Page:United States Statutes at Large Volume 81.djvu/871

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[81 STAT. 837]
PUBLIC LAW 90-000—MMMM. DD, 1968
[81 STAT. 837]

81 STAT. ]

PUBLIC LAW 90-248-JAN. 2, 1968

837

"(2) with respect to wages received during the calendar years 1973, 1974, and 1975, the rate shall be 0.65 percent; "(3) with respect to wages received during the calendar years 1976, 1977, 1978, and 1979, the rate shall be 0.70 percent; "(4) with respect to wages received during the calendar years 1980, 1981, 1982, 1983, 1984, 1985, and 1986, the rate shall be 0.80 percent; and "(5) with respect to wages received after December 31, 1986, the rate shall be 0.90 percent." (3) Section 3111(b) of such Code (relating to rate of tax on employers for purposes of hospital insurance) is amended by striking out paragraphs (1) through (6) and inserting in lieu thereof the following: " (1) with respect to wages paid during the calendar years 1968, 1969, 1970, 1971, and 1972, the rate shall be 0.60 percent; "(2) with respect to wages paid during the calendar years 1973, 1974, and 1975, the rate shall be 0.65 percent; "(3) with respect to wages paid during the calendar years 1976, 1977, 1978, and 1979, the rate shall be 0.70 percent; "(4) with respect to wages paid during the calendar years 1980, 1981, 1982, 1983, 1984, 1985, and 1986, the rate shall be 0.80 percent; and "(5) with respect to wages paid after December 31, 1986, the rate shall be 0.90 percent." (c) The amendments made by subsections (a)(1) and (b)(1) shall apply only with respect to taxable years beginning after December 31, 1967. The remaining amendments made by this section shall apply only with respect to remuneration paid after December 31, 1967. ALLOCATION TO DISABILITY INSURANCE T R U S T

^^ Stat. 396.

FUND

SEC. 110. (a) Section 201(b)(1) of the Social Security Act is,/°,^*^*-,V^ 79 Stat. 370. amended— 42 USC 401. (1) by inserting " (A) " after " (1) "; (2) by striking out "1954, and" and inserting in lieu thereof "1954, (B) "; (3) by inserting "and before January 1, 1968," after "December 31, 1965,"; and (4) by inserting after "so reported," the following: "and (C) 0.95 of 1 per centum of the wages (as so defined) paid after December 31, 1967, and so reported,". (b) Section 201(b)(2) of such Act is amended— (1) by inserting " (A) "after " (2) "; (2) by striking out "1966, and" and inserting in lieu thereof "1966, (B) "; and (3) by inserting after "December 31, 1965," the following: "and before January 1, 1968, and (C) 0.7125 of 1 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 1967,". E X T E N S I O N OF T I M E FOR F I L I N G APPLICATION FOR 'DISABILITY FREEZE W H E R E F A I L U R E TO M A K E T I M E L Y APPLICATION I S DUE TO I N C O M P E T E N C Y

SEC. 111. (a) Se^-tion 216(i)(2) of the Social Security Act is 79 Stat. 367, amended (1) by striking out "No" in subparagraph (E) and inserting '*°42 USC 4 16. in lieu thereof "Except as is otherwise provided in subparagraph (F), no", (2) by redesignating subparagraph (F) as subparagraph (G), and (3) by adding after subparagraph (E) the following new subparagraph: