85 STAT. ]
PUBLIC LAW 92-5-MAR. 17, 1971
11
(B) Section 1402(b)(1) of such Code is further amended by adding ^ 1^1^^^!835!**' at the end thereof the following new subparagraph: 26 USC 1402. " (F) for any taxable year beginning after 1971, (i) $9,000, minus (ii) the amount of the Avages paid to such individual during the taxable year; or". (2) Section 3121(a)(1) of such Code (rehiting to definition of sistat. 835. wages) is amended by striking out "$7,800" each phice it appears and inserting in lieu thereof "$9,000. (3) The second sentence of section 3122 of such Code (relating to Federal service) is amended by striking out "$7,800"' and inserting in lieu thereof "$9,000*'. (4) Section 3125 of such Code (relating to returns in the case of governmental employees in Guam, American Samoa, and the District of Columbia) is amended by striking out "$7,800" where it appears in subsections (a), (b), and (c) and inserting in lieu thereof "$9,000". (5) Section 6413(c)(1) of such Code (relating to special refunds of employment taxes) is amended— (A) by inserting "and prior to the calendar year 1972" after "after the calendar year 1967"; (B) by inserting after "exceed $7,800," the following: "or (E) during any calendar year after the calendar year 1971, the wages received by him during such year exceed $9,000,"; and (C) by inserting before the period at the end thereof the following: "and before 1972, or which exceeds the tax w4th respect to the first $9,000 of such wages received in such calendar year after 1971". (6) Section 6413(c)(2)(A) of such Code (relating to refunds of employment taxes in the case of Federal employees) is amended by striking out "or $7,800 for any calendar year after 1967" and inserting in lieu thereof "$7,800 for the calendar year 1968, 1969, 1970, or 1971, or $9,000 for any calendar year after 1971". (7) Section 6654(d)(2)(B) (ii) of such Code (relating to failure by so Stat. 62. individual to pay estimated income tax) is amended by striking out "$6,600" and inserting in lieu thereof "$9,000". (c) The amendments made by subsections (a)(1) and (a)(3)(A), Effective dates. and the amendments made by subsection (b) (except paragraphs (1) and (7) thereof), shall apply only with respect to remuneration paid after December 1971. The amendments made by subsections (a)(2), (a)(3)(B), (b)(1), and (b)(7) shall apply only with respect to taxable years beginning after 1971. The amendment made by subsection (a)(4) shall apply only with respect to calendar years after 1971. CHAXGES IX TAX SCHEDULES
SEC. 204. (a)(1) Section 3101(a) of such Code (relating to rate of tax on employees for purposes of old-age, survivors, and disability insurance) is amended by striking out "and" at the end of paragraph (3), and by striking out paragraph (4) and inserting in lieu thereof the following: "(4) with respect to wages received during the calendar years 1973, 1974, and 1975, the rate shall be 5.0 percent; and " (5) with respect to wages received after December 31, 1975, the rate shall be 5.15 percent." (2) Section 3111(a) of such Code (relating to rate of tax on employers for purposes of old-age, survivors, and disability insurance) is amended by striking out "and" at the end of paragraph (3), and by striking out paragraph (4) and inserting in lieu thereof the following: " (4) with respect to wages paid during the calendar years 1973, 1974, and 1975, the rate shall be 5.0 percent; and
ai Stat. 836.
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