Page:United States Statutes at Large Volume 90 Part 2.djvu/88

 90 STAT. 1556 26 USC 141.

PUBLIC LAW 94-455—OCT. 4, 1976 (b) STANDARD DEDUCTION. — (1) L o w INCOME ALLOWANCE.—Subsection (c) of section 141

(relating to low income allowance) is amended to read as follows: " (c) L o w INCOME A L L O W A N C E. — The low income allowance is—

" (1) $2,100 in the case of— " (A) a joint return under section 6013, or " (B) a surviving spouse (as defined in section 2(a)), " (2) $1,700 in the case of an individual who is not married and who is not a surviving spouse (as so defined), or " (3) $1,050 in the case of a married individual filing a separate return.". (2) PERCENTAGE STANDARD DEDUCTION.—Subsection (b) of sec-

tion 141 (relating to percentage standard deduction) is amended to read as follows: "(b)

PERCENTAGE STANDARD DEDUCTION. — The percentage standard

deduction is an amount equal to 16 percent of adjusted gross income, but not more than — " (1) $2,800 in the case of— " (A) a joint return under section 6013, or " (B) a surviving spouse (as defined in section 2(a)), " (2) $2,400 in the case of an individual who is not married and who is not a surviving spouse (as so defined), or " (3) $1,400 in the case of a married individual filing a separate return." 26 USC 6012.

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(3) F I L I N G REQUIREMENTS.—So m u c h of paragraph (1) of sec-

tion 6012(a) (relating to persons required to make returns of income) as precedes subparagraph (C) thereof is amended to read as follows: " (1)(A) E v e r y individual having for the taxable year a gross income of $750 or more, except that a return shall not be required of an individual (other than an individual referred to in section 142(b)) — " (i) who is not married (determined by applying section 143), is not a surviving spouse (as defined in section 2(a)), and for the taxable year has a gross income of less than $2,450, " (ii) who is a surviving spouse (as so Refined) and for the taxable year has a gross income of less than $2,850, or " ( i i i) who is entitled to make a joint r e t u r n under section 6013 and whose gross income, when combined with the gross income of his spouse, is, for the taxable year, less than $3,600 but only if such individual and his spouse, a t the close of the taxable year, h a d the same household as their home. Clause (iii) shall not apply if for the taxable year such spouse makes a separate return or any other taxpayer is entitled to an exemption for such spouse under section 151(e). " (B) The amount specified in clause (i) or (ii) of subparagraph (A) shall be increased by $750 i n the case of a n individual entitled to an additional personal exemption under section 151 (c)(1), and the amount specified in clause (iii) of subparagraph (A) shall be increased by $750 for each additional personal exemption to which the individual or his spouse is entitled under section 1 5 1 (c); ". (c) E A R N E D I N C O M E C R E D I T. — (1) E X T E N S I O N OF CREDIT.—

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