Page:United States Statutes at Large Volume 86.djvu/1318

 1276 Effective date.

D.C. Council Chairman, compensation. D.C. Code 1 app.

PUBLIC LAW 92-580-OCT. 27, 1972

SEC. 2. The amendments made by section 1 of this Act shall apply only with respect to actions brought after the date of enactment of this Act. SEC. 3. On and after the date of the enactment of this Act, the Chairman of the District of Columbia Council shall receive compensation at the rate of $20,000 per aiinum. Approved October 27, 1972. ^ 'i^MIXMrj Public Law 92-580

October 27, 1972

[H.R. 1467]

Taxes. American Samoans. 68A Stat. 4 3; 72 Stat. 1607. 26 USC 152. 80 Stat. 1550.

83 Stat. 675.

Effective date. Estate tax, annuities. 68A Stat. 384; 80 Stat. 3 3.

[86 STAT.

ildii^ AN

ACT

rj[Q amend the Internal Revenue Code of 1954 with respect to personal exemptions in the case of American Samoans, and for other purposes.

Be it enacted by the SenMe and House of Representatives of the United States of America in Congress OMsembled^ That (a) section 152(b)(3) of the Internal Revenue Code of 1954 (defining the term "dependent") is amended by striking out "citizen of the United States" each place it appears and inserting in lieu thereof "citizen or national of the United States". (b) Paragraph (3) of section 873(b) of such Code (relating to deductions in case of nonresidential alien individuals) is amended to read as follows: " (3) PERSONAL EXEMPTIOX.—The deduction for personal exemptions allowed by section 151, except that only one exemption shall be allowed under section 151 unless the taxpayer is a resident of a contiguous country or is a national of the United States." (c) The amendments made by subsections (a) and (b) shall apply to taxable years beginning after December 31, 1971. SEC. 2. (a) Section 2039 of the Internal Revenue Code of 1954 (relating to estate tax treatment of annuities) is amended by adding at the end thereof the following new subsection: " (d) EXEMPTION or CERTAIN A N N U I T Y INTERESTS CREATED BY COMMUNITY PROPERTY LAWS.—In the case of an employee on whose behalf

Effective date.

72 Stat. 1672; 83 Stat. 711. 26 USC 162 note.

contributions or payments were made by his employer or former employer under a trust or plan described in subsection (c)(1) or (2), or toward the purchase of a contract described in subsection (c)(3), which under subsection (c) are not considered as contributed by the employee, if the spouse of such employee predeceases him, then, notwithstanding the provisions of this section or of any other provision of law, there shall be excluded from the gross estate of such spouse the value of any interest of such spouse in such trust or plan or such contract, to the extent such interest— "(1) is attributable to such contributions or payments, and "(2) arises solely by reason of such spouse's interest in community income under the community property laws of a State." (b) The amendment made by subsection (a) shall apply with respect to estates of decedents for which the period prescribed by the Internal Revenue Code of 1954 for filing of a claim for credit or refund of an overpayment of estate tax ends on or after the date of enactment of this Act. No interest shall be allowed or paid on any overpayment of estate tax resulting from the application of the amendment made by subsection (a) for any period prior to the expiration of the one hundred and eightieth day following the date of the enactment of this Act. SEC. 3. Section 97 of the Technical Amendments Act of 1958 is amended by striking out "January 1, 1971" and inserting in lieu thereof "January 1, 1973".

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