Page:United States Statutes at Large Volume 91.djvu/1547

 PUBLIC LAW 95-216—DEC. 20, 1977

91 STAT. 1513

ALLOCATIONS TO DISABILITY INSURANCE TRUST F U N D

SEC. 102. (a)(1) Section 201(b)(1) of the Social Security Act is 42 USC 401. amended by striking out clauses (G) through (J) and inserting in lieu thereof the following: "(G) 1.55 per centum of the wages (as so defined) paid after December 31, 1977, and before January 1, 1979, and so reported, (H) 1.50 per centum of the wages (as so defined) paid after December 31, 1978, and before January 1, 1981, and so reported, (I) 1.65 per centum of the wages (as so defined) paid after December 31, 1980, and before January 1, 1985, and so reported, (J) 1.90 per centum of the wages (as so defined) paid after December 31, 1984, and before January 1, 1990, and so reported, and (K) 2.20 per centum of the wages (as so defined) paid after December 31, 1989, and so reported,". (2) Section 201(b)(2) of such Act is amended by striking out clauses (G) through (J) and inserting in lieu thereof the following: "(G) 1.090 per centum of the amount of self-employment income (as so defined) so reported for any taxable year begiiming after December 31, 1977, and before January 1, 1979, (H) 1.0400 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 1978, and before January 1, 1981, (I) 1, 2375 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 1980, and before January 1, 1985, (J) 1.4250 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 1984, and before January 1, 1990, and (K) 1.650 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 1989,". INCREASES I N EARNINGS BASE

SEC. 103. (a)(1) Section 230(a) of the Social Security Act is 42 USC 430. amended by inserting "or (c)" after "determined under subsection in the ''shall (b)
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Section 230(b) of such Act is amended by striking out "shall be" matter preceding paragraph (1) and inserting m lieu thereof (subject to subsection (c)) be". Section 230(c) of such Act is amended— (1) by inserting " (1) " immediately before "the 'contribution and benefit base' "; and (2) by striking out "section." and inserting in lieu thereof the following: "section, and (2) the 'contribution and benefit base' with respect to remuneration paid (and taxable years beginning)— " (A) in 1978 shall be $17,700, "(B) in 1979 shall be $22,900, "(C) in 1980 shall be $25,900, and "(D) in 1981 shall be $29,700. For purposes of determining under subsection (b) the 'contribution and benefit base' with respect to remuneration paid (and taxable years beginning) in 1982 and subsequent years, the dollar amounts specified in clause (2) of the preceding sentence shall be considered to have resulted from the application of such subsection (b) and to be the amount determined (with respect to the years involved) under that subsection. For purposes of determining employer tax liability under section 3221(a) of the Internal Revenue Code of 1954, for purposes of

Infra. Contribution and benefit base,

26 USC 3221.

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