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H.R.4516
Making appropriations for the Legislative Branch for the fiscal year
ending September 30, 2001, and for other purposes. (Enrolled Bill (Sent to
President))
SEC. 1003. REPEAL OF EXCISE TAX ON TELEPHONE AND OTHER COMMUNICATIONS
SERVICES.
(a) IN GENERAL- Chapter 33 of the Internal Revenue Code of 1986 (relating
to facilities and services) is amended by striking subchapter B.
(b) CONFORMING AMENDMENTS-
(1) Section 4293 of such Code is amended by striking `chapter 32 (other
than the taxes imposed by sections 4064 and 4121) and subchapter B of
chapter 33,' and inserting `and chapter 32 (other than the taxes imposed by
sections 4064 and 4121),'.
(2)(A) Paragraph (1) of section 6302(e) of such Code is amended by
striking `section 4251 or'.
(B) Paragraph (2) of section 6302(e) of such Code is amended by striking
`imposed by--' and all that follows through `with respect to' and inserting
`imposed by section 4261 or 4271 with respect to'.
(C) The subsection heading for section 6302(e) of such Code is amended
by striking `COMMUNICATIONS SERVICES AND'.
(3) Section 6415 of such Code is amended by striking `4251, 4261, or
4271' each place it appears and inserting `4261 or 4271'.
(4) Paragraph (2) of section 7871(a) of such Code is amended by
inserting `or' at the end of subparagraph (B), by striking subparagraph (C),
and by redesignating subparagraph (D) as subparagraph (C).
(5) The table of subchapters for chapter 33 of such Code is amended by
striking the item relating to subchapter B.
(c) STUDY REGARDING CONTINUING ECONOMIC BENEFIT OF REPEAL-
(1) STUDY- The Comptroller General of the United States, after
consultation with the Chairman of the Federal Communications Commission,
shall study and identify--
(A) the extent to which the benefits of the repeal of the excise tax on telephone and other communication
services under subsection (a) are passed through to individual and
business consumers, and
(B) any actions taken by communication service providers or others
that diminish such benefits, including increases in any regulated or
unregulated communication service provider charges or increases in other
Federal or State fees or taxes related to such service occurring since the
date of such repeal.
(2) REPORT- By not later than September 1, 2001, the Comptroller General
of the United States shall submit a report regarding the study described in
paragraph (1) to the Committee on Ways and Means of the House of
Representatives and the Committee on Finance of the Senate.
(d) EFFECTIVE DATE- The amendments made by this section shall apply to
amounts paid pursuant to bills first rendered after September 30, 2000.
Speaker of the House of Representatives.
Vice President of the United States and
President of the Senate.
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