Lord Reid wrote, "A statutory provision is impliedly repealed if a later enactment brings to an end a state of things the continuance of which is essential for its operation."

The provision, which would be retroactive to June 7, 1989, would repeal a tax preference that allows banks and other institutional lenders to avoid taxes on up to 50 percent of the interest they earn from financing the plans.

The other large revenue-raising provision in Mr. Rostenkowski's package would repeal a tax break for banks that lend to third world countries with debt problems.

Its most important provisions, however, repealed all federal laws regarding veterans' benefits.

A schedule in an item of legislation, usually at the end, in which the legislative provisions repealed by that legislation are listed.

This provision repealed the Missouri Compromise of 1820, which had prohibited slavery in any new states created north of latitude 36 30'.

Essentially, the provision would repeal a 1986 tax law change that required many types of businesses that use a fiscal year to switch to a calendar year for tax purposes.

Another provision, eagerly sought by the options industry for many years, repeals a 60-year-old regulation that limited the amount of short-term profits a mutual fund could take.

Still other provisions of the bill would repeal some businesses' rights to defer taxes to future years, but wouldn't increase what they owe.

This provision of the charter, therefore, repealed the laws of England so far as the Rhode Island inhabitants were concerned.