EXCLUSION OF EARNED INCOME OF CERTAIN UNITED STATES CITIZENS WHO ARE RESIDENTS OF FOREIGN COUNTRIES.

SEC. 237. EXCLUSION OF EARNED INCOME OF CERTAIN UNITED STATES CITIZENS WHO ARE RESIDENTS OF FOREIGN COUNTRIES. (a) Reduction of Limitation.—Subparagraph (B) of section 911(c) (1) (relating to limitations on amount of exclusion) is amended by striking out “$35,000” and inserting in lieu thereof “$25,000”. (b) Effective Date.—The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 1964.