PUBLIC LAW 101-508 —NOV. 5, 1990 104 STAT. 1388-467 satisfaction of any indebtedness if such issuance or transfer (as the case may be)— (A) is in a title 11 or similar case (as defined in section 368(a)(3)(A) of the Internal Revenue Code of 1986) which was fileid on or before October 9, 1990, (B) is pursuant to a written binding contract in effect on October 9, 1990, and at all times thereafter before such issuance or transfer, (C) is pursuant to a transaction which was described in documents filed with the Securities and Exchange Commission on or before October 9, 1990, or (D) is pursuant to a transaction— (i) the material terms of which were described in a written public announcement on or before October 9, 1990, (ii) which was the subject of a prior filing with the Securities and Exchange (Commission, and (iii) which is the subject of a subsequent filing with the Securities and Exchange Commission before January 1, 1991. PART IV—EMPLOYMENT TAX PROVISIONS SEC. 11331. INCREASE IN DOLLAR LIMITATION ON AMOUNT OF WAGES SUBJECT TO HOSPITAL INSURANCE TAX. (a) HOSPITAL INSURANCE TAX.— (1) IN GENERAL. —Paragraph (1) of section 3121(a) is amended— (A) by striking "contribution and benefit base (as determined under section 230 of the Social Security Act)" each place it appears and inserting "applicable contribution base (as determined under subsection (x))", and (B) by striking "such contribution and benefit base" and inserting "such applicable contribution base". (2) APPLICABLE CONTRIBUTION BASE. —Section 3121 is amended by adding at the end thereof the following new subsection: "(x) APPLICABLE (CONTRIBUTION BASE.— For purposes of this chapter— " (1) OLD-AGE, SURVIVORS, AND DISABILITY INSURANCE.—For purposes of the taxes imposed by sections 3101(a) and 3111(a), the applicable contribution base for any calendar year is the contribution and benefit base determined under section 230 of the Social Security Act for such calendar year. "(2) HOSPITAL INSURANCE.—For purposes of the taxes imposed by section 3101(b) and 3111(b), the applicable contribution base is— "(A) $125,000 for calendar year 1991, and "(B) for any calendar year after 1991, the applicable contribution base for the preceding year adjusted in the same manner as is used in adjusting the contribution and benefit base under section 230(b) of the Social Security Act." (b) SELF-EMPLOYMENT TAX. — (1) IN GENERAL.—Subsection (b) of section 1402 is amended by, striking "the contribution and benefit base (as determined under section 230 of the Social Security Act)" and inserting "the
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