10
PUBLIC LAW 92-5-MAR. 17, 1971
[85 STAT.
INCREASE IN BENEFITS FOR CERTAIN INDIVIDUALS AOE 7 2 AND OA'ER
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42 USC 428.
Effective date.
42 USC 4 ^ ^ '
SEC. 202. (a)(1) Section 22r(a) of the Social Security Act is amended by striking out "$46" and inserting in lieu thereof "48.30", and by striking out "$23" and inserting in lieu thereof "$24.20". (2) Section 227(b) of such Act is amended by striking out "$46" and inserting in lieu thereof "$48.30". (b)(1) Section 228(b)(1) of such Act is amended by striking out "$46" and inserting in lieu thereof "$48.30". (2) Section 228(b)(2) of such Act is amended by striking out "$46" and inserting in lieu thereof "$48.30", and by striking out "$23" and inserting in lieu thereof "$24.20". (3) Section 228(c)(2) of such Act is amended by striking out "$23" and inserting in lieu thereof "$24.20". (4) Section 228(c)(3)(A) of such Act is amended by striking out "$46" and inserting in lieu thereof "$48.30"". (5) Section 228(c)(3)(B) of such Act is amended by striking out "$23" and inserting in lieu thereof "$24.20"". (c) The amendments made by subsections (a) and (b) shall apply with respect to monthly benefits under title II of the Social Security ^ c t for months after December 1970. INCREASE o r EARNINGS COUNTED FOR BENEFIT AND TAX PURPOSES
8 i^tlTisT^' SEC. 203. (a)(1)(A) Section 209(a)(5) of the Social Security Act is 42 USC 409. amended by inserting "and prior to 1972" after "1967". (B) Section 209(a) of such Act is further amended by adding at the end thereof the following new paragraph: "(6) That part of remuneration which, after remuneration (other than remuneration referred to in the succeeding subsections of this section) equal to $9,000 with respect to employment has been paid to an individual during any calendar year after 1971, is paid to such individual during any such calendar year;". g/staussi"^^' (2)(A) Section 211(b)(1)(E) of such Act is amended by inserting 42 USC 411. "and beginning prior to 1972" after "1967", and by striking out "; or" and inserting in lieu thereof "; and". (B) Section 211(b)(1) of such Act is further amended by adding at the end thereof the following new subparagraph: " (F) For any taxable year begmning after 1971, (i) $9,000, minus (ii) the amount of the wages paid to such individual during the taxable year; or". ?2 Ss^c 4^^3.• (3)(A) Section 213(a)(2) (ii) of such Act is amended by striking out "after 1967" and inserting in lieu thereof "after 1967 and before 1972, or $9,000 in the case of a calendar year after 1971". (B) Section 213(a)(2) (iii) of such Act is amended by striking out "after 1967" and inserting in lieu thereof "after 1967 and beginning before 197'2, or $9,000 in the case of a taxable year beginning after 1971". 42 USC 415. (4) Section 215(e)(1) of such Act is amended by striking out "and the excess over $7,800 in the case of any calendar year after 1967" and inserting in lieu thereof "the excess over $7,800 in the case of any calendar year after 1967 and before 1972, and the excess over $9,000 in the case of any calendar year after 1971". 81 Stat. 835. (b)(1)(A) Section 1402(b)(1)(E) of the Internal Revenue Code 26 USC 1402. of 1954 (relating to definition of self-employment income) is amended by inserting "and beginning before 1972" after "1967", and by striking out "; or" and inserting in lieu thereof "; and".
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