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of the bills were identical to paragraphs (1) and (4) of section
105(c) of H.R. 2636 and S. 1350 as introduced on June 10, 1987,
set forth supra.
Section 121 of the bills (H.R. 4333 and S. 2238) provided
that these amendments “shall take effect as if included in the
provision of the Reform Act to which such amendment relates.”
On April 6, 1988, the staff of the Joint Committee on
Taxation released its Description of the Technical Corrections
Act of 1988 (H.R. 4333 and S. 2238) (JCS-10-88), March 31, 1988.
At pages 34 and 35, the staff pamphlet descriptions of the above
amendments are identical to the committee report explanations of
the same amendments to the definitions of “investment interest”
and “personal interest” as proposed in 1987, set forth supra.
On July 26, 1988, the Ways and Means Committee reported H.R.
4333 with an amendment that replaced the entire text of the
introduced bill. H. Rept. 100-795, at 1 (1988). Paragraphs (1)
and (4) of section 105(c) of the Committee’s amendment are
identical to the introduced bill’s language and to paragraphs (1)
and (4) of section 105(c) of H.R. 2636 and S. 1350 as introduced
on June 10, 1987, set forth supra. The Committee’s report
states, in pertinent part, as follows (H. Rept. 100-795, at 3
(1988)):
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