Text: H.R.3594 — 106th Congress (1999-2000)All Information (Except Text)

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Public Law No: 106-573 (12/28/2000)

 
[106th Congress Public Law 573]
[From the U.S. Government Printing Office]


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[DOCID: f:publ573.106]


[[Page 114 STAT. 3061]]

Public Law 106-573
106th Congress

                                 An Act


 
 To repeal the modification of the installment method. <<NOTE: Dec. 28, 
                         2000 -  [H.R. 3594]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, <<NOTE: Installment Tax 
Correction Act of 2000.>> 

SECTION 1. <<NOTE: 26 USC 1 note.>> SHORT TITLE.

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

SEC. 2. <<NOTE: 26 USC 453 note.>> 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 <<NOTE: 26 USC 
453.>> (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installment method for accrual method taxpayers) is repealed effective 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.

    Approved December 28, 2000.

LEGISLATIVE HISTORY--H.R. 3594:
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CONGRESSIONAL RECORD, Vol. 146 (2000):
            Dec. 15, considered and passed House and Senate.

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