PROVISIONS RELATING TO PREVIOUSLY REQUIRED STUDIES.

SEC. 6252. PROVISIONS RELATING TO PREVIOUSLY REQUIRED STUDIES. (a) Repeal of Requirement for Certain Studies.— (1) PIK study.—Section 6 of the Payment-in-Kind Tax Treatment Act of 1983 is hereby repealed. (2) Accounting methods for inventory.—Section 238 of the Economic Recovery Tax Act of 1981 is hereby repealed. (b) Changes in Due Dates for Certain Periodic Studies.— (1) Reports on possessions corporations.—Effective for reports for calendar years after 1982, subsection (a) of section 441 of the Tax Reform Act of 1984 is amended by striking out “shall,” and all that follows through “setting forth” and inserting in lieu thereof “shall, during 1988 and each fourth calendar year thereafter, submit a report to the Congress (using the most recent information available) setting forth”. 102 STAT. 3753 (2) Reports on fsc provisions.— (A) Subsection (a) of section 804 of the Tax Reform Act of 1984 is amended by striking out “shall,” and all that follows through “setting forth” and inserting in lieu thereof “shall, during 1990 and each fourth calendar year thereafter, submit a report to the Congress (using the most recent information available) setting forth”. (B) The amendment made by subparagaph (A) shall take effect as if included in the amendments made by section 804(a) of the Tax Reform Act of 1984.