[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3594 Introduced in House (IH)]







106th CONGRESS
  2d Session
                                H. R. 3594

         To repeal the modification of the installment method.


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                    IN THE HOUSE OF REPRESENTATIVES

                            February 8, 2000

  Mr. Herger (for himself, Mr. Sweeney, Mr. Tanner, Mr. Collins, Mr. 
Matsui, Mr. Foley, Ms. Dunn, Mr. Ramstad, Mrs. Johnson of Connecticut, 
Mr. English, Mr. Houghton, Mr. Nussle, Mr. Lewis of Kentucky, Mr. Camp, 
  Mr. Shaw, Mr. Sam Johnson of Texas, Mr. Hayworth, Mr. McCrery, Mr. 
Watkins, Mr. McInnis, Mr. Crane, Mr. Weller, Mr. Armey, Mr. DeLay, Mr. 
  Blunt, Mr. Young of Alaska, Mrs. Northup, Mr. Walden of Oregon, Mr. 
Franks of New Jersey, Mr. Goode, Mr. Manzullo, Mr. Ewing, Mrs. McCarthy 
   of New York, Mr. Tancredo, Mr. Campbell, Mr. Reyes, Mr. Ose, Mr. 
McHugh, Mr. Paul, Mr. Kuykendall, Mr. Bartlett of Maryland, Mr. Hill of 
Montana, Mr. Terry, Mr. Latham, Mr. Isakson, Mr. Allen, Mr. Bachus, Mr. 
 Kingston, Mr. Burr of North Carolina, Mr. Hobson, Mr. LaTourette, Mr. 
 Cook, Mr. Abercrombie, Mr. Forbes, Mr. Sensenbrenner, Mr. Moore, Mr. 
 Sisisky, Mr. Frost, Mr. Combest, Mr. Istook, Mr. Skelton, Mr. Toomey, 
 Mr. Scarborough, Mr. Thompson of California, Mr. Smith of Texas, Mrs. 
 Kelly, Mrs. Bono, Mr. Burton of Indiana, Mr. Sessions, Mr. Kolbe, Mr. 
 Gekas, Mr. Ryan of Wisconsin, Mr. Deal of Georgia, Mr. Stenholm, Mr. 
Talent, Mr. Regula, Mr. Cardin, and Mr. Thune) introduced the following 
      bill; which was referred to the Committee on Ways and Means

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                                 A BILL


 
         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accrual method taxpayers) is repealed effective with respect to sales 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.
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