[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3594 Enrolled Bill (ENR)]

        H.R.3594

                       One Hundred Sixth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

           Begun and held at the City of Washington on Monday,
             the twenty-fourth day of January, two thousand


                                 An Act


 
          To repeal the modification of the installment method.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Installment Tax Correction Act of 
2000''.

SEC. 2. REPEAL OF MODIFICATION OF INSTALLMENT METHOD.

    (a) In General.--Subsection (a) of section 536 of the Ticket to 
Work and Work Incentives Improvement Act of 1999 (relating to 
modification of installment method and repeal of installment method for 
accrual method taxpayers) is repealed effective with respect to sales 
and other dispositions occurring on or after the date of the enactment 
of such Act.
    (b) Applicability.--The Internal Revenue Code of 1986 shall be 
applied and administered as if that subsection (and the amendments made 
by that subsection) had not been enacted.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.