GROSS INCOME OF DEPENDENT OF TAXPAYER.

SEC. 310. GROSS INCOME OF DEPENDENT OF TAXPAYER. (a) Increase in Amount of Gross Income Permitted.—Section 25 (b) (1) (D) (relating to exemptions for dependents of taxpayer) is hereby amended by striking out “$500” and inserting in lieu thereof “$600”. (b) Effective Date.—The amendment made by subsection (a) shall be applicable only with respect to taxable years beginning after December 31, 1950.