[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 2005 Introduced in Senate (IS)]







106th CONGRESS
  2d Session
                                S. 2005

         To repeal the modification of the installment method.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 26, 2000

 Mr. Burns (for himself, Mr. Nickles, Mr. Roberts, Mr. Grams, and Mr. 
    Allard) introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 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. REPEAL OF MODIFICATION OF INSTALLMENT METHOD.

    (a) In General.--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taxpayers) is repealed effective with respect to sales and other 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 section (and the amendments made by 
that section) had not been enacted.
                                 <all>