Page:United States Statutes at Large Volume 84 Part 1.djvu/771

 84 STAT.

PUBLIC LAW 91-373-AUG. 10, 1970

(3) I n the case of a State law containing a provision described in paragraph (1), section 204 shall also apply with respect to weeks of unemployment in extended benefit periods determined pursuant to paragraph (1). (c) Section 3304(a) (11) of the Internal Revenue Code of 1954 (as added by section 206) shall not be a requirement for the State law of any State— (1) in the case of any State the legislature of which does not meet in a regular session which closes during the calendar year 1971, with respect to any week of unemployment which begins prior to July 1, 1972; or (2) in the case of any other State, with respect to any week of imemployment which begins prior to January 1, 1972.

713

Exception.

TITLE III—FINANCING PROVISIONS SEC. 301. RATE OF TAX. (a) Effective with respect to remuneration paid after December 31, 1969, section 3301 of the Internal Revenue Code of 1954 is amended to jy^lt^'l\ ^^-'•' read as follows: 26 USC 3301. "SEC. 3301. RATE OF TAX. "There is hereby imposed on every employer (as defined in section 3306(a)) for the calendar year 1970 and each calendar year thereafter Ante, p. 696. an excise tax, with respect to having individuals in his employ, equal to 3.2 percent of the total wages (as defined in section 3306(b)) paid gi^stltfgas^^'' by him during the calendar year with respect to employment (as Ante, p. 699. defined in section 3306(c))." (b) For purposes of section 6157 of the Internal Revenue Code of Stat. 9 1. 1954 (relating to payment of Federal unemployment tax on quarterly 83 USC 6157. 26 or other time period basis), in computing tax as required by subsections (a)(1) and (2) of such section, the percentage contained in Ante, p. 696. subsection (b) of such section applicable with respect to wages paid in any calendar quarter in 1970 ending before the date of the enactment of this Act shall be treated as being 0.4 percent. SEC. 302. INCREASE IN WAGE BASE. Effective with respect to remuneration paid after December 31, 1971, Effective date. section 3306(b)(1) of the Internal Revenue Code of 1954 is amended by striking out "$3,000" each place it appears and inserting in lieu thereof "$4,200". SEC. 303. CHANGES IN EMPLOYMENT SECURITY ADMINISTRATION ACCOUNT. (a) Section 901(c) of the Social Security Act is amended, effective ^7 Stat. 51; with respect to fiscal years after June 30, 1970, by— ^^42 USC^^rioi, (1) changing paragraph (1) to read as follows: "(1) There are hereby authorized to be made available for expenditure out of the employment security administration account for the fiscal year ending June 30, 1971, and for each fiscal year thereafter— " (A) such amounts (not in excess of the applicable limit provided by paragraph (3) and, with respect to clause (ii), not in excess of the limit provided by paragraph (4)) as the Congress may deem appropriate for the purpose of— "(i) assisting the States in the administration of their unemployment compensation laws as provided in title III ^"'^' P- ^oa. (including administration pursuant to agreements under any Federal unemployment compensation law),

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