MISCELLANEOUS AMENDMENTS.

SEC. 11703. MISCELLANEOUS AMENDMENTS. (a) Sales To Comply With Conflict-of-Interest Requirements.— (1) In general.— Subsection (a) of section 1043 is amended by striking “reduced by any basis adjustment under subsection (c) 104 STAT. 1388–517attributable to a prior sale” and inserting “to the extent not previously taken into account under this subsection”. (2) Effective date.— The amendment made by paragraph (1) shall apply to sales after November 30, 1989. (b) Conforming Amendment to Repeal of Section 89.— (1) In general.— Subparagraph (B) of section 414(n)(2) is amended by striking “(6 months in the case of core health benefits)”. (2) Effective date.— The amendment made by subsection (a) shall take effect as if included in the amendments made by section 1151 of the Tax Reform Act of 1986. (c) Amendments to Generation-Skipping Transfer Tax.— (1) Subparagraph (B) of section 2642(c)(2) is amended by striking “such individual dies before the trust is terminated” and inserting “the trust does not terminate before the individual dies”. (2) Paragraph (2) of section 2642(c) is amended by adding at the end thereof the following new sentence: “Rules similar to the rules of section 2652(c)(3) shall apply for purposes of subparagraph (A).” (3) Subparagraph (O of section 1433(b)(2) of the Tax Reform Act of 1986 shall not exempt any generation-skipping transfer from the amendments made by subtitle D of title XVI of such Act to the extent such transfer is attributable to property transferred by gift or by reason of the death of another person to the decedent (or trust) referred to in such subparagraph after August 3, 1990. (4) The amendments made by paragraphs (1) and (2) shall apply to transfers after March 31, 1988. (d) Treatment of Certain Partnership Interest Under Section 1031.— (1) In general.— Paragraph (2) of section 1031(a) is amended by adding at the end thereof the following new sentence: “For purposes of this section, an interest in a partnership which has in effect a valid election under section 761(a) to be excluded from the application of all of subchapter K shall be treated as an interest in each of the assets of such partnership and not as an interest in a partnership.” (2) Effective date.— The amendment made by paragraph (1) shall apply to transfers after July 18, 1984. (e) Treatment of Certain Separated Employees.— (1) In general.— Paragraph (6) of section 79(d) is amended by striking “any retired employee” and inserting “any former employee”. (2) Effective date.— The amendment made by paragraph (1) shall apply to employees separating from service after the date of the enactment of this Act. (f) Treatment of Certain Medical Care Reimbursements Under Wage Withholding.— (1) In general.— Subsection (a) of section 3401 is amended by striking “or” at the end of paragraph (18), by striking the period at the end of paragraph (19) and inserting “, or”, and by adding at the end thereof the following new paragraph: “(20) for any medical care reimbursement made to or for the benefit of an employee under a self-insured medical reimbursement plan (within the meaning of section 105(h)(6)).” 104 STAT. 1388–518 (2) Effective date.— The amendment made by paragraph (1) shall apply as if included in the amendments made by section 1151 of the Tax Reform Act of 1986 but shall not apply to any amount paid before the date of the enactment of this Act which the employer treated as wages for purposes of chapter 24 of the Internal Revenue Code of 1986 when paid. (g) Treatment of Certain Interests Under Windfall Profit Tax.— (1) In general.— Paragraph (1) of section 1879(o) of the Tax Reform Act of 1986 is amended by striking “held by” and inserting “held by the Protestant Episcopal Church Foundation of the Diocese of Oklahoma or held by”. (2) Effective date.— The amendment made by paragraph (1) shall take effect as if included in section 1879(o) of the Tax Reform Act of 1986.