Pub. L. 87-863 Oct. 23, 1962

76 Stat. 1141 · Changed 5 sections of the Code

Bill H.R. 10620

§ 213 Medical, dental, etc., expenses

  • (c) Pub. L. 87–863, § 1(a), substituted “$5,000” for “$2,500”, “$10,000” for “$5,000”, and “$20,000” for “$10,000”.
  • § 213 Pub. L. 87–863, § 1(b), substituted “$20,000” for “$15,000” in three places, and “$40,000” for “$30,000”.

§ 401 Qualified pension, profit-sharing, and stock bonus plans

  • (h) Pub. L. 87–863 added subsec. (h). Former subsec. (h) redesignated (i).
  • (i) Pub. L. 87–863 redesignated former subsec. (h) as (i).

§ 404 Deduction for contributions of an employer to an employees’ trust or annuity plan and compensation under a deferred-payment plan

  • (a)(2) Pub. L. 87–863 inserted “, or retirement annuities and medical benefits as described in section 401(h),” after…

§ 1341 Computation of tax where taxpayer restores substantial amount held under claim of right

§ 7608 Authority of internal revenue enforcement officers

  • § 7608 Pub. L. 87–863 redesignated existing provisions as subsec. (a), added subsec. (a) heading, and added subsec. (b).