Page:United States Statutes at Large Volume 96 Part 1.djvu/453

 PUBLIC LAW 97-248—SEPT. 3, 1982

96 STAT. 411

(B) the extent to which the program has protected and preserved the jobs of workers, with special emphasis on newly hired employees, minorities, and women; (C) the extent to which layoffs occur in the unit subsequent to initiation of the program and the impact of the program upon the entitlement to unemployment compensation of the employees; (D) where feasible, the effect of varying methods of administration; (E) the effect of short-time compensation on employers' State unemployment tax rates, including both users and nonusers of short-time compensation, on a State-by-State basis; (F) the effect of various State laws and practices under those laws on the retirement and health benefits of employees who are on short-time compensation programs; (G) a comparison of costs and benefits to employees, employers, and communities from use of short-time compensation and layoffs; (H) the cost of administration of the short-time compensation program; and (I) such other factors as may be appropriate. (2) Not later than October 1, 1985, the Secretary shall submit to Report to the Congress and to the President a final report on the implementa- congre^*^ tion of this section. Such report shall contain an evaluation of short-time compensation programs and shall contain such recommendations as the Secretary deems advisable, including recommendations as to necessary changes in the statistical practices of the Department of Labor.

TITLE II—REVENUE MEASURES Subtitle A—Provisions Relating to Individuals SEC. 201. ALTERNATIVE MINIMUM TAX ON TAXPAYERS OTHER THAN CORPORATIONS. (a) IN GENERAL.—Section 55 (relating to alternative minimum tax 26 USC 55. for taxpayers other than corporations) is amended to read as follows: "SEC. 55. ALTERNATIVE MINIMUM TAX FOR TAXPAYERS OTHER THAN CORPORATIONS. "(a) TAX IMPOSED.—In the case of a taxpayer other than a corporation, there is imposed (in addition to any other tax imposed by this subtitle) a tax equal to the excess (if any) of— "(1) an amount equal to 20 percent of so much of the alternative minimum taxable income as exceeds the exemption amount, over "(2) the regular tax for the taxable year. "(b) ALTERNATIVE MINIMUM TAXABLE INCOME.—For purposes of

this title, the term 'alternative minimum taxable income' means the adjusted gross income (determined without regard to the deduction allowed by section 172) of the taxpayer for the taxable year— "(1) reduced by the sum of— "(A) the alternative tax net operating loss deduction, plus "(B) the alternative tax itemized deductions, plus

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