Page:United States Statutes at Large Volume 86.djvu/448

 406

PUBLIC LAW 92.336-JULY 1, 1972

[86 STAT.

Public Law 92-336 July 1, 1972 [H. R. 15390]

Public debt limit; disaster losses; Social Security Act, amendments. Ante, p. 63. 85 Stat. 5. 76 Stat. 51. 26 USC 165.

Effective date.

AN ACT To provide for a four-month extension of the present temporary level in the public debt limitation, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That Public Law 92-250 and section 2(a) of Public Law 92-5 are each amended by striking out "June 30, 1972," and inserting in lieu thereof "October 31, 1972,". SEC. 2. (a) Section 165(h)(1) of the Internal Revenue Code of 1954 (relating to disaster losses) is amended to read as follows: "(1) attributable to a disaster which occurs during the period after the close of the taxable year and on or before the last day of the 6th calendar month beginning after the close of the taxable year, and". (b) The amendment made by subsection (a) shall apply to disasters occurring after December 31, 1971, in taxable years ending after such date. TITLE II—AMENDMENTS TO THE SOCIAL PROGRAM

SECURITY

INCREASE I N OLD-AGE, SURVIVORS, AND DISABILITY INSURANCE BENEFITS. AND I N BENEFITS FOR CERTAIN INDIVIDUALS AGE 72 OR OVER 85 Stat. 6. 42 USC 415.

SEC. 201. (a) Section 215(a) of the Social Security Act is amended by striking out the table and inserting in lieu thereof the following: "TABLE FOR DETERMINING PRIMARY INSURANCE AMOUNT AND MAXIMUM FAMILY BENEFITS II

"I (Primary insurance benefit under 1939 Act, as modified)

in

IV

V

(Primary insurance amount under 1971 Act)

(Average montlily wage)

(Primary insurance amount)

(Maximum family benefits)

B u t not more than—

The amount referred to in the preceding par^raplis of this subsection shall be—

And the maximum amount of benefits payable (as provided i n sec. 203(a)) on the basi of his wage^ and selfemployment income shall be—

$76 78 80 81 83 85 87 89 90 92 94 96 97 99 101 102 104 106 107 109 113 118 122 127

$84.50 85.80 87.80 89.40 91.00 92.90 94.60 96.20 98.10 99.80 101.40 103.00 104.90 106.70 108.80 110.30 112.10 114.20 116.00 117.90 119.70 121.40 123.30 125.10

$126.80 128.80 131.70 134.20 136.50 139.40 141.90 144.30 147.20 149.70 152.20 154.60 157.40 160.10 163.20 165.50 168.20 171.30 173.90 176.90 179.60 182.10 185.00 187.70

Or his average montlily ws^e (as determined under subsec. (b)) is—

If an individual's primary insurance benefit (as determined under subsec. (d)) is—

A t least—

$16.21 16.86 17.61 18.41 19.25 20.01 20.66 2L29 21.89 22.29 22.69 23.09 23.45 23.77 24.21 24.61 25.01 25.49 26.93 26.41 26.96 27.47 28.01

Or Ills primary insurance amount (as determined under B u t not subsec. more tlian— (c)) i s -

$16.20 16.84 17.60 18.40 19.24 20.00 20.64 21.28 21.88 22.28 22.68 23; 08 23.44 23.76 24.20 24.60 25.00 25.48 25.92 26.40 26.94 27.46 28.00 28.68

$70.40 71.50 73.10 74.50 75.80 77.40 78.80 80.10 81.70 83.10 84.50 85.80 87.40 88.90 90.60 91.90 93.40 95.10 96.60 98.20 99.70 101.10 102.70 104.20

A t least—

•

$77 79 81 82 84 86 88 90 91 93 95 97 98 100 102 103 105 107 108 110 114 119 123

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