EXCLUSION FROM INCOME FOR CERTAIN INFREQUENT OR IRREGULAR INCOME AND CERTAIN INTEREST OR DIVIDEND INCOME.

SEC. 430. EXCLUSION FROM INCOME FOR CERTAIN INFREQUENT OR IRREGULAR INCOME AND CERTAIN INTEREST OR DIVIDEND INCOME.(a) Infrequent or Irregular Income.—Section 1612(b)(3) of the Social Security Act (42 U.S.C. 1382a(b)(3)) is amended to read as follows—“(3) in any calendar quarter, the first—“(A) $60 of unearned income, and“(B) $30 of earned income,of such individual (and such spouse, if any) which, as determined in accordance with criteria prescribed by the Commissioner of Social Security, is received too infrequently or irregularly to be included;”. (b) Interest or Dividend Income.—Section 1612(b) of the Social Security Act (42 U.S.C. 1382a(b)) is amended—(1) in paragraph (21), by striking “and” at the end;(2) in paragraph (22), by striking the period and inserting “; and”; and(3) by adding at the end the following:“(23) interest or dividend income from resources—“(A) not excluded under section 1613(a), or“(B) excluded pursuant to Federal law other than section 1613(a).”.(c) Effective Date.—The amendments made by this section shall be effective with respect to benefits payable for months in calendar quarters that begin more than 90 days after the date of the enactment of this Act.118 STAT. 539