Page:United States Statutes at Large Volume 97.djvu/179

 PUBLIC LAW 98-21 —APR. 20, 1983 97 STAT. 147 annual wage in covered employment for the Calendar year in which the determination is to be made". (c) Section 3302(c)(2)(B) of such Code is amended by inserting after "(if any)" the following: ", multiplied by a fraction, the numerator of which is the State's average annual wage in covered employment for the calendar year in which the determination is made and the determination of which is the we base under this chapter,". (d) The amendments made by this section shall be effective for taxable year 1983 and taxable years thereafter. DATE FOR PAYMENT OF INTEREST 26 USC 3302. Effective date. 26 USC 3302 note. SEC. 514. Section 1202(b)(3)(A) of the Social Security Act is 42 USC 1322. amended by striking out "not later than" and inserting in lieu thereof "prior to". PENALTY FOR FAILURE TO PAY INTEREST SEC. 515. (a) Section 303(c) of the Social Security Act is amended 42 USC 503. by striking out "or" at the end of paragraph (1), striking out the period at the end of paragraph (2) and inserting "; or", and adding at the end thereof the following new paragraph: "(3) that any interest required to be paid on advances under title XII of this Act has not been paid by the date on which such interest is required to be paid or has been paid directly or indirectly (by an equivalent reduction in State unemployment taxes or otherwise) by such State from amounts in such State's unemployment fund, until such interest is properly paid.", (b) Section 3304(a) of the Internal Revenue Code of 1954 (relating 26 USC 3304. to certification of State unemployment compensation laws) is amended by redesignating paragraph (17) as paragraph (18) and by inserting after paragraph (16) the following new paragraph: "(17) any interest required to be paid on advances under title XII of the Social Security Act shall be paid in a timely manner 42 USC i32i. and shall not be paid, directly or indirectly (by an equivalent reduction in State unemployment taxes or otherwise) by such State from amounts in such State's unemployment fund; and". PART C—MISCELLANEOUS PROVISIONS TREATMENT OF EMPLOYEES PROVIDING SERVICES TO EDUCATIONAL INSTITUTIONS SEC. 521. (a)(1) Section 3304(a)(6)(A) of the Internal Revenue Code of 1954 is amended by adding at the end thereof the following new clause: "(v) with respect to services to which section 3309(a)(1) applies, if such services are provided to or on behalf of an educational institution, compensation may be denied under the same circumstances as described in clauses (i) through (iv), and". (2) Clauses (iiXI), (iii), and (iv) of such section are each amended by striking out "may be denied" and inserting in lieu thereof "shall be denied'. (b)(l) Except as provided in paragraph (2), the amendments made by this section shall apply in the case of compensation paid for weeks beginning on or after April 1, 1984. 26 USC 3304. Effective date. 26 USC 8304 note.

