UNIFORM REQUIREMENTS FOR RETURNS ON MAGNETIC MEDIA.

SEC. 7713. UNIFORM REQUIREMENTS FOR RETURNS ON MAGNETIC MEDIA. (a) General Rule.—Subsection (e) of section 6011 (relating to regulations requiring returns on magnetic tape, etc.) is amended to read as follows: “(e) Regulations Requiring Returns on Magnetic Media, Etc.— “(1) In general.—The Secretary shall prescribe regulations providing standards for determining which returns must be filed on magnetic media or in other machine-readable form. The Secretary may not require returns of any tax imposed by subtitle A on individuals, estates, and trusts to be other than on paper forms supplied by the Secretary. “(2) Requirements of regulations.— In prescribing regulations under paragraph (1), the Secretary— “(A) shall not require any person to file returns on magnetic media unless such person is required to file at least 250 returns during the calendar year, and “(B) shall take into account (among other relevant factors) the ability of the taxpayer to comply at reasonable cost with the requirements of such regulations.” (b) Effective Date.—The amendment made by subsection (a) shall apply to returns the due date for which (determined without regard to extensions) is after December 31, 1989.