A bill to amend the Internal Revenue Code of 1954 to delay for an additional 2 years the application of the provisions which increase the Federal unemployment tax in States which have outstanding advances to their unemployment funds.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code and the Federal Unemployment Tax Act to delay from January 1, 1980, to January 1, 1982, the date for application of the provision which reduces the total credits allowed a payer of the Federal unemployment compensation tax for contributions to the unemployment fund of a State which has not repaid Federal loans under title XII (Advances to State Unemployment Funds) of the Social Security Act.…