Page:United States Statutes at Large Volume 89.djvu/107

 PUBLIC LAW 94-12—MAR. 29, 1975

89 STAT. 47

" (2) MIGRANT WORKER.—For purposes of paragraph (1), the term ' m i g r a n t worker' means an individual who is employed for services for which the customary period of employment by one employer is less than 30 days if the n a t u r e of such services requires that such individual travel from place to place over a short period of time." (b) EFFECTIVE D A T E. — The amendments made by this section with 26 USC 50A respect to federal welfare recipient employment incentive expenses "ot^shall apply to such expenses paid or incurred by a tax p a y e r to an eligible employee whom such tax p a y e r hires after the date of the enactment of this Act. SEC. 402. TIME WHEN CONTRIBUTIONS DEEMED MADE TO CERTAIN PENSION PLANS. Section 1017 of the Employee Retirement Income Security Act of 1974 (relating to effective dates for funding, etc., provisions of that 26 USC 410 note. Act) is amended— (1) in subsection (b) by striking out " (c) through (h), " and inserting in lieu thereof " (c) through (i), "; and (2) by adding at the end thereof the following new subsection: " (i) CONTRIBUTIONS TO H. R. 10 P T ^ N S. — Notwithstanding subsec-

tions (b) and (c)(2), in the case of a plan in existence on January 1, 1974, the amendment made by section 1013(c)(2) of this Act shall 88 Stat. 914. apply, with respect to a plan which provides contributions or benefits 26 USC 412. for employees some or all of whom are employees within the meaning of section 401(c)(1) of the Internal Revenue Code of 1954, for plan 26 USC 401. years beginning after December 31, 1974, but only if the employer (within the meaning of section 401(c)(4) of such Code) elects in such manner and a t such time as the Secretary of the Treasury or his delegate shall by regulations prescribe, to have such amendment so apply. Any election made under this subsection, once made, shall be irrevocable."

TITLE V—PERCENTAGE DEPLETION SEC. 501. LIMITATIONS ON PERCENTAGE DEPLETION FOR OIL AND GAS. (a) IN GENERAL. — Part I of subchapter I of chapter 1 (relatpig to n a t u r a l resources) is amended by inserting after section 613 the following new section: "SEC. 613A. LIMITATIONS ON PERCENTAGE DEPLETION IN CASE OF 26 USC 613A. OIL AND GAS WELLS. " (a) GENERAL RULE. — E x c e p t as otherwise provided in this section, the allowance for depletion under section 611 with respect to any 26 USC 611. oil or gas well shall be computed without regard to section 613. 26 USC 613. "(b)

E X E M P T I O N FOR CERTAIN DOMESTIC G A S WEI^LS.—

" (1) IN GENERAL.—The allowance for depletion under section 611 shall be computed in accordance with section 613 with respect to— " (A) regulated natural gas, " (B) n a t u r a l gas sold under a fixed contract, and " (C) any geothermal deposit in the United States or in a possession of the United States which is determined to be a gas well within the meaning of section 613(b)(1)(A), and 22 percent shall be deemed to be specified in subsection (b) of section 613 for purposes of subsection (a) of that section.

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