97 STAT. 384 PUBLIC LAW 98-67 —AUG. 5, 1983 Ante, p. 370. 26 USC 6011 note. 26 USC 6011. 96 Stat. 1731. 26 USC 6051. 6049(a) with respect to more than 50 payees for any calen- dar year, all returns under such sections shall be on mag- netic media. "(B) HARDSHIP EXCEPTION.— Subparagraph (A) shall not apply to any person for any period if such person estab- lishes to the satisfaction of the Secretary that its applica- tion to such person for such period would result in undue hardship. " (b) STUDY OF WAGE RETURNS ON MAGNETIC TAPE.— (1) STUDY.— The Secretary of the Treasury, in consultation with the Secretary of Health and Human Services, shall con- duct a study of the feasibility of requiring persons to file, on magnetic media, returns under section 6011 of the Internal Revenue Code of 1954 containing information described in sec- tion 6051(a) of such Code (relating to W-2s). (2) REPORT TO CONGRESS.—Not later than July 1, 1984, the Secretary of the Treasury shall submit to the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate the results of the study conducted under paragraph (1). 26 USC 31 note. SEC. 110. EFFECTIVE DATES. (a) GENERAL RULE. —Except as otherwise provided in this section, the amendments made by this title shall apply with respect to payments made after December 31, 1983. (b) SECTION 102.— The amendments made by section 102 shall take effect as of the close of June 30, 1983. (c) SECTIONS 104(b) AND 107.— The amendments made by sections 104(b) and 107 shall take effect on the date of the enactment of this Act. Caribbean Basin Economic Recovery Act. 19 USC 2701 note. TITLE II—CARIBBEAN BASIN INITIATIVE SEC. 201. SHORT TITLE. This title may be cited as the "Caribbean Basin Economic Recov- ery Act". Subtitle A—Duty-Free Treatment 19 USC 2701. 19 USC 2702. Definitions. Designation, notification of Congress. SEC. 211. AUTHORITY TO GRANT DUTY-FREE TREATMENT. The President may proclaim duty-free treatment for all eligible articles from any beneficiary country in accordance with the provi- sions of this title. SEC. 212. BENEFICIARY COUNTRY. (a)(1) For purposes of this title— (A) The term "beneficiary country" means any country listed in subsection (b) with respect to which there is in effect a proclamation by the President designating such country as a beneficiary country for purposes of this title. Before the Presi- dent designates any country as a beneficiary country for pur- poses of this title, he shall notify the House of Representatives and the Senate of his intention to make such designation, together with the considerations entering into such decision.
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