Page:United States Statutes at Large Volume 91.djvu/1564

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PUBLIC LAW 95-000—MMMM. DD, 1977

91 STAT. 1530

PUBLIC LAW 95-216—DEC. 20, 1977

TITLE III—OTHER CHANGES IN PROVISIONS RELATING TO THE OLD-AGE, SURVIVORS, AND DISABILITY INSURANCE PROGRAM PART A—CHANGES I N EARNINGS TEST LIBERALIZATION OF EARNINGS TEST FOR INDIVIDUALS AGE 6 5 AND OVER

42 USC 403.

SEC. 301. (a) Section 203(f)(8)(A) of the Social Security Act is amended by striking out "a new exempt amount which shall be effective (unless such new exempt amount is prevented from becoming effective by subparagraph (C) of this paragraph) with respect to any individual's taxable year which ends after the calendar year" and inserting in lieu thereof "the new exempt amounts (separately stated for individuals described in subparagraph (D) and for other individuals) which are to be applicable (unless prevented from becoming effective by subparagraph (C)) with respect to taxable years ending in (or with the close of) the calendar year after the calendar year". (b)(1) Section 203(f)(8)(B) of such Act is amended by striking out "The exempt amount for each month of a particular taxable year shall be" in the matter preceding clause (i) and inserting in lieu thereof "Except as otherwise provided in subparagraph (D), the exempt amount which is applicable to individuals described in such subparagraph and the exempt amount which is applicable to other individuals, for each month of a particular taxable year, shall each be". Post, p. 1552. (2) Section 203(f)(8)(B)(i) of such Act is amended by striking out "the exempt amount" and inserting in lieu thereof "the corresponding exempt amount". (3) The last sentence of section 203(f)(8)(B) of such Act is amended by striking out "the exempt amount" and inserting in lieu thereof "an exempt amount". (c)(1) Section 203(f)(8) of such Act is further amended by adding ait the end thereof the following new subparagraph: " (D) Notwithstanding any other provision of this subsection, the exempt amount which is applicable to an individual who has attained age 65 before the close of the taxable year involved— " (i) shall be $333,331/^ for each month of any taxable year ending after 1977 and before 1979, "(ii) shall be $375 for each month of any taxable year ending after 1978 and before 1980, " (iii) shall be $416.66% for each month of any taxable year ending after 1979 and before 1981, " (iv) shall be $458,331/^ for each month of any taxable year ending after 1980 and before 1982, and " (v) shall be $500 for each month of any taxable year ending after 1981 and before 1983.". 42 USC 403 note. (2) No notification with respect to an increased exempt amount for individuals described in section 203(f)(8)(D) of the Social Security Supra. Act (as added by paragraph (1) of this subsection) shall be required under the last sentence of section 203(f)(8)(B) of such Act in 1977, 1978, 1979, 1980, or 1981; and section 203(f)(8)(C) of such Act shall not prevent the new exempt amount determined and published under section 203(f)(8)(A) in 1977 from becoming effective to the extent that such new exempt amount applies to individuals other than those described in section 203(f)(8)(D) of such Act (as so added). (d) Subsections (f)(1), (f)(3), (f)(4)(B), and (h)(1)(A) of section 203 of such Act are each amended by striking out "$200 or the