106 STAT. 300 PUBLIC LAW 102-318—JULY 3, 1992 Subtitle A—Extension of Phaseout of Personal Exemptions; Corporate Estimated Tax Provisions SEC. 511. EXTENSION OF PHASEOUT OF PERSONAL EXEMPTIONS. 26 USC 151. Subparagraph (E) of section 151(d)(3) (relating to termination of phaseout) is amended by striking "December 31, 1995" and inserting "December 31, 1996". SEC. 512. CORPORATE ESTIMATED TAX PROVISIONS. 26 USC 6655. (a) GENERAL RuLE.—Subsection (d) of section 6655 (relating to amoiuit of required installments) is amended— (1) by striking "90 percent" each place it appears in paragraph (l)(B)(i) and inserting "91 percent", (2) by striking "90 PERCENT" in the heading of paragraph (2) and inserting "91 PERCENT", and (3) by striking paragraph (3) and inserting the following new paragraph: "(3) TEMPORARY INCREASE IN AMOUNT OF INSTALLMENT BASED ON CURRENT YEAR TAX. —In the case of any taxable year beginning after June 30, 1992, and before 1997— "(A) paragraph (IXBXi) and subsection (e)(3)(A)(i) shall be applied by substituting '97 percent' for "91 percent* each place it appears, and "(B) the table contained in subsection (e)(2)(B)(ii) shall be applied by substituting '24.25', '48.50', '72.75', and '97 ' for '22.75', '45.50', '68.25', and '91.00', respectively. " (b) CONFORMING AMENDMENTS.— . (1) Clause (ii) of section 6655(e)(2)(B) is amended by striking the table contained therein and inserting the following new table: '^ the case of the followinif The applicable required installments: percentage is: 1st 22.75 2nd 45.50 3rd 68.25 4th 91.00." (2) Clause (i) of section 6655(e)(3)(A) is amended by striking "90 percent" and inserting "91 percent". 26 USC 6655 (c) EFFECTIVE DATE.— The amendments made by this section shall ^°^- apply to taxable years beginning after June 30, 1992. Subtitle B—Pension Distributions Retirement. SEC. 521. TAXABILITY OF BENEFICIARY OF QUALIFIED PLAN. 26 USC 402. (a) IN GENERAL. —So much of section 402 (relating to taxability of beneficiary of employees' trust) as precedes subsection (g) thereof is amended to read as follows: SEC. 402. TAXABILITY OF BENEFICIARY OF EMPLOYEES' TRUST. "(a) TAXABILITY OF BENEFICIARY OF EXEMPT TRUST.— Except as otherwise provided in this section, any amount actually distributed to any distributee by any employees' trust described in section 401(a) which is exempt from tax under section 501(a) shall be
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