PUBLIC LAW 94-92—AUG. 9, 1975 (d) Section 15 of such Act is further amended by inserting at the end thereof the following new subsection: " (h) There are hereby authorized to be appropriated from time to time such sums as may be necessary to provide for the expenses of the Board in administering the provisions of this Act." (e) The amendments made by this section shall be effective January 1, 1975. SEC. 202. (a) Section 204 of the Act entitled "An Act to amend the Railroad Retirement Act of 1937 to revise the retirement system for employees of employers covered thereunder, and for other purposes", approved October 16, 1974 (88 Stat. 1352), is amended by adding at the end thereof the following new subsection: "(c) An individual who was awarded an annuity under section 2(a) of the Railroad Retirement Act of 1937 shall not be entitled to an annuity amount computed under the provisions of section 3(c) of the Railroad Retirement Act of 1974: Provided, however, That the provisions of this subsection shall not be applicable (i) to an individual who will have rendered at least twelve months of service as an employee to an employer (as defined in the Railroad Retirement Act of 1974) after December 31, 1974, or (ii) to an individual who was awarded an annuity under section 2(a) 4 o r 2 (a) 5 of the Railroad Retirement Act of 1937 and who recovered from disability and returned to the service of an employer (as defined in the Railroad Retirement Act of 1974) after December 31, 1974.". (b) The amendment made by this section shall be effective January 1, 1975. SEC. 203. (a) Section 1402(b) of the Internal Revenue Code of 1954 is amended by striking out", but solely with respect to the tax imposed by section 1401(b)," from item (B) of the second sentence thereof. (b) Section 3231(e) of the Internal Revenue Code of 1954 is amended hj striking out "$3" from the fifth sentence of paragraph (1) and inserting in lieu thereof "$25". (c) The amendments made h\ this section shall be effective January 1, 1975, and shall apply only with respect to compensation paid for services rendered on or after that date. Approved August 9, 1975.
LEGISLATIVE HISTORY: HOUSE REPORT No. 94-384 (Comm. on Interstate and Foreign eommerce). CONGRESSIONAL RECORD, Vol. 121 (1975): July 24, considered and passed House. July 29, considered and passed Senate, amended. July 30, House concurred in Senate amendment.
89 STAT. 465 45 USC 231n. Appropriation authorization. Effective date. Annuity eligibility. 45 USC 231 note.
45 USC 228b. 45 USC 231b.
Effective date. 45 USC 231 note. 26 USC 1402.
26 USC 3231.
Effective date. 26 USC 1402 note.
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