# Pub. L. 94-164: changes to the Internal Revenue Code

1975-12-23, 89 Stat. 973. Source: <https://www.govinfo.gov/link/plaw/94/public/164>.

## Legislative history

- Bill: [H.R. 9968](https://www.congress.gov/bill/94th-congress/house-bill/9968)

## § 11: Tax imposed

- § 11(b): Pub. L. 94–164 redesignated existing pars. (1) and (2) as pars. (1)(A) and (1)(B), and in par. (1)(A) as so redesignated substituted “after December 31, 1976” for “before January 1, 1975 or after December 31, 1975”, and in par. (1)(B) as so redesignated substituted “January 1, 1977” for “January 1, 1976”, and added par. (2).
- § 11(c): Pub. L. 94–164 designated existing provisions as par. (1), struck out special percentages for taxable years beginning before Jan. 1, 1964, and after Dec. 31, 1963 and before Jan. 1, 1965, and added par. (2).
- § 11(d): Pub. L. 94–164 designated existing provisions as par. (1), substituted “$50,000” for “$25,000”, inserted reference to section 1564 of this title, and added par. (2).

## § 15: Effect of changes

- § 15(f): Pub. L. 94–164 inserted reference to change made by section 3(c) of the Revenue Adjustment Act of 1975.

## § 32: Earned income

- § 32(a): Pub. L. 94–164 designated existing provisions as par. (1) and added par. (2).
- § 32(b): Pub. L. 94–164 designated existing provisions as par. (1) and added par. (2).

## § 103: Interest on State and local bonds


## § 883: Exclusions from gross income

- § 883(a)(3): Pub. L. 94–164 added par. (3).

## § 962: Election by individuals to be subject to tax at corporate rates

- § 962(c): Pub. L. 94–164 substituted “same ratio to the surtax exemption” for “same ratio to $25,000” in subsec. (c) as such subsec. (c) is in effect for taxable years ending after Dec. 31, 1975.

## § 1561: Limitation on accumulated earnings credit in the case of certain controlled corporations

- § 1561(a): Pub. L. 94–164 struck out “$25,000” in par. (1) as par. (1) is in effect for taxable years ending after Dec. 31, 1975.

## § 3402: Income tax collected at source

- § 3402(a): Pub. L. 94–164, § 5(a)(1), inserted provision that the tables prescribed with respect to wages paid after Dec. 31, 1975, and before July 1, 1976, shall be the same as the tables prescribed under this subsection which were in effect on Dec. 10, 1975.
- § 3402(m)(1): Pub. L. 94–164, § 2(b)(2), substituted “$2,800” and “$2,400” for “$2,600” and “$2,300” respectively in cl. (ii).

## § 6012: Persons required to make returns of income

- § 6012(a)(1)(A): Pub. L. 94–164 substituted “$2,450” for “$2,350” in cl. (i), “$2,850” for “$2,650” in cl. (ii), and “$3,600” for “$3,400” in cl. (iii).