Page:United States Statutes at Large Volume 78.djvu/66

 24 68A Stat. 8. 26 USC 2. Post, p. 129; Ante, p. 23. 26 USC 3, 141. Post, p. 110. 26 USC 144.

26 USC 6212.

26 USC 6504.

Post, p. 32. 2© use 37.

PUBLIC LAW 88-272-FEB. 26, 1964

[78 STAT.

(b) AMENDMENT OF SECTION 2.—The second sentence of section 2(a) (relating to tax in case of joint return or return of surviving spouse) is amended by striking out "and section 3 " and inserting in lieu thereof ", section 3, and section 141". (c) AMENDMENTS OF SECTION 144.—

(1) The first sentence of section 144(b) (relating to change of election of standard deduction) is amended to read as follows: "Under regulations prescribed by ther Secretary or his delegate, a change of election with respect to the standard deduction for any taxable year may be made after the filing of the return for such year." (2) Section 144 is amended by adding at the end thereof the following new subsection: "(c) CHANGE OF ELECTION DEFINED.—For purposes of this title, the term 'change of election with respect to the standard deduction' means— "(1) a change of an election to take (or not to take) the standard deduction; "(2) a change of an election to pay (or -jiot to pay) the tax under section 3; or "(3) a change of an election under section 141(d)(2)." (d) CONFORMING AMENDMENTS.—

(1) Subparagraph (A) of section 6212(c)(2) (relating to crosB references) is amended by striking out "to take" and inserting in lieu thereof "with respect to the". (2) Paragraph (3) of section 6504 (relating to cross references) is amended by striking out "to take" and inserting in lieu thereof "with respect to the". SEC. 113. RELATED AMENDMENTS. (a) RETIREMENT INCOME CREDIT.—Section 37(a)

(relating

to

Ante, p. 19. 26 USC 1.

<;redit against tax for retirement income) is amended by striking out "an amount equal to the amount received by such individual as retirenient income (as defined in subsection (c) and as limited by subsection (d)), multiplied by the rate provided in section 1 for the first $2,000 of taxable income;" and inserting in lieu thereof "an amount equal to 17 percent, in the case of a taxable year beginning in 1964, or 15 percent, in the case of a taxable year beginning after December 31, 1964, of the amount ret^eived by such hidividual as retirement income (as defined in sul)section (c) and as limited by subsection (d)); ".

26 USC 871.

(b) TAX ON XONRESIDENT ALIEN INDIVIDITALS.—Section 871 (relat-

ing to tax on nonresident alien individuals) is amended— (1) By striking out "is more than $15,400, except that^—" in supsection (b) and inserting in lieu thereof "is more than $19,000 ill the case of a taxable year beginning in 1964 oi* more than $21,2(K* in the case of a taxable year beginning after 1964, except that—". (2) By striking out the heading to subsection (a) and inserting in lieu theivof the following: " (a) Xo rNiTKi) STATUS BUSINESS—30 PERCENT T A X. — ".

(3) By stnking out the heading to subsection (b) and insei"ting in lieu thereof the following: " (b) Ni > r N rrED STAIKS B i SIN ESS REGULAR T A X. -". SEC. 114. ("ROSS REFERENCES TO TAX TABLES, ETC. (1) For optional tax if adjusted ti^ross income is less than $5,000, see section 301 of this Act. (2) For income tax collected at source, see section.302 of this Act.

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