Ill STAT. 998 PUBLIC LAW 105-34—AUG. 5, 1997 "(iv) complying with Federal, State, or local law; and "(v) properly authorized civil, criminal, or regulatory investigation by Federal, State, or local authorities. "(3) PROCEDURES.— Use and disclosure of information under this paragraph shall be made only to the extent authorized by written procedures promulgated by the Secretary. " (4) CROSS REFERENCE.— Tor provision ^rovidinsr for civil damages for violation of paragraph (1), see section 7431.. (b) CLERICAL AMENDMENT. —The table of sections for subchapter B of chapter 64 is amended by striking the item relating to section 6311 and inserting the following: "Sec. 6311. Payment of tax by commercially acceptable means.". (c) AMENDMENTS TO SECTIONS 6103 AND 7431 WITH RESPECT TO DISCLOSURE AUTHORIZATION.— (1) Subsection (k) of section 6103 (relating to confidentiality and disclosure of returns and return information) is amended by adding at the end the following new paragraph: " (8) DISCLOSURE OF INFORMATION TO ADMINISTER SECTION 6311.— The Secretary may disclose returns or return information to financial institutions and others to the extent the Secretary deems necessary for the administration of section 6311. Disclosures of information for purposes other than to accept payments by checks or money orders shall be made only to the extent authorized by written procedures promulgated by the Secretsiry. ". (2) Section 7431 (relating to civil damages for unauthorized disclosure of returns and return information) is amended by adding at the end the following new subsection: " (g) SPECIAL RULE FOR INFORMATION OBTAINED UNDER SECTION 6103(k)(8).—For purposes of this section, any reference to section 6103 shall be treated as including a reference to section 6311(e).". (3) Section 6103(p)(3)(A) is amended by striking "or (6)" and inserting "(6), or (8)". 26 USC 6103 (d) EFFECTIVE DATE.— The amendments made by this section note. shall take effect on the day 9 months after the date of the enactment of this Act. Subtitle B—Provisions Relating to Businesses Generally SEC. 1211. MODIFICATIONS TO LOOK-BACK METHOD FOR LONG-TERM CONTRACTS. (a) LOOK-BACK METHOD NOT TO APPLY IN CERTAIN CASES.— Subsection (b) of section 460 (relating to percentage of completion method) is amended by adding at the end the following new paragraph: " (6) ELECTION TO HAVE LOOK-BACK METHOD NOT APPLY IN DE MINIMIS CASES. — "(A) AMOUNTS TAKEN INTO ACCOUNT AFTER COMPLETION OF CONTRACT.— Paragraph (1)(B) shall not apply with respect to any taxable year (beginning after the taxable year in which the contract is completed) if—
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