Superfund or the Leaking Underground 
Storage Tank Trust Fund shall be deemed to include (wherever 
appropriate) a reference to the Environmental Remediation Trust 
Fund established by such amendments. 
SEC. 1322. REPEAL OF CERTAIN MOTOR FUEL EXCISE TAXES ON FUEL 
USED BY RAILROADS AND ON INLAND WATERWAY 
TRANSPORTATION. 
(a) REPEAL OF LEAKING UNDERGROUND STORAGE TANK TRUST 
FUND TAXES ON FUEL USED IN TRAINS.— 
(1) IN
GENERAL.—Paragraph (1) of section 4041(d) is 
amended by adding at the end the following new sentence: 
‘‘The preceding sentence shall not apply to any sale for use, 
or use, of fuel in a diesel-powered train.’’. 
(2) CONFORMING AMENDMENTS.— 
(A) Paragraph (3) of section 6421(f ) is amended by 
striking ‘‘with respect to—’’ and all that follows through 
‘‘so much of’’ and inserting ‘‘with respect to so much of’’. 
(B) Paragraph (3) of section 6427(l) is amended by 
striking ‘‘with respect to—’’ and all that follows through 
‘‘so much of’’ and inserting ‘‘with respect to so much of’’. 
(b) REPEAL OF 4.3-CENT MOTOR FUEL EXCISE TAXES ON RAIL-
ROADS AND INLAND WATERWAY TRANSPORTATION WHICH REMAIN 
IN GENERAL FUND.— 
(1) TAXES ON TRAINS.— 
(A) 
IN
GENERAL.—Subparagraph 
(A) 
of 
section 
4041(a)(1) is amended by striking ‘‘or a diesel-powered 
train’’ each place it appears and by striking ‘‘or train’’. 
(B) CONFORMING AMENDMENTS.— 
(i) Subparagraph (C) of section 4041(a)(1) is 
amended by striking clause (ii) and by redesignating 
clause (iii) as clause (ii). 
(ii) Subparagraph (C) of section 4041(b)(1) is 
amended 
by 
striking 
all 
that 
follows 
‘‘section 
6421(e)(2)’’ and inserting a period. 
(iii) Paragraph (3) of section 4083(a) is amended 
by striking ‘‘or a diesel-powered train’’. 
(iv) Section 6421(f ) is amended by striking para-
graph (3). 
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H. R. 2488—179 
(v) Section 6427(l) is amended by striking para-
graph (3). 
(2) FUEL USED ON INLAND WATERWAYS.— 
(A) IN GENERAL.—Paragraph (1) of section 4042(b) is 
amended by adding ‘‘and’’ at the end of subparagraph (A), 
by striking ‘‘, and’’ at the end of subparagraph (B) and 
inserting a period, and by striking subparagraph (C). 
(B) CONFORMING AMENDMENT.—Paragraph (2) of sec-
tion 4042(b) is amended by striking subparagraph (C). 
(c) EFFECTIVE DATE.—The amendments made by this subsection 
shall take effect on October 1, 1999 (October 1, 2003, in the case 
of the amendments made by subsection (b)), but shall not take 
effect if section 1321 does not take effect. 
SEC. 1323. REPEAL OF EXCISE TAX ON FISHING TACKLE BOXES. 
(a) REPEAL.—Paragraph (6) of section 4162(a) (defining sport 
fishing equipment) is amended by striking subparagraph (C) and 
by redesignating subparagraphs (D) through (J) as subparagraphs 
(C) through (I), respectively. 
(b) MODIFICATION OF TRANSFER TO AQUATIC RESOURCES TRUST 
FUND.—Section 9503(b)(4)(D) is amended— 
(1) by striking ‘‘11.5 cents’’ in clause (i) and inserting 
‘‘11.7 cents’’, 
(2) by striking ‘‘13 cents’’ in clause (ii) and inserting ‘‘13.2 
cents’’, and 
(3) by striking ‘‘13.5 cents’’ in clause (iii) and inserting 
‘‘13.7 cents’’. 
