Page:United States Statutes at Large Volume 74.djvu/1024

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PUBLIC LAW 86-778-SEPT. 13, 1960

[74 S T A T.

(2) The table of sections for such chapter is amended by striking out the last line and inserting in lieu thereof the following: "Sec. 3308. Instrumentalities of the United States. "Sec. 3309. Short title." (e) So much of the first sentence of section 1501(a) of the Social 42 USC 1361. Security Act as precedes paragraph (1) is amended by striking out "wholly" and inserting in lieu thereof "wholly or partially". 42 USC 1367. (f) The first sentence of section 1507(a) of the Social Security Act is amended by striking out "wholly" and inserting in lieu thereof "wholly or partially". 73 Stat. 390. (g) Notwithstanding section 203(b) of the F a r m Credit Act of 12 USC 6 4 O Z 1959, sections 3305(b), 3306(c)(6), and 3308 of the Internal Revenue note. Ante, p. 983. Code of 1954 and sections 1501(a) and 1507(a) of the Social Security Act shall be applicable, according to their terms, to the Federal land banks, Federal intermediate credit banks, and banks for cooperatives. AMERICAN AIRCRAFT 26 USC 3306.

SEC. 532. (a) So much of section 3306(c) of the Internal Revenue Code of 1954 as precedes paragraph (1) thereof is amended by striking out "or (B) on or in connection with an American vessel" and all that follows down through the phrase "outside the United States," and by inserting in lieu thereof the following: "or (B) on or in connection with an American vessel or American aircraft under a contract of service which is entered into within the United States or during the performance of which and while the employee is employed on the vessel or aircraft it touches at a port in the United States, if the employee is employed on and in connection with such vessel or aircraft when outside the United States,". (b) Section 3306(c)(4) of such Code is amended to read as follows: "(4) service performed on or in connection with a vessel or aircraft not an American vessel or American aircraft, if the employee is employed on and in connection with such vessel or aircraft when outside the United States;". (c) Section 3306(m) of such Code is amended— (1) by striking out the heading and inserting in lieu thereof the following: " (m) AMERICAN VESSEL AND AIRCRAFT.—"; and

(2) by striking out the period at the end thereof and inserting in lieu thereof a semicolon and the following: "and the term 'American aircraft' means an aircraft registered under the laws of the United States." FEEDER ORGANIZATIONS, ETC.

26 USC 501.

SEC. 533. Section 3306(c)(8) of the Internal Revenue Code of 1954 is amended to read as follows: "(8) service performed in the employ of a religious, charitable, educational, or other organization described in section 501(c)(3) which is exempt from income tax under section 501(a); ". FRATERNAL BENEFICIARY SOCIETIES, AGRICULTURAL ORGANIZATIONS, VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATIONS, ETC.

SEC. 534. Section 3306(c) (10) of the Internal Revenue Code of 1954 is amended to read as follows: "(10)(A) service performed in any calendar quarter in the employ of any organization exempt from income tax under section 501(a) (other than an organization described in section

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