EXTENSION OF INDIVIDUAL INCOME TAX REDUCTIONS.

SEC. 103. EXTENSION OF INDIVIDUAL INCOME TAX REDUCTIONS. (a) General Tax Credit.—Section 3(b) of the Revenue Adjustment Act of 1975, as amended by section 401(a) of the Tax Reform Act of 1976, is amended by striking out “December 31, 1977” and inserting in lieu thereof “December 31, 1978”. (b) Earned Income Credit.—Section 209(b) of the Tax Reduction Act of 1975, as amended by section 401(c) of the Tax Reform Act of 1976, is amended by striking out “January 1, 1978” and inserting in lieu thereof “January 1, 1979”. (c) Technical Amendment.—Subsection (e) of section 401 of the Tax Reform Act of 1976 is amended by striking out the first sentence and inserting in lieu thereof the following new sentences: “The amendments made by subsection (a) shall apply to taxable years ending after December 31, 1975, and shall cease to apply to taxable years ending after December 31, 1978. The amendments made by subsection (c) shall apply to taxable years ending after December 31, 1975, and shall cease to apply to taxable years beginning after December 31, 1978.”