(c) EFFECTIVE DATE.—The amendments made by this section 
shall take effect 30 days after the date of the enactment of this 
Act. 
SEC. 1324. CLARIFICATION OF EXCISE TAX IMPOSED ON ARROW 
COMPONENTS. 
(a) IN GENERAL.—Paragraph (2) of section 4161(b) (relating 
to bows and arrows, etc.) is amended to read as follows: 
‘‘(2) ARROWS.— 
‘‘(A) IN
GENERAL.—There is hereby imposed on the 
sale by the manufacturer, producer, or importer of any 
shaft, point, article used to attach a point to a shaft, 
nock, or vane of a type used in the manufacture of any 
arrow which after its assembly— 
‘‘(i) measures 18 inches overall or more in length, 
or 
‘‘(ii) measures less than 18 inches overall in length 
but is suitable for use with a bow described in para-
graph (1)(A), 
a tax equal to 12.4 percent of the price for which so sold. 
‘‘(B) REDUCED RATE ON CERTAIN HUNTING POINTS.— 
Subparagraph (A) shall be applied by substituting ‘11 per-
cent’ for ‘12.4 percent’ in the case of a point which is 
designed primarily for use in hunting fish or large ani-
mals.’’. 
(b) EFFECTIVE DATE.—The amendment made by this section 
shall apply to articles sold by the manufacturer, producer, or 
importer after the close of the first calendar month ending more 
than 30 days after the date of the enactment of this Act. 
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H. R. 2488—180 
SEC. 1325. EXEMPTION FROM TICKET TAXES FOR CERTAIN TRANSPOR-
TATION PROVIDED BY SMALL SEAPLANES. 
(a) IN GENERAL.—Section 4281 (relating to small aircraft on 
nonestablished lines) is amended to read as follows: 
‘‘SEC. 4281. SMALL AIRCRAFT. 
‘‘The taxes imposed by sections 4261 and 4271 shall not apply 
to— 
‘‘(1) transportation by an aircraft having a maximum certifi-
cated takeoff weight of 6,000 pounds or less, except when 
such aircraft is operated on an established line, and 
‘‘(2) transportation by a seaplane having a maximum certifi-
cated takeoff weight of 6,000 pounds or less with respect to 
any segment consisting of a takeoff from, and a landing on, 
water. 
For purposes of the preceding sentence, the term ‘maximum certifi-
cated takeoff weight’ means the maximum such weight contained 
in the type certificate or airworthiness certificate.’’. 
(b) CLERICAL AMENDMENT.—The table of sections for part III 
of subchapter C of chapter 33 is amended by striking ‘‘on nonestab-
lished lines’’ in the item relating to section 4281. 
(c) EFFECTIVE DATE.—The amendments made by this section 
shall apply to amounts paid for transportation beginning after 
December 31, 1999, but shall not apply to any amount paid on 
or before such date with respect to taxes imposed by sections 
4261 and 4271 of the Internal Revenue Code of 1986. 
SEC. 1326. MODIFICATION OF RURAL AIRPORT DEFINITION. 
(a) IN GENERAL.—Clause (ii) of section 4261(e)(1)(B) (defining 
rural airport) is amended by striking the period at the end of 
subclause (II) and inserting ‘‘, or’’, and by adding at the end the 
following new subclause: 
‘‘(III) is not connected by paved roads to 
another airport.’’. 
(b) EFFECTIVE DATE.—The amendments made by this section 
shall apply to calendar years beginning after 1999. 
Subtitle D—Other Provisions 
SEC. 1331. TAX-EXEMPT FINANCING OF QUALIFIED HIGHWAY INFRA-
STRUCTURE CONSTRUCTION. 
(a) TREATMENT AS EXEMPT FACILITY BOND.—A bond described 
in subsection (b) shall be treated as described in section 141(e)(1)(A) 
of the Internal Revenue Code of 1986, except that— 
(1) section 146 of such Code shall not apply to such bond, 
and 
(2) section 147(c)(1) of such Code shall be applied by sub-
stituting ‘‘any portion of’’ for ‘‘25 percent or more’’. 
