Page:United States Statutes at Large Volume 107 Part 3.djvu/225

This page needs to be proofread.


PUBLIC LAW 103-182—DEC. 8, 1993 107 STAT. 2163 "(A) DEPOSITORY TAX.—The term 'depository tax* means any tax if ihe S^nretary is authorized to require deposits of such tax. "(B) ELECTRONIC FUNP TRANSFER.— The term 'electronic fund transfer* means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, or computer or magnetic tape so as to order, instruct, or authorize a financial institution or other financial intermediary to debit or credit an account.

    • (4) COORDINATION WITH OTHER ELECTRONIC FUND TRANS-

FER REQUIREMENTS. — " (A) COORDINATION WITH CERTAIN EXCISE TAXES.— In determining whether the requirements of subparagraph (B) of paragraph (2) are met, taxes re<][uired to be paid by electromc mnd transfer under sections 5061(e) and 5703(b) shall be disregarded. "(B) ADDITIONAL REQUIREMENT. — Under regulations, any tax retquired to be paid by electronic fund transfer under section 5061(e) or 5703(b) shall be paid in such a manner as to ensure that the requirements of the second sentence of paragraph (I)(A) of this subsection are satisfied. ", (b) EFFECTIVE DATE. — 26 USC 6302 (1) IN GENERAL. —The amendments made by this section "°*® shall take effect on the date the Agreement enters into force with respect to the United States. (2) REGULATIONS.— Not later than 210 days after the date of enactment of this Act, the Secretary of the Treasury or his delegate shall prescribetemporaryregulations under section 6302(h) of the Internal Revenue Code of 1986 (as added by this section). Subtitle D—Implementation of NAFTA Supplemental Agreements PART 1—AGREEMENTS RELATING TO LABOR AND ENVIRONMENT SEC. 531. AGREEMENT ON LABOR COOPERATION. 19 USC 3471. (a) COMMISSION FOR LABOR COOPERATION. — (1) MEMBERSHIP.—The United States is authorized to participate in the Commission for Labor Cooperation in accordance with the North American Agreement on Labor Cooperation. (2) CONTRIBUTIONS TO BUDGET. —There are authorized to Appropriations be appropriated to the President (or such agency as the Presi- authorization. dent may designate) $2,000,000 for each of fiscal years 1994 and 1995 for United States contributions to the annual budget of the Commission for Labor Cooperation pursuant to Article 47 of the North American Agreement on Labor Cooperation. Funds authorized to be appropriated for such contributions by this paragraph are in addition to any funds otherwise available for such contributions. Funds authorized to be appropriated -194O-94-8:QL.3Part3