Page:United States Statutes at Large Volume 94 Part 3.djvu/887

 PUBLIC LAW 96-605—DEC. 28, 1980

94 STAT. 3531

(1) IN GENERAL.—The amendment made by subsection (a) shall 26 USC 2055 apply in the case of decedents dying after December 31, 1969. "°^® (2) CHARITABLE LEAD TRUSTS AND CHARITABLE REMAINDER 26 USC 2055 TRUSTS IN THE CASE OF INCOME AND GIFT TAXES.—Section 514(b) ^°^^-

(and section 514(c) insofar as it relates to section 514(b)) of the Revenue Act of 1978 shall be applied as if the amendment made Ante, p. 219. by subsection (a) had been included in the amendment made by section 514(a) of such Act.

TITLE IV—MISCELLANEOUS AMENDMENTS SEC. 401. TREATMENT OF CERTAIN SOCIAL SECURITY TAX WAIVER EXEMPTIONS. (a) WAIVER CERTIFICATE.—

26 USC 3121

(1) IN GENERAL.—Notwithstanding any other provision of law, "°^®any waiver certificate filed by a qualified corporation (herinafter in this section referred to as the "corporation") under section 3121(k)(l) of the Internal Revenue Code of 1954 (relating to 26 USC 3121. waiver of exemption from social security taxes by certain organizations) shall be deemed not to be effective, for purposes of the taxes imposed by section 3101 of such Code, with respect to any 26 USC 3ioi. wages— (A) paid by the Corporation to any employee thereof after December 31, 1972, and before April 1, 1975, if the Corporation furnishes to the Secretary of the Treasury or his delegate evidence reasonably satisfactory to him that the Corporation as refunded, prior to February 1, 1977, to such employee (or to his survivors or estate) the full amount of the taxes imposed by section 3101 of such Code on such wages, or (B) paid after March 31, 1975, and prior to July 1, 1977, by the Corporation to an individual as an employee of the Corporation, if the Corporation furnishes to the Secretary of the Treasury or his delegate evidence reasonably satisfactory to him that (i) such individual was not an employee of the Corporation on June 30, 1978, and (ii) no amount of the taxes imposed by section 3101 of such Code on such wages were withheld by the Corporation from such wages. (2) APPLICATION OF PARAGRAPH (D.— (A) EVIDENCE TO BE SUBMITTED TO SECRETARY.—The provi-

sions of paragraph (1) shall not apply to wages described in subparagraph (A) or (B) of such paragraph unless, prior to the close of the one-year period which begins on the date of the enactment of this Act, the Corporation furnishes to the Secretary of the Treasury or his delegate the evidence referred to in either such subparagraph. (B) TAX NOT IMPOSED.—If the provisions of paragraph (1) apply with respect to any wages paid by the Corporation to an employee thereof, no taxes imposed on such wages by section 3101 of the Internal Revenue Code of 1954 shall be payable, and no interest or penalty with respect to the imposition of taxes by such section on such wages (or with respect to the imposition of taxes by such section or section 3111 of such Code on any wages paid by the Corporation 26 USC 3111. prior to January 1, 1978) shall be imposed or collected.

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