PUBLIC LAW 95-216—DEC. 20, 1977 be paid in installments over an appropriate period of time, as determined under regulations prescribed by the Secretary, rather than in a lump sum.". (e) The first sentence of section 3 of Public Law 94-563 (in the matter following paragraph (3)) is amended— (1) by inserting "on or before April 15, 1980," after "filed"; and (2) by inserting "(or by satisfactory evidence that appropriate arrangements have been made for the repayment of such taxes in installments as provided in section 3121(k)(8) of such Code)" after "so refunded or credited". (f) Section 3121(k)(4)(A)(i) of the Internal lievenue Code of 1954 (relating to constructive filing of certificate where no refund or credit of taxes has been made) is amended by striking out "or any subsequent date" and inserting in lieu thereof "(or, if later, as of the earliest date on which it satisfies clause (ii) of this subparagraph.)". (g) Section 3121(k)(4)(B) of such Code (relating to constructive filing of certificate where no refund or credit of taxes has been made) is amended— (1) by striking out the period at the end of clause (ii) and inserting in lieu thereof ", or"; and (2) by adding after clause (ii) the following new clause: "(iii) the organization, prior to the end of the period referred to in clause (ii) of such subparagraph (and, in the case of an organization organized on or before October 9, 1969, prior to October 19, 1976), had applied for a ruling or determination letter acknowledging it to be exempt from income tax under section 501(c)(3), and it subsequently received such ruling or determination letter and did not pay any taxes under sections 3101 and 3111 with respect to any employee with respect to any quarter ending after the twelfth month following the date of mailing of such ruling or determination letter and did not pay any such taxes with respect to any quarter beginning after the later of (I) December 31, 1975 or (II) the date on which such ruling or determination letter was issued.", (h) The amendments made by subsections (a), (b), (d), (e), (f), and (g) of this section shall be effective as though they had been included as a part of the amendments made to section 3121(k) of the Internal Revenue Code of 1954 by the first section of Public Law 94-563 (or, in the case of the amendments made by subsection (e), as a part of section 3 of such Public Law).
91 STAT. 1535
26 USC 3121 note.
Ante, p. 1534 26 USC 3121
26 USC 501. Ante, p. 1510, Post, p. 1540. Ante, p. 1511, Post, pp. 1537, 1540.
Effective date. 26 USC 3121 note.
EXCLUSION FROM COVERAGE OF CERTAIN LIMITED PARTNERSHIP INCOME
SEC. 313. (a) Section 211(a) of the Social Security Act is amended— 42 USC 411. (1) by striking out "and" at the end of paragraph (9); (2) by striking out the period at the end of paragraph (10) and inserting in lieu thereof "; and"; and (3) by inserting after paragraph (10) the following new paragraph: " (11) There shall be excluded the distributive share of any item of income or loss of a limited partner, as such, other than guaranteed payments described in section 707(c) of the Internal Revenue Code of 1954 to that partner for services actually ren- 26 USC 707. dered to or on behalf of the partnership to the extent that those payments are established to be in the nature of remuneration for those services.".
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