Pub. L. 93-66, tit. II, pt. A, sec. 203

Sec. 203. (a) (1) Section 209 (a) (8) of the Social Security Act is amended by striking out “$12,000” and inserting in lieu thereof “$12,600”. J (2) Section 211(b) (1)(H) of such Act is amended by striking out “$12,000” and inserting in lieu thereof “$12,600”. (3) Sections 213(a) (2) (ii) and 213(a) (2) (iii) of such Act are each amended by striking out “$12,000” and inserting in lieu thereof “$12,600”. (4) Section 215(e)(1) of such Act is amended by striking out “$12,000” and inserting in lieu thereof “$12,600”. (b) (1) Section 1402(h)(1)(H) of the Internal Revenue Code of 1954 (relating to definition of self-employment income) is amended by striking out “$12,000” and inserting in lieu thereof “$12,600”. (2) Effective with respect to remuneration paid after 1973, section 3121(a)(1) of such Code is amended by striking out the dollar amount each place it appears therein and inserting in lieu thereof “$12,600”. (3) Effective with respect to remuneration paid after 1973, the second sentence of section 3122 of such Code is amended by striking out the dollar amount and inserting in lieu thereof “$12,600”. (4) Effective with respect to remuneration paid after 1973, section 3125 of such Code is amended by striking out the dollar’ amount each place it appears in subsections (a), (b), and (c) and inserting in lieu thereof “$12,600”. (5) Section 6413 (c)(1) of such Code (relating to special refunds of employment taxes) is amended by striking out “$12,000” each place it appears and inserting in lieu thereof “$12,600”. (6) Section 6413(c)(2)(A) of such Code (relating to refunds of employment taxes in the case of Federal employees) is amended by striking out “$12,000” and inserting in lieu thereof “$12,600”, (7) Effective with respect to taxable years beginning after 1973, section 6654(d) (2) (B) (ii) of such Code (relating to failure by individual to pay estimated income tax) is amended by striking out the dollar amount and inserting in lieu thereof “$12,600”. (c) Section 230(c) of the Social Security Act is amended by striking out “$12,000” and inserting in lieu thereof “$12,600”. (d) Paragraphs (2)(C), (3)(C), (4)(C),and (7)(C) of section 203(b) of Public Law 92–336 are each amended by striking out “$12,000” and inserting in lieu thereof “$12,600”. (e) The amendments made by this section, except subsection (a) (4), shall apply only with respect to remuneration paid after, and taxable years beginning after, 1973. The amendments made by subsection (a)(4) shall apply with respect to calendar years after 1973. (f) Effective June 1, 1974, the Secretary of Health, Education, and Welfare, shall prescribe and publish in the Federal Register such 87 Stat. 154 modifications and extensions in the table contained in section 215(a) of the Social Security Act (which shall be determined in the same manner as the revisions in such table provided for under section 215 (i)(2)(D) of such Act ) as may be necessary to reflect the amendments made by this section; and such modified and extended table shall be deemed to be the table appearing in such section 215(a).