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II. EXPLANATION OF THE BILL
TITLE I.–-TECHNICAL CORRECTIONS TO THE TAX REFORM ACT
OF 1986
The technical correction titles (Title I and Title
II)[2] contain clerical, conforming and clarifying
amendments to the provisions enacted by the Tax Reform
Act of 1986 (P.L. 99-514) and other recently enacted
legislation. All amendments are [sic] made by these
titles are meant to carry out the intent of Congress in
enacting the original legislation. Therefore, no
separate “Reasons for Change” is set forth for each
individual amendment. Except as otherwise described,
the amendments made by the technical correction titles
will take effect as if included in the original
legislation to which each amendment relates.
The report’s descriptions of the amendments to the
definitions of “investment interest” and “personal interest” are
identical to the descriptions in the staff pamphlet describing
the introduced bill which are identical to the 1987 committee
report descriptions of the same amendments, set forth supra.
H. Rept. 100-795, at 34, 35 (1988).
On August 3, 1988, the Finance Committee reported S. 2238
with an amendment that replaced the entire text of the introduced
bill. S. Rept. 100-445, 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) as introduced in 1987 in H.R. 2636 and S. 1350,
2 The Ways and Means Committee’s amendment added titles III
(Substantive Tax Provisions) and IV (Ways and Means Subcommittee
Provisions), and changed the short title of the bill (sec. 1(a))
to Miscellaneous Revenue Act of 1988.
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