STUDY OF SECTION 482.

SEC. 11316. STUDY OF SECTION 482. (a) General Rule.— The Secretary of the Treasury or his delegate shall conduct a study of the application and administration of section 482 of the Internal Revenue Code of 1986. Such study shall include examination of— (1) the effectiveness of the amendments made by this part in increasing levels of compliance with such section 482, (2) use of advanced determination agreements with respect to issues under such section 482, (3) possible legislative or administrative changes to assist the Internal Revenue Service in increasing compliance with such section 482, and (4) coordination of the administration of such section 482 with similar provisions of foreign tax laws and with domestic nontax laws. (b) Report.— Not later than March 1, 1992, the Secretary of the Treasury or his delegate shall submit to the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate a report on the study conducted under subsection (a), together with such recommendations as he may deem advisable.