Page:United States Statutes at Large Volume 92 Part 3.djvu/465

 PUBLIC LAW 95-615—NOV. 8, 1978

92 STAT. 3097

Public Law 95-615 95th Congress An Act To change the tax treatment of income earned abroad by United States citizens and residents, and for other purposes.

Nov. 8, 1978 [H.R. 9251]

Be it enacted by the Seriate and House of Representatives of the Tax Treatment United States of America in Congress assembled, SECTION 1. SHORT TITLE.

This Act may be cited as the "Tax Treatment Extension Act of 1977". SEC. 2. COMMUTING EXPENSES.

Extension Act of 1977. 26 USC 1 note.

26 USC 62 note.

With respect to transportation costs paid or incurred after December 31, 1976, and before April 30, 1978, the application of sections 62,162, and 262 and of chapters 21,23, and 24 of the Internal Revenue Code of 1954 to transportation expenses in traveling between a tax- 26 USC 62, 162, 262, 3101, 3303, payer's residence and place of work shall be determined— (1) without regard to Revenue Ruling 76-453 (and without 3401. regard to any other regulation, ruling, or decision reaching the same result as, or a result similar to, the result set forth in such Revenue Ruling); and (2) with full regard to the rules in effect before Revenue Ruling 7e^53. SEC. 3. FRINGE BENEFITS.

26 USC 61 note.

No regulations shall be issued in final form on or after October 1, 1977, and before July 1, 1978, providing for the inclusion of any fringe benefit in gross income by reason of section 61 of the Internal Revenue Code of 1954. 26 USC 61. SEC. 4. CHANGES IN TREATMENT OF INCOME EARNED ABROAD. (a) IN GENERAL.—Subsection (d) of section 1011 of the Tax Reform Act of 1976 is amended by striking out "December 31, 1976" and insert- 26 USC 911 note, ing in lieu thereof "December 31, 1977". (b) TRANSITIONAL RULE.—If for any taxable year beginning in 1977— (1) an individual is entitled to the benefits of section 911 of the Internal Revenue Code of 1954, and 26 USC 911., (2) such individual chooses to take to any extent the benefits of section 901 of such Code. 26 USC 901. then such individual shall be treated for such taxable year as an indi* vidual for whom an unused zero bracket amount computation is provided by section 63(e) of such Code. 26 USC 63. SEC. 5 SALARY REDUCTION PENSION PLANS, CASH AND DEFERRED . PROFIT-SHARING PLANS, AND CAFETERIA PLANS. Section 2006 of the Employee Retirement Income Security Act of 1974 is amended— 26 USC 401 note. (1) by striking out "January 1, 1978" each place it appears and inserting in lieu thereof "January 1, 1980", and (2) by striking out "December 31, 1977" in subsection (d) and inserting in lieu thereof "December 31, 1979".

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