413
ment obligations) is amended by adding at the end the
following: ‘‘A payment shall be treated as directly secured
by an interest in an installment obligation to the extent
an arrangement allows the taxpayer to satisfy all or a por-
tion of the indebtedness with the installment obligation.’’
(c) EFFECTIVE DATE.—The amendments made by
this section shall apply to sales or other dispositions occur-
ring on or after the date of the enactment of this Act.
TITLE XVI—TECHNICAL
CORRECTIONS
SEC. 1601. AMENDMENTS RELATED TO TAX AND TRADE RE-
LIEF EXTENSION ACT OF 1998.
(a) AMENDMENT RELATED TO SECTION 1004(b) OF
THE ACT.—Subsection (d) of section 6104 is amended by
adding at the end the following new paragraph:
‘‘(6) APPLICATION
TO
NONEXEMPT
CHARI-
TABLE TRUSTS AND NONEXEMPT PRIVATE FOUNDA-
TIONS.—The organizations referred to in paragraphs
(1) and (2) of section 6033(d) shall comply with the
requirements of this subsection relating to annual
returns filed under section 6033 in the same manner
as the organizations referred to in paragraph (1).’’
(b) AMENDMENTS RELATED TO SECTION 4003 OF
THE ACT.—
414
(1) Subsection (b) of section 4003 of the Tax
and Trade Relief Extension Act of 1998 is amended
by inserting ‘‘(7)(A)(i)(II),’’ after ‘‘(5)(A)(ii)(I),’’.
(2) Subparagraph (A) of section 9510(c)(1) is
amended by striking ‘‘August 5, 1997’’ and insert-
ing ‘‘October 21, 1998’’.
(c) VACCINE TAX AND TRUST FUND.—Sections 1503
and 1504 of the Vaccine Injury Compensation Program
Modification Act (and the amendments made by such sec-
tions) are hereby repealed.
(d) EFFECTIVE DATE.—The amendments made by
this section shall take effect as if included in the provisions
of the Tax and Trade Relief Extension Act of 1998 to
which they relate.
SEC. 1602. AMENDMENTS RELATED TO INTERNAL REVENUE
SERVICE RESTRUCTURING AND REFORM ACT
OF 1998.
(a) AMENDMENT RELATED TO 1103 OF THE ACT.—
Paragraph (6) of section 6103(k) is amended—
(1) by inserting ‘‘and an officer or employee of
the Office of Treasury Inspector General for Tax
Administration’’ after ‘‘internal revenue officer or
employee’’, and
(2) by striking ‘‘INTERNAL REVENUE’’ in the
heading and inserting ‘‘CERTAIN’’.
415
(b) AMENDMENT RELATED TO SECTION 3509 OF
THE ACT.—Subparagraph (A) of section 6110(g)(5) is
amended by inserting ‘‘, any Chief Counsel advice,’’ after
‘‘technical advice memorandum’’.
(c) EFFECTIVE DATE.—The amendments made by
this section shall take effect as if included in the provisions
of the Internal Revenue Service Restructuring and Reform
Act of 1998 to which they relate.
SEC. 1603. AMENDMENTS RELATED TO TAXPAYER RELIEF
ACT OF 1997.
(a) AMENDMENT RELATED TO SECTION 302 OF THE
ACT.—The last sentence of section 3405(e)(1)(B) is
amended by inserting ‘‘(other than a Roth IRA)’’ after
‘‘individual retirement plan’’.
(b) AMENDMENTS RELATED TO SECTION 1072 OF
THE ACT.—
(1) Clause (ii) of section 415(c)(3)(D) and sub-
paragraph (B) of section 403(b)(3) are each amend-
ed by striking ‘‘section 125 or’’ and inserting ‘‘sec-
tion 125, 132(f)(4), or’’.
(2) Paragraph (2) of section 414(s) is amended
by striking ‘‘section 125, 402(e)(3)’’ and inserting
‘‘section 125, 132(f)(4), 402(e)(3)’’.
(c) AMENDMENT RELATED TO SECTION 1454 OF
THE ACT.—Subsection (a) of section 7436 is amended by
416
inserting before the period at the end of the first sentence
‘‘and the proper amount of employment tax under such
determination’’.
(d) EFFECTIVE DATE.—The amendments made by
this section shall take effect as if included in the provisions
of the Taxpayer Relief of 1997 to which they relate.
SEC. 1604. OTHER TECHNICAL CORRECTIONS.
(a) AFFILIATED CORPORATIONS
IN CONTEXT
OF
WORTHLESS SECURITIES.—
(1) Subparagraph (A) of section 165(g)(3) is
amended to read as follows:
‘‘(A) the taxpayer owns directly stock in
such corporation meeting the requirements of
section 1504(a)(2), and’’.
(2) Paragraph (3) of section 165(g) is amended
by striking the last sentence.
(3) The amendments made by this subsection
shall apply to taxable years beginning after Decem-
ber 31, 1984.
(b) REFERENCE TO CERTAIN STATE PLANS.—
(1) Subparagraph (B) of section 51(d)(2) is
amended—
(A) by striking ‘‘plan approved’’ and in-
serting ‘‘program funded’’, and
417
(B) by striking ‘‘(relating to assistance for
needy families with minor children)’’.
(2) The amendment made by paragraph (1)
shall take effect as if included in the amendments
made by section 1201 of the Small Business Job
Protection Act of 1996.
(c) AMOUNT
OF IRA CONTRIBUTION
OF LESSER
EARNING SPOUSE.—
(1) Clause (ii) of section 219(c)(1)(B) is
amended by striking ‘‘and’’ at the end of subclause
(I), by redesignating subclause (II) as subclause
(III), and by inserting after subclause (I) the fol-
lowing new subclause:
‘‘(II) the amount of any des-
ignated nondeductible contribution (as
defined in section 408(o)) on behalf of
such spouse for such taxable year,
and’’.
(2) The amendment made by paragraph (1)
shall apply to taxable years beginning after Decem-
ber 31, 1999.
(d) MODIFIED ENDOWMENT CONTRACTS.—
(1) Paragraph (2) of section 7702A(a) is
amended by inserting ‘‘or this paragraph’’ before the
period.
418
(2) Clause (ii) of section 7702A(c)(3)(A) is
amended by striking ‘‘under the contract’’ and in-
serting ‘‘under the old contract’’.
(3) The amendments made by this subsection
shall take effect as if included in the amendments
made by section 5012 of the Technical and Miscella-
neous Revenue Act of 1988.
(e) LUMP-SUM DISTRIBUTIONS.—
(1) Clause (ii) of section 401(k)(10)(B) is
amended by adding at the end the following new
sentence: ‘‘Such term includes a distribution of an
annuity contract from—
‘‘(I) a trust which forms a part
of a plan described in section 401(a)
and which is exempt from tax under
section 501(a), or
‘‘(II) an annuity plan described
in section 403(a).’’
(2) The amendment made by paragraph (1)
shall take effect as if included in section 1401 of the
Small Business Job Protection Act of 1996.
(f) TENTATIVE
CARRYBACK
ADJUSTMENTS
OF
LOSSES FROM SECTION 1256 CONTRACTS.—