A bill to extend the period in which application may be made for exemption, on account of religious tenets or teachings, from the Federal self-employment tax.

Amends the Internal Revenue Code of 1954 to extend until December 31, 1977, the period during which a member of a recognized religious sect or division thereof may apply for exemption from the tax on self-employment income if such member is opposed, because of his religious beliefs, to acceptance of the benefits of any insurance which makes payments in the event of death, disability, old-age, or retirement, or which makes payments for medical care.