Page:United States Statutes at Large Volume 68 Part 1.djvu/1108

 1076

42 USC 4 0 2; ante, p. 1073; post, p p. 10 7 9, 1083, 1085.

42 USC 4 0 2; ante, p. 1073; post, p p. 1 0 7 9, 1083, 1085.

42 USC 4 0 3; post, p. 1078.

PUBLIC LAW 7 6 1 - S E P T. 1, 1954

[68

STAT.

(4) Paragraph (2) of such section 203(g) is amended to read as follows: "(2) If an individual fails to make a report required under paragraph (1), within the time prescribed therein, for any taxable year and any deduction is imposed under subsection (b)(1) by reason of his earnings for such year, he shall suffer additional deductions as follows: " (A) if such failure is the first one with respect to which an additional deduction is imposed under this paragraph, such additional deduction shall be equal to his benefit or benefits for the last month of such year for which he was entitled to a benefit under section 202; " (B) if such failure is the second one for which an additional deduction is imposed under this paragraph, such additional deduction shall be equal to two times his benefit or benefits for the last month of such year for which he was entitled to a benefit under section 202; " (C) if such failure is the third or a subsequent one for which an additional deduction is imposed under this paragraph, such additional deduction shall be equal to three times his benefit or benefits for the last month of such year for which he was entitled to a benefit under section 202; except that the number of the additional deductions required by this paragraph with respect to a failure to report earnings for a taxable year shall not exceed the number of months in such year for which such individual received and accepted insurance benefits under section 202 and for which deductions are imposed under subsection (b)(1) by reason of his earnings. In determining whether a failure to report earnings is the first or a subsequent failure for any individual, all taxable years ending prior to the imposition of the first additional deduction under this paragraph, other than the latest one of such years, shall be disregarded." (5) Paragraph (3) of such section 203(g) is amended by striking out "subsection (b)(2) " each time it appears and inserting in lieu thereof "subsection (b)(1) "; by striking out "net earnings from selfemployment" each time it appears and inserting in lieu thereof "earnings"; by striking out "such net earnings" and inserting in lieu thereof "such earnings"; and by adding at the end of such paragraph the following new sentence: "If, after the close of a taxable year of an individual entitled to benefits under section 202 for such year, the Secretary requests such individual to furnish a report of his earnings (as computed pursuant to paragraph (4) of subsection (e)) for such taxable year or any other information with respect to such earnings which the Secretary may specify, and the individual fails to comply with such request, such failure shall in itself constitute justification for a determination that such individual's benefits are subject to deductions under svibsection (b)(1) for each month in such taxable year (or only for such months thereof as the Secretary may specify) by reason of his earnings for such year." (6) The heading of section 203(j) of such Act is amended by striking out "Seventy-five" and inserting in lieu thereof "Seventytwo" and such section is amended by striking out "seventy-five" and inserting in lieu thereof "seventy-two". (g) Section 203 of such Act is amended by adding at the end thereof the following new subsection:

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