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TITLE 26-INTERNAL REVENUE CODE spect to any products delivered after the distributee ceases to be a member of the organization or after the bylaws of the or- ganization cease to contain the provision described in paragraph (2)(B)(i). (1) Nonqualified per-unit retain certificate For purposes of this subchapter, the term "nonqualified per-unit retain certificate" means a per-unit retain certificate which is not de- scribed in subsection (h). (Added Pub. L. 87-834, § 17(a), Oct. 16, 1962, 76 Stat. 1049, and amended Pub. L. 89-809, title II, § 211(c), Nov. 13, 1966, 80 Stat. 1582; Pub. L. 91- 172, title IX, § 911(b), Dec. 30, 1969, 83 Stat. 722; Pub. L. 94-455, title XIX, § 1901(a)(153), Oct. 4, 1976, 90 Stat. 1789.) REFERENCES IN TEXT The Federal income tax laws, referred to in subsec. (c)(4), are classified generally to this title. AMENDMENTS 1976-Subsec. (c)(2)(B)(i). Pub. L. 94-455, § 1901 (a)(153)(A), substituted "October 16, 1962" for "the date of the enactment of the Revenue Act of 1962". Subsec. (h)(2)(B)(i). Pub. L. 94-455, § 1901(a)(153)(B), substituted "November 13, 1966" for "the date of the enactment ol this subsection". 1969-Subsec. (f). Pub. L. 91-172 struck out refer- ence to allocations made by organizations other than by payment of money or other property except per- unit retain certificates. 1966-Subsec. (e). Pub. L. 89-809, § 211(c)(1), Inserted references to per-unit retain certificates. Subsecs. (f) to (i). Pub. L. 89-809, § 211(c)(2), added subsecs. (f) to (I). EFFECTIVE DATE OF 1969 AMENDMENT Amendment by Pub. L. 91-172 applicable to per-unit retain allocations made after Oct. 9. 1969, see section 911(c) of Pub. L. 91-172, set out as an Effective Date of 1969 Amendment note under section 1382 of this title. EFFECTIVE DATE OF 1966 AMENDMENT Amendment by section 211 of Pub. L. 89-809 applica- ble to per-unit retain allocations made during taxable years of an organization described in section 1381(a) of this title (relating to organizations to which part I of subchapter T of chapter 1 applies) beginning after Apr. 30, 1966, with respect to products delivered during such years, see section 211(e)(1) of Pub. L. 89- 809, set out as an Effective Date of 1966 Amendment note under section 1382 of this title. EFFE TIVE DATE Except as otherwise provided, section applicable to taxable years of organizations described in section 1381(a) of this title beginning after Dec. 31, 1962, see section 17(c) of Pub. L. 87-834, set out as an Effective Date note under section 1381 of this title. PER-UNIT RETAIN CERTIFICATES COVERED BY WRITTEN AGREEMENTS BETWEEN OCT. 14, 1965, AND NOV. 13, 1966: TRANSITION TREATMENT OF BY-LAW PROVISIONS Section 211(f) of Pub. L. 89-809 provided that a writ- ten agreement between a patron and a cooperative as- sociation which met certain qualifications and was en- tered into after Oct. 14, 1965 and before Nov. 13, 1966, and which was in effect on Nov. 13, 1966, was to be treated for purposes of subsec. (h) of this section as if entered into after Nov. 13, 1966. SECTION REFERRED TO IN OTHER SECTIONS This section is referred to in sections 1382, 6044; 6072 of this title. CHAPTER 2-TAX ON SELF-EMPLOYMENT INCOME Sec. 1401. Rate of tax. 1402. Definitions. 1403. Miscellaneous provisions. CHAPTER REFERRED TO IN OTHER SECTIONS This chapter is referred to in sections 401, 1016, 6015. 6017, 6103, 6414, 6511, 6521, 6654, 7651, 7655, 7701 of this title; title 42 sections 401, 405, 408; title 48 sections 1421h, 1421i. § 1401. Rate of tax (a) Old-age, survivors, and disability insurance In addition to other taxes, there sha3l be im- posed for each taxable year, on the self-employ- ment income of every individual, a tax equal to 7.0 percent of the amount of the self-employ- ment income for such taxable year. (b) Hospital insurance In addition to the tax imposed by the preced- ing subsection, there shall be imposed for each taxable year, on the self-employment income of every individual, a tax as follows: (1) in the case of any taxable year begin- ning after December 31, 1973, and before Jan- uary 1, 1978, the tax shall be equal to 0.90 percent of the amount of the self-employ- ment income for such taxable year; (2) in the case of any taxable year begin- ning after December 31, 1977, and before Jan- uary 1, 1981, the tax shall be equal to 1.10 percent of the amount of the self-employ- ment income for such taxable year; (3) in the case of any taxable year begin- ning after December 31, 1980, and before Jan- uary 1, 1986, the tax shall be equal to 1.35 percent of the amount of the self-employ- ment income for such taxable year; and (4) in the case of any taxable year begin- ning after December 31, 1985, the tax shall be equal to 1.50 percent of the self-employment income for such taxable year. (Aug. 16, 1954, ch. 736, 68A Stat. 353; Sept. 1, 1954, ch. 1206, title II, § 208(a), 68 Stat. 1093; Aug. 1, 1956, ch. 836, title II, § 202(a), 70 Stat. 845; Aug. 28, 1958, Pub. L. 85-840, title IV, § 401(a), 72 Stat. 1041; June 30, 1961, Pub. L. 87- 64, title II, § 201(a), 75 Stat. 140; July 30, 1965, Pub. L. 89-97, title I, § 111(c)(4), title III, § 321(a), 79 Stat. 342, 394; Jan. 2, 1968, Pub. L. 90-248, title I, § 109(a)(1), (b)(1), 81 Stat. 835, 836; July 1, 1972, Pub. L. 92-336, title II, § 204 (a)(1), (b)(1), 86 Stat. 420, 421; Oct. 30, 1972, Pub. L. 92-603, title I, § 135(a)(1), (b)(1), 86 Stat. 1362, 1363; Dec. 31, 1973, Pub. L. 93-233, § 6(b)(1), 87 Stat. 955; Oct. 4, 1976, Pub. L. 94- 455, title XIX, § 1901(a)(154), 90 Stat. 1789.) AMENDMENTS 1976-Subsec. (a). Pub. L. 94-455, § 1901(a)(154)(A), among other changes, substituted provisions relating to a uniform tax rate of 7 percent on self-employment income of every individual for provisions relating to varied tax rate of 5.8 percent of the amount of self- employment income for any taxable year beginning after Dec. 31, 1967, and before Jan. 1, 1969, 6.3 percent for any taxable year beginning after Dec. 31, 1968, and before Jan. 1, 1971, 6.9 percent for any taxable year beginning after Dec. 31, 1970, and before Jan. 1, 1973, and 7.0 percent for any taxable year beginning after Dec. 31, 1972. Page 746 § 1401