Page:United States Statutes at Large Volume 92 Part 1.djvu/1052

 92 STAT. 998

PUBLIC LAW 95-427—OCT. 7, 1978

"(ii) such meals are furnished by the employer for the convenience of the employer, there shall be excluded from the employee's gross income an amount equal to such fixed charge. " (B) APPLICATION or SUBPARAGUAPM (A).—Subparagraph (A) shall apply— "(i) whether the employee pays the fixed charge out of his stated compensation or out of his own funds, and "(ii) only if the employee is required to make the payment whetlier he accepts or declines the meals." 26 USC 119 note. (b) EriECTivE DATE.—The amendment made by subsection (a) shall apply with respect to taxable years beginning after December 31, 1953, and ending after August 16.1954. AppVoved October 7, 1978.

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LEGISLATIVE HISTORY: HOUSE REPORT No. 95-1232 (Comm. on Ways and Means). CONGRESSIONAL RECORD, Vol. 124 (1978): June 28, considered and passed House. Aug. 2, 4, considered and passed Senate, amended. Sept. 19, House concurred in Senate amendments.

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