A bill to amend title II of the Social Security Act to make necessary adjustments in the allocation of social security tax receipts between the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund.
PL 96-403 (H.R.7670), enacted 10/09/1980

PUBLIC LAW 96-403—OCT. 9, 1980 
94 STAT. 1709 
Public Law 96-403 
96th Congress 
An Act 
To amend title II of the Social Security Act to make necessary adjustments in the 
allocation of social security tax receipts between the Federal Old-Age and Survi-
vors Insurance Trust Fund and the Federal Disability Insurance Trust Fund. 
Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled. That (a) section 
201(b)(1) of the Social Security Act is amended by striking out clauses 
(H) through (K) and inserting in lieu thereof the following: "(H) 1.50 
per centum of the wages (as so defined) paid after December 31,1978, 
and before January 1,1980, and so reported, (I) 1.12 per centum of the 
wages (as so defined) paid after December 31, 1979, and before 
January 1,1981, and so reported, (J) 1.30 per centum of the wages (as 
so defined) paid after December 31,1980, and before January 1,1982, 
and so reported, (K) 1.65 per centum of the wages (as so defined) paid 
after December 31,1981, and before January 1,1985, and so reported, 
(L) 1.90 per centum of the wages (as so defined) paid after December 
31,1984, and before January 1,1990, and so reported, and (M) 2.20 per 
centum of the wages (as so defined) paid after December 31,1989, and 
so reported,". 
(b) Section 201(bX2) of such Act is amended by striking out clauses 
(H) through (K) and inserting in lieu thereof the following: "(H) 
1.0400 per centum of the amount of self-emplo3niient income (as so 
defined) so reported for any taxable year beginning after December 
31, 1978, and before January 1, 1980, (I) 0.7775 per centum of the 
amount of self-emplo5niient income (as so defined) so reported for any 
taxable year beginning after December 31,1979, and before January 
1, 1981, (J) 0.9750 per centum of the amount of self-employment 
income (as so defined) so reported for any taxable year beginning 
after December 31, 1980, and before January 1, 1982, (K) 1.2375 per 
centum of the amount of self-employment income (as so defined) so 
reported for any taxable year beginning after December 31,1981, and 
before January 1, 1985, (L) 1.4250 per .centum of the amount of self-
employment income (as so defined) so reported for any taxable year 
beginning after December 31, 1984, and before January 1,1990, and 
(M) 1.6500 per centum of the amount of self-emplo5anent income (as 
so defined) so reported for any taxable year beginning after December 
31,1989,". 
Oct. 9, 1980 
[H.R. 7670] 
Social security 
tax receipts, 
allocation 
adjustments. 
42 u s e 401. 
94 STAT. 1710 
PUBLIC LAW 96-403—OCT. 9, 1980 
42 use 401 note. 
Q^Q 2. The amendments made by the first section of this Act shall 
apply with respect to remuneration paid, and taxable years begin-
ning, after December 31,1979. 
Approved October 9, 1980. 
LEGISLATIVE HISTORY: 
HOUSE REPORT No. 96-1148 (Comm. on Ways and Means). 
SENATE REPORT No. 96-946 (Comm. on Finance). 
CONGRESSIONAL RECORD, Vol. 126 (1980): 
July 21, considered and passed House. 
Sept. 25, considered and passed Senate.