TAXABLE STATUS OF PENSION BENEFIT GUARANTY CORPORATION.

SEC. 1510. TAXABLE STATUS OF PENSION BENEFIT GUARANTY CORPORATION. (a) In General.— Section 4002(g)(1) of the Employee. Retirement Income Security Act of 1974 (29 U.S.C. 1302(f)(1)) is amended by inserting “by the United States (other than taxes imposed under chapter 21 of the Internal Revenue Code of 1954, relating to Federal Insurance Contributions Act, and chapter 23 of such Code, relating to Federal Unemployment Tax Act), or” immediately after “imposed”. (b) Effective Date.— The amendment made by subsection (a) shall take effect on September 2, 1974.