Page:United States Statutes at Large Volume 96 Part 1.djvu/597

 PUBLIC LAW 97-248—SEPT. 3, 1982

96 STAT. 555

(B) Paragraph (1) of section 905(b) of such Act is amended 42 USC 1105. by amending the last sentence to read a s follows: " I n the case of any month after March 1983 and before April 1 of the first calendar year to which paragraph (2) of section 3301 of the Federal Unemployment Tax Act applies, the 26 USC 3301. first sentence of this paragraph shall be applied by substit u t i n g '40 percent' for 'one-tenth'." (C) Subsection (b) of section 6157 is amended by striking 26 USC 6157. out "0.7 p e r c e n t " and inserting in lieu thereof "0.8 percent". (c) INCREASE IN R A T E FOR 1985 AND THE R E A F T E R. —

(1) IN GENERAL.—Section 3301 (as amended by subsection (b)) is amended— (A) by striking o u t "3.5 p e r c e n t " and inserting in lieu thereof "6.2 percent", and (B) by striking o u t "3.2 p e r c e n t " and inserting in lieu thereof "6.0 percent". (2) INCREASE I N AMOUNT OF STATE CREDIT.—

(A) Subsection (b) of section 3302 (relating to additional 26 USC 3302. credit) is amended by striking^ out " 2. 7 % " and inserting in lieu thereof " 5. 4 % ". (B) Paragraph (1) of section 3302(d) (relating to r a t e of tax deemed to be 3 percent) is amended by striking out "3 percent" each place it a p p e a r s and inserting in lieu thereof "6 percent". (3) TECHNICAL AMENDMENTS. —

(A) Paragraph (2) of section 3302(c) is amended by striking out "10 percent" each place it a p p e a r s in subparagraph (A) and inserting in lieu thereof "5 percent". (B) Paragraph (3) of section 3302(c) is amended by striking out "15 p e r c e n t " and inserting in lieu thereof "IV2 percent". (C) Subsection (b) of section 6157 is amended by striking 26 USC 6157. out "0.5 p e r c e n t " each place it a p p e a r s and inserting in lieu thereof "0.6 percent". (D) Subparagraph (C) of section 901(c)(3) of the Social Security Act (as amended by subsection (b)) is amended— Ante, p. 554. (i) by striking out "0.5 p e r c e n t " and inserting in lieu thereof "0.6 percent"; (ii) by striking out "3.2 p e r c e n t " and inserting in lieu thereof "6.0 percent"; and (iii) by striking out "3.5 p e r c e n t " and inserting in lieu thereof "6.2 percent", (b) EFFECTIVE D A T E S. —

(1) SUBSECTIONS (a) AND (b).—The amendments m a d e by sub- 26 USC 3301 sections (a) and (b) shall apply to r e m u n e r a t i o n paid after ^°December 31, 1982. (2) SUBSECTION (C).—The amendments m a d e by subsection (c)

26 USC 3301

shall apply to r e m u n e r a t i o n paid after December 31, 1984. ^°^^(3) TRANSITIONAL RULE FOR CERTAIN EMPLOYEES.—

26 USC 3302

(A) IN GENERAL.—Notwithstanding section 3303 of the note. I n t e r n a l Revenue Code of 1954, in the case of taxable year s beginning after December 31, 1984, and before January 1, 1989, a tax p a y e r shall be allowed the additional credit under section 3302(b) of such Code with respect to any Supra. employee covered by a qualified specific industry provision

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