106 STAT. 3034 PUBLIC LAW 102-486—OCT. 24, 1992 SEC. 1939. REPORTING REQUIREMENTS WITH RESPECT TO CERTAIN APPORTIONED REAL ESTATE TAXES. (a) GENERAL RULE. —Paragraph (4) of section 6045(e) is amended to read as follows: "(4) ADDITIONAL INFORMATION REQUIRED. — In the case of a real estate transaction involving a residence, the real estate reporting person shall include the following information on the return under subsection (a) and on the statement under subsection (b):
- (A) The portion of any real property tax which is
treated as a tax imposed on the purchaser by reason of section 164(d)(l)(B). "(B) Whether or not the financing (if any) of the seller was federally-subsidized indebtedness (as defined in section 143(m)(3)). 26 USC 6045 (b) EFFECTIVE DATE.—The amendment made by subsection (a) '^*^' shall apply to transactions after December 31, 1992. SEC. 1940. USE OF EXCESS ASSETS OF BLACK LUNG BENEFIT TRUSTS FOR HEALTH CARE BENEFITS. (a) GENERAL RULE.— Paragraph (21) of section 501(c) is amended to read as follows: (21)(A) A trust or trusts established in writing, created or organized in the United States, and contributed to by any person (except an insurance company) if— "(i) the purpose of such trust or trusts is exclusively— " (I) to satisfy, in whole or in part, the liability of such person for, or with respect to, claims for compensation for disability or death due to pneumoconiosis under Black Limg Acts, "(ID to pay premiums for insurance exclusively covering such liability, "(in) to pay administrative and other incidental expenses of such trust in connection with the operation of the trust and the processing of claims against such person under Black Lung Acts, and "(IV) to pay accident or health benefits for retired miners and their spouses and dependents (including administrative and other incidental expenses of such trust in connection therewith) or premiiuns for insurance exclusively covering such benefits; and "(ii) no part of the assets of the trust may be used for, or diverted to, any purpose other than— "(I) the purposes aescribed in clause (i), "(11) investment (but only to the extent that the trustee determines that a portion of the assets is not currently needed for the purposes described in clause (i)) in qualified investments, or "(III) payment into the Black Lung Disability Trust Fund established under section 9501, or into the general fund of the United States Treasury (other than in satisfaction of any tax or other civil or criminal liability of the person who established or contributed to the trust). "(B) No deduction shall be allowed under this chapter for ,, any payment described in subparagraph (A)(i)(IV) from such trust.
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