(b) BOND DESCRIBED.— 
(1) IN GENERAL.—A bond is described in this subsection 
if such bond is issued after December 31, 1999, as part of 
an issue— 
(A) 95 percent or more of the net proceeds of which 
are to be used to provide a qualified highway infrastructure 
project, and 
(B) to which there has been allocated a portion of 
the allocation to the project under paragraph (2)(C)(ii) 
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H. R. 2488—181 
which is equal to the aggregate face amount of bonds 
to be issued as part of such issue. 
(2) QUALIFIED HIGHWAY INFRASTRUCTURE PROJECTS.— 
(A) IN GENERAL.—For purposes of paragraph (1), the 
term ‘‘qualified highway infrastructure project’’ means a 
project— 
(i) for the construction or reconstruction of a high-
way, and 
(ii) designated under subparagraph (B) as an 
eligible pilot project. 
(B) ELIGIBLE PILOT PROJECT.— 
(i) IN GENERAL.—The Secretary of Transportation, 
in consultation with the Secretary of the Treasury, 
shall select not more than 15 highway infrastructure 
projects to be pilot projects eligible for tax-exempt 
financing. 
(ii) ELIGIBILITY CRITERIA.—In determining the cri-
teria necessary for the eligibility of pilot projects, the 
Secretary of Transportation shall include the following: 
(I) The project must serve the general public. 
(II) The project is necessary to evaluate the 
potential of the private sector’s participation in 
the provision of the highway infrastructure of the 
United States. 
(III) The project must be located on publicly- 
owned rights-of-way. 
(IV) The project must be publicly owned or 
the ownership of the highway constructed or 
reconstructed under the project must revert to the 
public. 
(V) The project must be consistent with a 
transportation plan developed pursuant to section 
134(g) or 135(e) of title 23, United States Code. 
(C) 
AGGREGATE
FACE
AMOUNT
OF
TAX-EXEMPT 
FINANCING.— 
(i) IN
GENERAL.—The aggregate face amount of 
bonds issued pursuant to this section shall not exceed 
$15,000,000,000, determined without regard to any 
bond the proceeds of which are used exclusively to 
refund (other than to advance refund) a bond issued 
pursuant to this section (or a bond which is a part 
of a series of refundings of a bond so issued) if the 
amount of the refunding bond does not exceed the 
outstanding amount of the refunded bond. 
(ii) ALLOCATION.—The Secretary of Transportation, 
in consultation with the Secretary of the Treasury, 
shall allocate the amount described in clause (i) among 
the eligible pilot projects designated under subpara-
graph (B). 
(iii) REALLOCATION.—If any portion of an allocation 
under clause (ii) is unused on the date which is 3 
years after such allocation, the Secretary of Transpor-
tation, in consultation with the Secretary of the 
Treasury, may reallocate such portion among the 
remaining eligible pilot projects. 
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H. R. 2488—182 
SEC. 1332. TAX TREATMENT OF ALASKA NATIVE SETTLEMENT TRUSTS. 
(a) IN GENERAL.—Subpart A of part I of subchapter J of chapter 
1 (relating to general rules for taxation of trusts and estates) 
is amended by adding at the end the following new section: 
‘‘SEC. 646. ELECTING ALASKA NATIVE SETTLEMENT TRUSTS. 
‘‘(a) IN GENERAL.—Except as otherwise provided in this section, 
the provisions of this subchapter and section 1(e) shall apply to 
all Settlement Trusts. 
‘‘(b) BENEFICIARIES OF ELECTING TRUST NOT TAXED ON CON-
TRIBUTIONS.— 
‘‘(1) IN GENERAL.—In the case of a Settlement Trust for 
which an election under paragraph (2) is in effect for any 
taxable year, no amount shall be includible in the gross income 
of a beneficiary of the Settlement Trust by reason of a contribu-
tion to the Settlement Trust made during such taxable year. 
‘‘(2) ONE-TIME ELECTION.— 
‘‘(A) IN GENERAL.—A Settlement Trust may elect to 
have the provisions of this section apply to the trust and 
its beneficiaries. 
