# Pub. L. 96-167: changes to the Internal Revenue Code 1979-12-29, 93 Stat. 1276. Source: . ## Legislative history - Bill: [H.R. 5224](https://www.congress.gov/bill/96th-congress/house-bill/5224) ## § 6039: Returns required in connection with certain options - § 6039(a): Pub. L. 96–167 substituted “Furnishing of information” for “Requirement of reporting” in heading, and in closing par. substituted provisions relating to the furnishing, on or before Jan. 31 of the following calendar year, a written statement in such manner and setting forth such information, as prescribed by regulation for provisions prescribing the making of a return at such time and in such manner as prescribed by regulation, determining qualified stock options, restricted stock options or options granted under an employee stock purchase plan to be options under the provisions of this section, and restricting the necessity of a return only to the first transfer of such share. - § 6039(b): Pub. L. 96–167 added subsec. (b). Former subsec. (b), requiring every corporation making a return to furnish each person named in the return a written statement setting forth such information as prescribed by regulation, and requiring such statement to be furnished before January 31 of the year following the calendar year for which the return was made, was struck out. - § 6039(c): Pub. L. 96–167 redesignated subsec. (d) as (c). Former subsec. (c), requiring any corporation transferring any share of stock pursuant to the exercise of an option described in subsec. (a)(2) to identify such stock, was struck out. - § 6039(d): Pub. L. 96–167 redesignated subsec. (d) as (c). ## § 6075: Time for filing estate and gift tax returns - § 6075(b)(1): Pub. L. 96–167, § 8(a), substituted “(A) in the case of a return for the first, second, or third calendar quarter of any calendar year, the 15th day of the second month following the close of the calendar quarter, or” for “the 15th day of the second month following the close of the calendar quarter”, and added subpar. (B). - § 6075(b)(2): Pub. L. 96–167, § 8(c), substituted “the date prescribed by paragraph (1) for filing the return for” for “the 15th day of the second month after” in provisions preceding subpar. (A), and struck out “the close of” before “the first subsequent” in subpar. (a) and before “the fourth calendar quarter” in subpar. (B). - § 6075(b)(3), § 6075(b): Pub. L. 96–167, § 8(b), added par. (3) and redesignated former par. (3) as (4). ## § 6343: Authority to release levy and return property - § 6343(c): Pub. L. 96–167 added subsec. (c). ## § 6621: Determination of rate of interest - § 6621(a): Pub. L. 96–167 substituted provisions setting the annual rate established under this section to be such adjusted rate as is established by the Secretary under subsec. (b) of this section for provision that the rate of interest under sections 6601(a), 6602, 6611(a), 6332(c)(1), and 7426(g) of this title, and under section 2411(a) of title 28 was to be 9 percent per annum, or such adjusted rate as was established by the Secretary under subsection (b). ## § 6652: Failure to file certain information returns, registration statements, etc. - § 6652(a): Pub. L. 96–167 inserted “or” after “$10 or more),” in par. (1), struck out par. (2) relating to failure to make a return required by section 6039(a) with respect to a transfer of stock or a transfer of legal title to stock, redesignated par. (3) as (2), and in closing provision substituted “return referred to in paragraph (2)” for “return referred to in paragraph (2) or (3)”.