Page:United States Statutes at Large Volume 102 Part 4.djvu/768

 102 STAT. 3738

PUBLIC LAW 100-647—NOV. 10, 1988 "(e) CONTINUING LEVY ON SALARY AND WAGES.—The effect of a

levy on salaxy or wages payable to or received by a taxpayer shall be continuous from the date such levy is first made until such levy is released under section 6343." (2) CROSS REFERENCE.—Section 6331(f) of the 1986 Code (relate ing to cross references) is amended by adding at the end thereof the following new paragraph: "(3) For release and notice of release of levy, see section 6343." (c) INCREASE IN AMOUNTS OF (CERTAIN PROPERTY EXEBIFT FROM LEVY.— (1) FUEL, PROVISIONS, FURNITURE, PERSONAL EFFECTS.—Para-

graph (2) of section 6334(a) of the 1986 Code (relating to property exempt from levy) is amended by striking out "$1,500" and inserting in lieu thereof "$1,650 ($1,550 in the case of levies issued during 1989)". (2) BOOKS AND TOOI^.—Paragraph (3) of section 6334(a) of the 1986 Code is amended by striking out "$1,000" and inserting in lieu thereof "$1,100 ($1,050 in the case of levies issued during 1989)". (3) WAGES, SALARY, AND OTHER INCOME.— (A) INCREASE IN AMOUNT EXEMPT.—Paragraph (1) of sec-

tion 6334(d) of the 1986 Code (relating to exempt amount of wages, salary, or other income) is amended to read as follows: "(1) INDIVIDUALS ON WEEKLY BASIS.—In the case of an individual who is paid or receives all of his wages, salary, and other income on a weekly basis, the amount of the wages, salary, and other income payable to or received by him during any week which is exempt from levy under subsection (a)(9) shall be the exempt amount." (B) EIXEMPT AMOUNT DEFINED.—Subsection (d) of section

6334 of the 1986 Code (relating to property exempt fix)m levy) is amended by redesignating paragraph (2) as paragraph (3) and by inserting after paragraph (1) the following new paragraph: "(2) ExaiCPT AMOUNT.—For purposes of paragraph (1), the term 'exempt amount' means an amount equal to— "(A) the sum of— "(i) the standard deduction, and "(ii) the aggr^ate amount of the deductions for personal exemptions allowed the taxpayer under section 151 in the taxable year in which such levy occurs, divided by "(B) 52. Unless the taxpayer submits to the Secretary a written and properly verified statement specifying the facts necessary to determine the proper amount under subparagraph (A), subparagraph (A) shall be applied as if the taxpayer were a married individual filing a separate return with only 1 personal exemption." (4) ADDITIONAL PROPERTY EXEMPT FROM LEVY.—

(A) IN GENERAL.—Subsection (a) of section 6334 of the 1986 Code (relating to property exempt from levy) is amended by adding at the end thereof the following new paragraphs:

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