Page:United States Statutes at Large Volume 83.djvu/121

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PUBLIC LAW 91-000—MMMM. DD, 1969

83 STAT. ]

PUBLIC LAW 91-53-AUG. 7, 1969

(f) TECHNICAL AND CLERICAL AMENDMENTS.—

(1) The table of sections for subchapter A of chapter 62 of the Internal Revenue Code of 1954 is amended by striking out 6?57"^*^ ^^^^ "Sec. 6157. Payment of taxes under provisions of the Tariff Act." and inserting i n lieu thereof •'Sec. 6157. Payment of Federal unemployment tax on quarterly or other time period basis."

(2) The table of sections for subchapter B of chapter 64 of such Code is amended by adding at the end thereof the following: "Sec. 6:^17. Payments of Federal unemployment tax for calendar quarter."

SEC. 3. EMPLOYMENT SECURITY ADMINISTRATION ACCOUNT. 77 Stat. . (a) Paragraph (3) of section 901(c) of the Social Security Act 42 USC 5 1O l. U is amended to read as follows: "(3) For purposes of paragraph (1)(A), the limitation on the amount authorized to be made available for any fiscal year is an amount equal to 95 percent of the amount estimated and set forth in the budget of the United States Government for such fiscal year as the net receipts during such year under the Federal Unemployment Tax Act; except that this limitation is increased by any unexpended je'usc^aao'i^ amount retained in the employment security administration account 3309. in accordance with section 9 0 1 (f)(2)(B). Each estimate of net re- ^"^'•aceipts under this paragraph shall be based upon a tax rate of 0.4 percent." (b) Paragraph (2) of section 901(f) of such Act is amended (1) ^4 sta^ 973^ ^^^ by striking out "The" and inserting in lieu thereof " (A) Except as provided in subparagraph (B), the", and (2) by adding at the end thereof the following: " (B) With respect to the fiscal years ending June 30, 1970, June 30, 1971, and June 30, 1972, the balance in the employment security administration account at the close of each such fiscal year shall not be considered excess but shall be retained in the account for use as provided in paragraph (1) of subsection (c). " SEC. 4. EFFECTIVE DATE. (a) The amendments made by the first two sections of this Act shall apply with respect to calendar years beginning after December 31, 1969. (b) The amendments made by section 3 shall take effect upon enactment of this Act.

SEC. 5 EXTENSION OF TAX SURCHARGE. . (a) SURCHARGE EXTENSION.—Section 51(a) of the Internal Revenue Code of 1954 (relating to imposition of tax surcharge) is amended— Post^^^^esi (1) by striking out so much of paragraph (1)(A) as follows Te'usc si! the table heading "CALENDAR Y E A R 1969" and inserting in lieu thereof the following:

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