‘‘(B) TIME
AND
METHOD
OF
ELECTION.—An election 
under subparagraph (A) shall be made— 
‘‘(i) on or before the due date (including extensions) 
for filing the Settlement Trust’s return of tax for the 
first taxable year of the Settlement Trust ending after 
December 31, 1999, and 
‘‘(ii) by attaching to such return of tax a statement 
specifically providing for such election. 
‘‘(C) PERIOD ELECTION IN EFFECT.—Except as provided 
in paragraph (3), an election under subparagraph (A)— 
‘‘(i) shall apply to the first taxable year described 
in subparagraph (B)(i) and all subsequent taxable 
years, and 
‘‘(ii) may not be revoked once it is made. 
‘‘(c) SPECIAL RULES WHERE TRANSFER RESTRICTIONS MODI-
FIED.— 
‘‘(1) TRANSFER OF BENEFICIAL INTERESTS.—If, at any time, 
a beneficial interest in a Settlement Trust may be disposed 
of to a person in a manner which would not be permitted 
by section 7(h) of the Alaska Native Claims Settlement Act 
(43 U.S.C. 1606(h)) if the interest were Settlement Common 
Stock— 
‘‘(A) no election may be made under subsection (b)(2) 
with respect to such trust, and 
‘‘(B) if such an election is in effect as of such time, 
such election shall cease to apply for purposes of subsection 
(b)(1) as of the first day of the taxable year following 
the taxable year in which such disposition is first per-
mitted. 
‘‘(2) STOCK IN CORPORATION.—If— 
‘‘(A) the Settlement Common Stock in any Native Cor-
poration which transferred assets to a Settlement Trust 
making an election under subsection (b)(2) may be disposed 
of to a person in a manner not permitted by section 7(h) 
of the Alaska Native Claims Settlement Act (43 U.S.C. 
1606(h)), and 
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H. R. 2488—183 
‘‘(B) at any time after such disposition of stock is 
first permitted, such corporation transfers assets to such 
trust, 
subparagraph (B) of paragraph (1) shall be applied to such 
trust on and after the date of the transfer in the same manner 
as if the trust permitted dispositions of beneficial interests 
in the trust in a manner not permitted by such section 7(h). 
‘‘(c) TAX TREATMENT OF DISTRIBUTIONS TO BENEFICIARIES.— 
‘‘(1) IN GENERAL.—In the case of a Settlement Trust for 
which an election under subsection (b)(2) is in effect for any 
taxable year, any distribution to a beneficiary shall be included 
in gross income of the beneficiary as ordinary income to the 
extent such distribution reduces the earnings and profits of 
any Native Corporation making a contribution to such Trust. 
‘‘(2) EARNINGS AND PROFITS.—The earnings and profits of 
any Native Corporation making a contribution to a Settlement 
Trust shall not be reduced on account thereof at the time 
of such contribution, but such earnings and profits shall be 
reduced (up to the amount of such contribution) as distributions 
are thereafter made by the Settlement Trust which exceed 
the sum of— 
‘‘(A) such Trust’s total undistributed net income for 
all prior years during which an election under subsection 
(b)(2) is in effect, and 
‘‘(B) such Trust’s distributable net income. 
‘‘(d) DEFINITIONS.—For purposes of this section— 
‘‘(1) NATIVE CORPORATION.—The term ‘Native Corporation’ 
has the meaning given such term by section 3(m) of the Alaska 
Native Claims Settlement Act (43 U.S.C. 1602(m)). 
‘‘(2) SETTLEMENT
TRUST.—The term ‘Settlement Trust’ 
means a trust which constitutes a Settlement Trust under 
section 39 of the Alaska Native Claims Settlement Act (43 
U.S.C. 1629e).’’. 
