PUBLIC LAW 94-455—OCT. 4, 1976
90 STAT. 1709
or other aquatic animal life (or a share of the proceeds therefrom) received by an individual after December 31, 1971, and before the date of the enactment of this Act for services performed by such individual after December 31, 1971, on such boat as being subject to the tax under chapter 21 of the I n t e r n a l Revenue Code of 1954, then the amendments made 26 USC 3101. by paragraph s (1)(A) and (B) and (2) of subsection (e) shall not apply with respect to such services performed by such individual ( and the share of the catch, o r proceeds therefrom, received by him for such services). SEC. 1208. STATE-CONDUCTED LOTTERIES. (a)
E X E M P T I O N F R O M WAGERING T A X. — Paragraph (3)
of section
4402 (relating to State-conducted sweepstakes) is amended to read as 26 USC 4402. follows: " (3) STAI^-CONDUCTED LOTTERIES, ETC.—On any wager placed
in a sweepstakes, wagering pool, or lottery which is conducted by an agency of a State acting under authority of State law, b u t only if such wager is placed with the State agency conducting such sweepstakes, wagering pool, or lottery, or with its authorized employees or agents." (b)
EXEMPTION
FROM
OCCUPATIONAL T A X ON COIN-OPERATED
DEVICES.—Section 4462(b) (relating to exclusions from definition of 26 USC 4462. coin-operated g a m i n g devices) is amended— (1) by striking out " o r " a t the end of paragraph (1), (2) by striking out the period at the end of paragraph (2) and inserting in lieu thereof "; or", and (3) by a d d i n g a t the end thereof the following new paragraph: " (3) a vending machine which— " (A) dispenses tickets on a sweepstakes, wagering pool, or lottery which is conducted by an agency of a State acting under authority of State law, and " (B) is maintained by the State agency conducting such sweepstakes, wagering pool, or lottery, or by its authorized employees or agents." (c) EFFECTIVE D A T E S. —
(1) The amendment made by subsection (a) shall apply with respect to wagers placed after March 10, 1964. (2) The amendments made by subsection (b) shall a p p l y w i t h respect to periods after March 10, 1964. SEC. 1209. MINIMUM EXEMPTION FROM LEVY FOR WAGES, SALARY, AND OTHER INCOME. (a) GENERAL RULE.—Subsection (a) of section 6334 (relating to property exempt from levy) is amended by a d d i n g at the end thereof the following new paragraph: "(9)
MINIMUM
EXEMPTION
FOR WAGES, SALARY, AND OTHER
INCOME —Any amount payable to or received by an individual as wages or salary for personal services, o r as income derived from other sources, during any period, to the extent that the total of such amounts payable to or received by h i m during such period does not exceed the applicable exempt amount determined under subsection (d). " (b) DETERMINATION o r E X E M P T AMOUNT.—Section 6334 is amended
by a d d i n g at the end thereof the following new subsection: "(d)
E X E M P T A M O U N T OF W A G E S, SALARY, OR OTHER I N C O M E. —
" (1) INDIVIDUALS ON WEEKLY BASIS.—In the case of a n individ-
ual who is paid o r receives all of his wages, salary, and other in-
89-194 O—78—pt. 2
16
26 USC 4402 note. 26 USC 4462 note-
26 USC 6334.
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