Page:United States Statutes at Large Volume 90 Part 2.djvu/299

 PUBLIC LAW 94-455—OCT. 4, 1976

90 STAT. 1767

"(3) Amounts credited to the Maritime Administration under section 9(b)(6) of the Merchant Ship Sales Act of 1946, see section 9(c)(1) of that Act (50 U.S.C. App. 1742). "(4) Benefits under laws administered by the Veterans' Administration, see section 3101 of title 38, United States Code. "(5) Earnings of ship contractors deposited in special reserve funds, see section 607(d) of the Merchant Marine Act, 1936 (46 U.S.C. 1177). "(6) Income derived from Federal Reserve banks, including capital stock and surplus, see section 7 of the Federal Reserve Act (12 U.S.C. 531). "(7) Railroad retirement annuities and pensions, see section 12 of the Railroad Retirement Act of 1935 (45 U.S.C. 2281). "(8) Railroad unemployment benefits, see section 2(e) of the Railroad Unemployment Insurance Act (45 U.S.C. 352). "(9) Special pensions of persons on Army and Navy medal of honor roll, see 38 U.S.C. 562(a)-(c). "(b) For extension of military income-tax-exemption benefits to commissioned officers of Public Health Service in certain circumstances, see section 212 of the Public Health Service Act (42 U.S.C. 213)." (22) AMENDMENT OP SECTION 143.—Section 143 ( r e l a t i n g to

determination of marital status) is amended by striking out "this part " each place it appears and inserting i n lieu thereof "this part and part V". (23) AMENDMENT OF SECTION 151.—Section 151(e)(4) (defining student and educational institution) is amended to read as follows: "(4)

STUDENT D E F I N E D. — For purposes of paragraph

26 USC 143.

= 26 USC 151.

(1)(B)

(ii), the term 'student' means a n individual who during each of 5 calendar months during the calendar year in which the taxable year of the taxpayer begins— " (A) is a full-time student a t a n educational organization described in section 170(b)(1)(A) ( i i); or " (B) is p u r s u i n g a full-time course of institutional on-farm t r a i n i n g under the supervision of a n accredited agent of a n educational organization described i n section 170(b)(1)(A) (ii) or of a State or political subdivision of

a State." (24) AMENDMENTS OF SECTION 152.—

(A) Section 152(a) (defining dependent) is amended— (i) by inserting " o r " a t the end of paragraph (8), (ii) by striking out ", o r " a t the end of paragraph (9) and inserting in lieu thereof a period, and (iii) by striking out paragraph ( 1 0). (B) Section 152(b)(3) (relating to rules concerning the definition of dependent) is amended to read as follows: " (3) The term 'dependent' does not include any individual w h o is not a citizen o r national of the United States unless such individual is a resident of the United States or of a country contiguous to the tjnited States. The preceding sentence shall not exclude from the definition of 'dependent' any child of the taxpayer legally adopted by h i m, if, to r the taxable year of the taxpayer, the child has as his principal place of abode the home of the taxpayer and is a member of the taxpayer's household, and if the taxpayer is a citizen or national of the United States." (25) AMENDMENTS OF SECTION 164.—Section 164(d)(2) (relati n g to apportionment of taxes on real property between the seller and purchaser) is amended by striking out subparagraph s (B) and (C), and by redesignating subparagraph (D) as subparagraph (B). (26) AMENDMENTS OF SECTION les.—Section 165 ( r e l a t i n g to

deduction of losses) is amended by striking out subsection (i)

26 USC 152.

"Dependent."

26 USC 164.

26 USC 165.

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