(b) WITHHOLDING
ON DISTRIBUTIONS
BY ELECTING ANCSA 
SETTLEMENT TRUSTS.—Section 3402 is amended by adding at the 
end the following new subsection: 
‘‘(t) TAX WITHHOLDING ON DISTRIBUTIONS BY ELECTING ANCSA 
SETTLEMENT TRUSTS.— 
‘‘(1) IN
GENERAL.—Any Settlement Trust (as defined in 
section 646(d)) for which an election under section 646(b)(2) 
is in effect (in this subsection referred to as an ‘electing trust’) 
and which makes a payment to any beneficiary which is includ-
able in gross income under section 646(c) shall deduct and 
withhold from such payment a tax in an amount equal to 
such payment’s proportionate share of the annualized tax. 
‘‘(2) EXCEPTION.—The tax imposed by paragraph (1) shall 
not apply to any payment to the extent that such payment, 
when annualized, does not exceed an amount equal to the 
amount in effect under section 6012(a)(1)(A)(i) for taxable years 
beginning in the calendar year in which the payment is made. 
‘‘(3) ANNUALIZED TAX.—For purposes of paragraph (1), the 
term ‘annualized tax’ means, with respect to any payment, 
the amount of tax which would be imposed by section 1(c) 
(determined without regard to any rate of tax in excess of 
31 percent) on an amount of taxable income equal to the excess 
of— 
‘‘(A) the annualized amount of such payment, over 
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H. R. 2488—184 
‘‘(B) the amount determined under paragraph (2). 
‘‘(4) ANNUALIZATION.—For purposes of this subsection, 
amounts shall be annualized in the manner prescribed by the 
Secretary. 
‘‘(5) ALTERNATE WITHHOLDING PROCEDURES.—At the elec-
tion of an electing trust, the tax imposed by this subsection 
on any payment made by such trust shall be determined in 
accordance with such tables or computational procedures as 
may be specified in regulations prescribed by the Secretary 
(in lieu of in accordance with paragraphs (2) and (3)). 
‘‘(6) COORDINATION WITH OTHER SECTIONS.—For purposes 
of this chapter and so much of subtitle F as relates to this 
chapter, payments which are subject to withholding under this 
subsection shall be treated as if they were wages paid by 
an employer to an employee.’’. 
(c) REPORTING.—Section 6041 is amended by adding at the 
end the following new subsection: 
‘‘(f ) APPLICATION TO ALASKA NATIVE SETTLEMENT TRUSTS.— 
In the case of any distribution from a Settlement Trust (as defined 
in section 646(d)) to a beneficiary which is includable in gross 
income under section 646(c), this section shall apply, except that— 
‘‘(1) this section shall apply to such distribution without 
regard to the amount thereof, 
‘‘(2) the Settlement Trust shall include on any return or 
statement required by this section information as to the char-
acter of such distribution (if applicable) and the amount of 
tax imposed by chapter 1 which has been deducted and withheld 
from such distribution, and 
‘‘(3) the filing of any return or statement required by this 
section shall satisfy any requirement to file any other form 
or schedule under this title with respect to distributive share 
information (including any form or schedule to be included 
with the trust’s tax return).’’. 
(d) CLERICAL AMENDMENT.—The table of sections for subpart 
A of part I of subchapter J of chapter 1 is amended by adding 
at the end the following new item: 
‘‘Sec. 646. Electing Alaska Native Settlement Trusts.’’. 
(e) EFFECTIVE DATE.—The amendments made by this section 
shall apply to taxable years of Settlement Trusts ending after 
December 31, 1999, and to contributions to such trusts after such 
date. 
SEC. 1333. INCREASE IN THRESHOLD FOR JOINT COMMITTEE REPORTS 
ON REFUNDS AND CREDITS. 
(a) GENERAL RULE.—Subsections (a) and (b) of section 6405 
are each amended by striking ‘‘$1,000,000’’ and inserting 
‘‘$2,000,000’’. 
(b) EFFECTIVE DATE.—The amendment made by subsection (a) 
shall take effect on the date of the enactment of this Act, except 
that such amendment shall not apply with respect to any refund 
or credit with respect to a report that has been made before such 
date of the enactment under section 6405 of the Internal Revenue 
Code of 1986. 
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