Page:United States Statutes at Large Volume 97.djvu/1010

 97 STAT. 978 PUBLIC LAW 98-151—NOV. 14, 1983 Effective date. "Consumer Price Index." 5 USC 5724b. "Moving or storage expenses." Ante, p. 977. 5 USC 5724. 5 USC 5724a, 5726. 5 USC 5724c. additional 60 days if the head of the agency concerned or his designee determines that there are compelling reasons for the continued occupancy of temporary quarters.". (6) Section 5724a(a)(4) of title 5, United States Code, is amended— (A) by inserting "(A)" after "(4)"; and (B) by adding at the end thereof the following new subpara- graph: "(B)(i) In connection with the sale of the residence at the old official station, reimbursement under this paragraph shall not exceed 10 percent of the sale price or $15,000, whichever is the lesser amount. "(ii) In connection with the purchase of a residence at the new official station, reimbursement under this paragraph shall not exceed 5 percent of the purchase price or $7,500, whichever is the lesser amount. "(iii) Effective October 1 of each year, the respective maxi- mum dollar amounts applicable under clauses (i) and (ii) shall be increased by the percent change, if any, in the Consumer Price Index published for December of the preceding year over that published for December of the second preceding year, adjusted to the nearest one-tenth of 1 percent. For the purpose of this clause, 'Consumer Price Index' means the Consumer Price Index for All Urban Consumers, United States City Aver- age, Housing Component (1967 = 100), prepared by the Bureau of Labor Statistics, Department of Labor.". (7)(A)(i) Subchapter II of chapter 57 of title 5, United States Code, is amended by adding after section 5724a the following new sections: "§ 5724b. Taxes on reimbursements for travel, transportation, and relocation expenses of employees transferred "(a) Under such regulations as the President may prescribe and to the extent considered necessary and appropriate, as provided there- in, appropriations or other funds available to an agency for adminis- trative expenses are available for the reimbursement of all or part of the Federal, State, and city income taxes incurred by an employee, or by an employee and such employee's spouse (if filing jointly), for any moving or storage expenses furnished in kind, or for which reimbursement or an allowance is provided (but only to the extent of the expenses paid or incurred). Reimbursements under this subsec- tion shall also include an amount equal to all income taxes for which the employee, or the employee and spouse, as the case may be, would be liable due to the reimbursement for the taxes referred to in the first sentence of this subsection. "(b) For the purpose of this section, 'moving or storage expenses' means travel and transportation expenses (including storage of household goods and personal effects under section 5724 of this title) and other relocation expenses under sections 5724a and 5726(c) of this title. "§ 5724c. Relocation services "Each agency is authorized to enter into contracts to provide relocation services to agencies and employees for the purpose of carrying out the provisions of this subchapter. Such services include but need not be limited to arranging for the purchase of a trans- ferred employee's residence.".

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