256
PUBLIC LAW 90-364-JUNE 28, 1968
[82 STAT.
" (3) T A X A B L E YEARS B E G I N N I N G AFTER I 9 6 4 (EXCEPT TAXABLE YEARS W H I C H I N C L U D E A N Y PART OF THE SURCHARGE P E R I O D). ",
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and (3) by adding after the table in paragraph (3) the following: " I n the case of a taxable year beginning before the surcharge period and ending within the surcharge period, or beginning within the surcharge period and ending after the surcharge period, the required minimum distribution shall be an amount equal to the sum of— " (A) that portion of the minimum distribution which would be required if the provisions of paragraph (1) were applicable to the taxable year, which the number of days in such taxable year which are within the surcharge period bears to the total number of days in such taxable ^ear, plus " (B) that portion of the minimum distribution which would be required if the provisions of paragraph (3) were applicable to such taxable year, which the number of days in such taxable year which are not within the surcharge period bears to the total number of days in such taxable year. As used in this subsection, the term 'surcharge period' means the period beginning January 1, 1968, and ending June 30, 1969." (c) WITHHOLDING ON WAGES.—
80 Stat. 38. 26 USC 3402.
Ante, p. 2 5 1.
(1) PERCENTAGE METHOD OF WITHHOLDING.—Subsection
(a)
of section 3402 (relating to requirement of withholding) is amended— (A) by inserting before table 1 therein the following: "(1) I n the case of wages paid on or before the 15th day after the date of the enactment of the Revenue and Expenditure Control Act of 1968 or after June 30, 1969:"; and (B) by adding at the end thereof the following: "(2) I n the case of wages paid after the 15th day after the date of the enactment of the Revenue and Expenditure Control Act of 1968 and before July 1, 1969: "Table 1—If the payroll period with respect to an employee is WEEKLY
" (a) Single Person—Including Head of Household: If the amount of wages is: Not over $4 Over $4 but not over $13 Over $13 but not over $23 Over $23 but not over $85 Over $85 but not over $169 Over $169 but not over $212 Over $212
The amount of income tax to be withheld shall be: 0. 14% of excess over $4. $1.26 plus 15% of excess over $13. $2.76 plus 19% of excess over $23. $14 54 plus 22% of excess over $85. .i33.02 plus 28% of excess over $169. .$4.5.06 plus 33% of excess over $212.
" (b) Married Person: If the amount of wages is: Not over $4 Over $4 but not over $23 Over $23 but not over $">8 Over $.58 but not over $169 Over $169 but not over $340 Over $340 but not over $423 Over $423
The amount of income tax to be withheld shall be: 0. 14% of excess over.$4. $2.66 plus 15% of excess over $23. $7.91 plus 19% of excess over $58. ,$29.00 plus 22% of excess over $169. .$66.62 plus 28% of excess over $340. $89.86 plus 33% of excess over $423.
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