An Act relating to the effective date of the 1966 change in the definition of earned income for purposes of pension plans of self-employed individuals
PL 90-607 (H.R.18253), enacted 10/21/1968

82 STAT. ] 
PUBLIC LAW 90-607-OCT. 21, 1968 
1189 
suitable for exchange or other disposal. The vaUies of the properties 
so exchanged either shall be approximately equal, or if they are not 
approximately equal the values shall be equalized by the payment of 
cash to the grantor or to the Secretary as the circumstances require. 
SEC. 3. Notwithstanding any other provision of this Act, lands and 
interests in land owned by the State of Florida or Dade County may 
be acquired solely by donation, and the Secretary shall not declare the 
Biscayne National Monument established until the State has trans-
ferred or agreed to transfer to the United States its right, title and 
interest in and to its lands within the boundaries of said national 
monument. The Secretary shall not acquire any other lands or interests 
in land pursuant to this Act except by donation or with donated funds 
until the State has made or obligated itself to make the aforesaid 
transfer: Provided^ That nothing contained in this sentence shall pre-
clude the Secretary from acquiring options for the purchase of lands 
and interests in land, other than lands and interests in land held by the 
State of Florida or Dade County, which are to be acquired pursuant 
to this Act and, upon the State's transferring or obligating itself to 
transfer as aforesaid, he shall proceed as expeditiously as possible to 
acquire the other lands and interests in land which are necessary to 
carry out the purposes of this Act. 
SEC. 4. The Secretary of the Interior shall preserve and administer 
the Biscayne National Monument in accordance with the provisions of 
the Act of August 25,1916 (39 Stat. 535; 16 U.S.C. 1^), as amended 
and supplemented. The waters within the Biscayne National Monu-
ment shall continue to be open to fishing in conformity with the laws 
of the State of Florida except as tlie Secretary, after consultation 
with appropriate officials of said State, designates species for which, 
areas and tnnes witliin Avliich, and methods by which fishing is pro-
hibited, limited or otlierwise regulated in the interest of sound conser-
vation or in order to achieve the purposes for which the national 
monument is established. 
SEC. O. There are authorized to be appropriated such sums as may 
be necessary to carry out the provisions of this Act, but not to exceed 
$24,575,()0() for land acquisition and $2,900,000 for development. 
Approved October 18, 1968. 
Administration. 
Fishing. 
Appropri at ion. 
Public Law 90-607 
AN ACT 
Relating to the effective date of the 1966 change in the definition of earned in-
come for purposes of pension plans of self-employed individuals. 
October 21, 19 68 
[H. R. 18253] 
Be it enacted hy the Senate and House of Rej^resentaUves of the 
United States of America in Congress assemhled, That section 204(d) 
g^iTem lo ed 
of Public Law 89-809 (80 Stat. 1578) is amended by adding at the end indlvidi^^s"^pension 
thereof the following new sentence: "The amendment made by sub- pi^n^. 
section (c) shall a p ^ y with respect to taxable years beginning after 
December 31, 1967, and in the case of a taxpayer who applies the 
averaging provisions of section 401(e)(3) of the Internal Revenue 
Code of 1954 for a taxable year beginning after December 31, 1967, 
the computation of the amount deductible under section 404 of such 
Code for any prior taxable year which began before January 1, 1968, 
shall be made, for purposes of such averaging provisions, as if the 
amendment made by subsection (c) were applicable to such prior 
taxable year." 
Approved October 21, 1968. 
26 u s e 401 note. 
76 Stat. 815. 
68A Stat. 138.