91 STAT. 142
PUBLIC LAW 95-30—MAY 23, 1977
" (2) for a taxable year beginning in 1978, an amount equal to fvf 50 percent of the excess of the aggregate unemployment insurance wages paid during 1978 over 102 percent of the aggregate unemployment insurance wages paid during 1977.
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"(b)
MINIMUM PRECEDING YEAR W A G E S. — For purposes of deter-
mining the amount of the credit under subsection (a) with respect to 1977 or 1978, 102 percent of the amount of the aggregate unemployment insurance wages paid during the preceding calendar year shall be deemed to be not less than 50 percent of the amount of such wages paid during 1977 or 1978, as the case may be.
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"(c)
Ante, p. 141.
TOTAL WAGES M U S T INCREASE.—The a m o u n t of the credit
allowable by section 44B for any taxable year shall not exceed the amount which would be determined for such year under subsection (a) (without regard to subsection (b)) if— " (1) the aggregate amounts taken into account as unemployment insurance wages were determined without any dollar limitation, and " (2) '105 percent' were substituted for '102 percent' in the appropriate paragraph of subsection (a). " (d) $100,000 P E R YEAR LIMITATION ON CREDIT.—Except as p r o -
vided in subsection (e), the amount of the credit determined under this subpart for any employer (and the amount of the credit allowable by section 44B to any taxpayer) with respect to any calendar year shall not exceed $100,000. " (e) ADDITIONAL 10 PERCENT CREDIT FOR VOCATIONAL REHABILITATION REFERRALS.—
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" (1) IN GENERAL.—The amount of the credit allowable by section 44B for any taxable year beginning in 1977 or 1978 (determined without regard to this subsection) shall be increased by an amount equal to 10 percent of the unemployment insurance wages paid by the employer to vocational rehabilitation referrals during the calendar year in which such taxable year begins.
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"(2)
O N L Y FIRST YEAR TAKEN INTO ACCOUNT.—For purposes
of this subsection, unemployment insurance wages may be taken , into account with respect to any individual— -ill,.,... " (A) only to the extent attributable to services rendered during the 1-year period beginning with his first payment of wages by the employer after the beginning of such individual's rehabilitation plan, and " (B) only if such first payment occurs after December 31, 1976. Iif
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" (3) O N L Y FIRST $4,200 OF WAGES TAKEN INTO ACCOUNT FOR ANY
INDIVIDUAL.—For purposes of this subsection, the unemployment insurance wages paid during 1978 which are taken into account with respect to any individual shall not exceed $4,200 reduced by the amount of unemployment insurance wages paid by the employer to such individual during 1977. " (4) 20-PERCENT LIMITATION.-—The amouut of the Credit allowable by reason of this subsection for any taxable year shall not exceed one-fifth of the credit determined for such year under this section without regard to this subsection and subsection (d). " (f) DEFINITIONS — For purposes of this subpart—
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