Page:United States Statutes at Large Volume 111 Part 1.djvu/886

 Ill STAT. 862 PUBLIC LAW 105-34—AUG. 5, 1997 "(B) ELECTION. —An election under this paragraph shall apply to the taxable year for which made and all succeeding taxable years unless revoked with the consent of the Secretary.". (2) Paragraph (1) of section 45C(b) is amended by striking "May 31, 1997" and inserting "June 30, 1998". 26 USC 41 note. (c) EFFECTIVE DATE. —The amendments made by this section shall apply to amounts paid or incurred after May 31, 1997. SEC. 602. CONTRIBUTIONS OF STOCK TO PRIVATE FOUNDATIONS. (a) IN GENERAL. —Clause (ii) of section 170(e)(5)(D) (relating to termination) is amended by striking "May 31, 1997" and inserting "June 30, 1998". 26 USC 170 note. (b) EFFECTIVE DATE. —The amendment made by subsection (a) shall apply to contributions made after May 31, 1997. SEC. 603. WORK OPPORTUNITY TAX CREDIT. (a) EXTENSION. — Subparagraph (B) of section 51(c)(4) (relating to termination) is amended by striking "September 30, 1997" and inserting "June 30, 1998". (b) MODIFICATION OF ELIGIBILITY REQUIREMENT BASED ON PERIOD ON WELFARE. — (1) IN GENERAL. — Subparagraph (A) of section 51(d)(2) (defining qualified IV-A recipient) is amended by striking all that follows "a IV-A program and inserting "for any 9 months during the 18-month period ending on the hiring date.". (2) CONFORMING AMENDMENT. —Subparagraph (A) of section 51(d)(3) is amended to read as follows: "(A) IN GENERAL.— The term 'qualified veteran' means any veteran who is certified by the designated local agency as being a member of a family receiving assistance under a food stamp program under the Food Stamp Act of 1977 for at least a 3-month period ending during the 12-month period ending on the hiring date.". (c) QUALIFIED SSI RECIPIENTS TREATED AS MEMBERS OF TAR- GETED GROUPS. — (1) IN GENERAL. — Section 51(d)(1) (relating to members of targeted groups) is amended by striking "or" at the end of subparagraph (F), by striking the period at the end of subparagraph (G) and inserting ", or", and by adding at the end the following new subparagraph: "(H) a qualified SSI recipient.". (2) QUALIFIED SSI RECIPIENTS.— Section 51(d) is amended by redesignating paragraphs (9), (10), and (11) as paragraphs (10), (11), and (12), respectively, and by inserting after paragraph (8) the following new paragraph: "(9) QUALIFIED SSI RECIPIENT. —The term 'qualified SSI recipient' means any individual who is certified by the designated local agency as receiving supplemental security income benefits under title XVI of the Social Security Act (including supplemental security income benefits of the tj^je described in section 1616 of such Act or section 212 of Public Law 93- 66) for any month ending within the 60-day period ending on the hiring date.". (d) PERCENTAGE OF WAGES ALLOWED AS CREDIT.— (1) IN GENERAL.—Subsection (a) of section 51 (relating to determination of amount) is amended by striking "35 percent" and inserting "40 percent".

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