113 STAT. 1928 PUBLIC LAW 106-170—DEC. 17, 1999 26 USC 4132 note. Deadline. 26 USC 4041 note. 7 USC 7212 note. (3) The amendments made by this subsection shall take effect as if included in the provisions of the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999 to which they relate. (c) REPORT.— Not later than January 31, 2000, the Comptroller General of the United States shall prepare and submit a report to the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate on the operation of the Vaccine Injury Compensation Trust Fund and on the adequacy of such Fund to meet future claims made under the Vaccine Injury Compensation Program. SEC. 524. DELAY m EFFECTIVE DATE OF REQUIREMENT FOR APPROVED DIESEL OR KEROSENE TERMINALS. Paragraph (2) of section 1032(f) of the Taxpayer Relief Act of 1997 is amended by striking "July 1, 2000" and inserting "January 1, 2002". SEC. 525. PRODUCTION FLEXIBILITY CONTRACT PAYMENTS. Any option to accelerate the receipt of any payment under a production flexibility contract which is payable under the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7200 et seq.), as in effect on the date of the enactment of this Act, shall be disregarded in determining the taxable year for which such payment is properly includible in gross income for purposes of the Internal Revenue Code of 1986. 26 USC 6654. Applicability. 26 USC 6654. 26 USC 1221. Subtitle C—Revenue Offsets PART I—GENERAL PROVISIONS SEC. 531. MODIFICATION OF ESTIMATED TAX SAFE HARBOR. (a) IN GENERAL. —The table contained in clause (i) of section 6654(d)(1)(C) of the Internal Revenue Code of 1986 (relating to limitation on use of preceding year's tax) is amended by striking the items relating to 1999 and 2000 and inserting the following new items: "1999, 2000 108.6 110" (b) EFFECTIVE DATE. —The amendment made by this section shall apply with respect to any installment payment for taxable years beginning after December 31, 1999. SEC. 532. CLARIFICATION OF TAX TREATMENT OF INCOME AND LOSS ON DERIVATIVES. (a) IN GENERAL.—Section 1221 of the Internal Revenue Code of 1986 (defining capital assets) is amended— (1) by striking "For purposes" and inserting the following: "(a) IN GENERAL.— For purposes"; (2) by striking the period at the end of paragraph (5) and inserting a semicolon; and (3) by adding at the end the following: "(6) any commodities derivative financial instrument held by a commodities derivatives dealer, unless— "(A) it is established to the satisfaction of the Secretary that such instrument has no connection to the activities of such dealer as a dealer, and
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