110 STAT. 1764 PUBLIC LAW 104-188—AUG. 20, 1996 (2) TECHNICAL AMENDMENTS.— (A) Subparagraph (A) of section 6724(d)(1) is amended by striking "or" at the end of clause (vi), by striking "and" at the end of clause (vii) and inserting "or", and by adding at the end the following new clause: "(viii) section 6050R (relating to returns relating to certain purchases offish), and". (B) Paragraph (2) of section 6724(d) is amended by redesignating subparagraphs (R) through (U) as subparagraphs (S) through (V), respectively, and by inserting after subparagraph (Q) the following new subparagraph: "(R) section 6050R(c) (relating to returns relating to certain purchases of fish),". (C) The table of sections for subpart B of part III of subchapter A of chapter 68 is amended by inserting after the item relating to 6050Q the following new item: "Sec. 6050R. Returns relating to certain purchases of fish.". 26 USC 6050R (3) EFFECTIVE DATE.— The amendments made by this sub- ^°^- section shall apply to payments made after December 31, 1997. SEC. 1117. MODIFICATIONS OF TAX-EXEMPT BOND RULES FOR FIRST- TIME FARMERS. (a) ACQUISITION FROM RELATED PERSON ALLOWED.— Section 147(c)(2) (relating to exception for first-time farmers) is amended by adding at the end the following new subparagraph: "(G) ACQUISITION FROM RELATED PERSON.— For purposes of this paragraph and section 144(a), the acquisition by a first-time farmer of land or personal property from a related person (within the meaning of section 144(a)(3)) shall not be treated as an acquisition from a related person, if— "(i) the acquisition price is for the fair market value of such land or property, and "(ii) subsequent to such acquisition, the related person does not have a financial interest in the farming operation with respect to which the bond proceeds are to be used.". (b) SUBSTANTIAL FARMLAND AMOUNT DOUBLED.—Clause (i) of section 147(c)(2)(E) (defining substantial farmland) is amended by striking "15 percent" and inserting "30 percent". 26 USC 147 note. (c) EFFECTIVE DATE.—The amendments made by this section shall apply to bonds issued after the date of the enactment of this Act. SEC. 1118. NEWSPAPER DISTRIBUTORS TREATED AS DIRECT SELLERS. (a) IN GENERAL.—Section 3508(b)(2)(A) is amended by striking "or" at the end of clause (i), by inserting "or" at the end of clause (ii), and by inserting after clause (ii) the following new clause: "(iii) is engaged in the trade or business of the delivering or distribution of newspapers or shopping news (including any services directly related to such trade or business),". 26 USC 3508 (b) EFFECTIVE DATE. —The amendments made by this section note. shall apply to services performed after December 31, 1995.
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