PUBLIC LAW 100-647—NOV. 10, 1988
102 STAT. 3735
"(2) 3-YEAR DURATION.—Any temporary regulation shall expire within 3 years after the date of issuance of such regulation. "(f)
IMPACT OF REGULATIONS ON SMALL BUSINESS REVIEWED.—
After the publication of any proposed regulation by the Secretary and before the promulgation of any final regulation by the Secretary which does not supersede a proposed regulation, the Secretary shall submit such regulation to the Administrator of the Small Business Administration for comment on the impact of such regulation on small business. The Administrator shall have 4 weeks from the date of submission to respond." (b) EFFECTIVE DATE.—The amendments made by this section shall 26 USC 7805 apply to any regulation issued after the date which is 10 days after note, the date of the enactment of this Act. SEC. 6233. CONTENT OF TAX DUE, DEFICIENCY, AND OTHER NOTICES.
(a) IN GENERAL.—Chapter 77 of the 1986 Code (relating to miscellaneous provisions) is further amended by adding at the end thereof the following new section: "SEC. 7521. CONTENT OF TAX DUE, DEFICIENCY, AND OTHER NOTICES.
"(a) GENERAL RULE.—Any notice to which this section applies shall describe the basis for, and identify the amounts (if any) of, the tax due, interest, additional amounts, additions to the tax, and Eissessable penalties included in such notice. An inadequate description under the preceding sentence shall not invalidate such notice. "(b) NOTICES TO WHICH SECTION APPLIES.—This section shall apply to— "(1) any tax due notice or deficiency notice described in section 6155, 6212, or 6303, "(2) any notice generated out of any information return matching program, and "(3) the 1st letter of proposed deficiency which allows the taxpayer an opportunity for administrative review in the Internal Revenue Service Office of Appeals." (b) CLERICAL AMENDMENT.—The table of sections for chapter 77 of the 1986 Code is further amended by adding at the end thereof the following new item: "Sec. 7521. Content of tax due, deficiency, and other notices." EFFECTIVE DATE.—The amendments made by this section
(c) shall 26 USC 7521 apply to mailings made on or after January 1, 1990. note. (d) REPORT.—Not later than July 1, 1989, the Secretary of the Treasury or his delegate shall submit a report to the Committee on Ways and Mesms of the House of Representatives and the Committee on Finance of the Senate on the steps taken to carry out the amendments made by this section. SEC. 6234. INSTALLMENT PAYMENT OF TAX LIABILITY.
(a) IN GENERAL.—Subchapter A of chapter 62 of the 1986 Code (relating to place and due date for payment of tax) is amended by adding at the end thereof the following new section: "SEC. 6159. AGREEMENTS FOR PAYMENT OF TAX LIABILITY IN INSTALLMENTS.
"(a)
AUTHORIZATION
OF AGREEMENTS.—The Secretary is
au-
thorized to enter into written agreements with any taxpayer under which such taxpayer is allowed to satisfy liability for payment of
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