A bill to amend the effective date of the provision contained in the Tax Reform Act of 1986 dealing with allocation of indebtedness as payment on installment obligations.

(Reported jointly to Senate with amendment, S. Rept. 100-135)

Amends the Tax Reform Act of 1986 to make certain provisions relating to allocation of indebtedness as payment on installment obligations effective for taxable years beginning after December 31, 1986, rather than for those ending on such date.