Page:United States Statutes at Large Volume 68 Part 1.djvu/1072

 1040 45 USC 228a et seq. Waiver.

Ante, p. 1039.

PUBLIC LAW 746-AUG. 31, 1954

[68 S T A T.

SEC. 15. The Railroad Retirement Act of 1937, as amended, is hereby amended by adding at the end thereof the following new section: "SEC. 20. Any person awarded an annuity or pension under this Act may decline to accept all or any part of such annuity or pensior by a waiver signed and filed with the Board. Such waiver may be revoked in writing at any time, but no payment of the annuity or pension waived shall be made covering the period during which such waiver was in effect. Such waiver shall have no effect on the amount of the spouse's annuity, or of a lump sum under section 5(f)(2), which would otherwise be due, and it shall have no effect for purposes of the last sentence of section 5(g)(1). " PART II—AMENDMENTS TO THE RAILROAD RETIREMENT TAX ACT

60 Stat. 723. 26 USC 1500.

SEC. 201. Section 1500 of the Railroad Retirement Tax Act is hereby amended by inserting after the word "month" the following: "before July 1, 1954, and as is not in excess of $350 for any calendar month after June 30, 1954". 26 USC 1501. SEC. 202. Section 1501 of the Railroad Retirement Tax Act is hereby amended by inserting after the figure "300" where it first appears the following: "for any month before July 1, 1954, or in excess of $350 for any month after June 30, 1954"; and by inserting after the figure "300" where it appears the second time, the following: "if such month is before July 1, 1954, or is less than $350 if such month is after June 30, 1954". 26 USC 1510. SEC. 203. Section 1510 of the Railroad Retirement Tax Act is hereby amended by inserting after the word "month" the following: "before July 1, 1954, and as is not in excess of $350 for any calendar month after June 30, 1954". 26 USC 1520. SEC. 204. Section 1520 of the Railroad Retirement Tax Act is hereby amended by inserting after the word "month" where it first appears the phrase: "before July 1, 1954"; by inserting after the figure "$300" where it first appears the following: ", and for any calendar month after June 30, 1954, not in excess of $350"; by inserting after the phrase "shall apply" where it first appears the phrase: ", with respect to any calendar month before July 1, 1954,"; by inserting after the figure "300" where it appears the second time, the phrase: ", and with respect to any calendar month after June 30, 1954, to not more than $350,"; and by inserting after the figure "300" where it appears the third time the phrase: "if the month is before July 1, 1954, or is less than $350 if the month is after June 30, 1954". 26 USC 1532. SEC. 205. Subsection (e) of section 1532 of the Railroad Retirement Tax Act is hereby amended by inserting at the end thereof the followDelegate's com- ing sentence: "Compensation for service as a delegate to a national pensation. or international convention of a railway labor organization defined as an 'employer' in subsection (a) of this section shall be disregarded for purposes of determining the amount of taxes due pursuant to this subchapter if the individual rendering such service has not previously rendered service, other than as such a delegate, which may be included 45 USC 228 et in his 'years of service' for purposes of the Railroad Retirement Act.". seq. SEC. 206. (a) Section 3201, section 3202(a), section 3211, and sec6 8A Stat. 4 3 1, tion 3221 of the Internal Revenue Code of 1954 are hereby amended by 432, 433. striking out "$300" each place it appears in each such section and inserting in lieu thereof "$350". 68A Stat. 437. (b) Section 3231(e)(1) of the Internal Revenue Code of 1954 is hereby amended by inserting at the end thereof the following sentence: "Compensation for service as a delegate to a national or international convention of a railway labor organization defined as an 'employer' in subsection (a) of this section shall be disregarded

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