extension of federal unemployment tax act

extension of federal unemployment tax act Sec. 543. (a) Effective with respect to remuneration paid after December 31, 1960, for services performed after such date, section 3306(j) of the Internal Revenue Code of 1954 is amended to read as follows: “(j) State, United States, and Citizen.—For purposes of this chapter— “(1) State.—The term ‘State’ includes the District of Columbia and the Commonwealth of Puerto Rico. “(2) United States.—The term ‘United States’ when used in a geographical sense includes the States, the District of Columbia, and the Commonwealth of Puerto Rico. An individual who is a citizen of the Commonwealth of Puerto Rico (but not otherwise a citizen of the United States) shall be considered for purposes of this section, as a citizen of the United States.” (b) The unemployment compensation law of the Commonwealth of Puerto Rico shall be considered as meeting the requirements of— (1) Section 3304(a)(2) of the Federal Unemployment Tax Act, if such law provides that no compensation is payable with respect to any day of unemployment occurring before January 1, 1959. (2) Section 3304(a)(3) of the Federal Unemployment Tax Act and section 303(a)(4) of the Social Security Act, if such law contains the provisions required by those sections and if it requires that, on or before February 1, 1961, there be paid over to the Secretary of the Treasury, for credit to the Puerto Rico74 Stat. 987 account in the Unemployment Trust Fund, an amount equal to the excess of— (A) the aggregate of the moneys received in the Puerto Rico unemployment fund before January 1, 1961, over (B) the aggregate of the moneys paid from such fund before January 1, 1961, as unemployment compensation or as refunds of contributions erroneously paid. (c) Effective on and after January 1, 1961, sect ion 5(b) of the Act of June 6, 1933, as amended (29 U.S.C., sec. 49d(b)), is amended by striking out “Puerto Rico, Guam,” and inserting in lieu thereof “Guam”.