Source: https://www.federalregister.gov/documents/2001/05/08/01-11497/federal-travel-regulation-relocation-income-tax-rit-allowance-tax-tables
Timestamp: 2018-02-25 18:39:52
Document Index: 399044402

Matched Legal Cases: ['art 302', 'art 302', 'art 302', '§\u2009302', '§\u2009302', '§\u2009302', '§\u2009302', '§\u2009302']

This final rule is effective January 1, 2001, and applies for RIT allowance payments made on or after January 1, 2001.
23177-23180 (4 pages)
FTR Amendment 96
3090-AH40
Appendix A to Part 302-11—Federal Tax Tables for RIT Allowance
State Marginal Tax Rates by Earned Income Level—Tax Year 2000
Federal Marginal Tax Rates by Earned Income Level and Filing Statu—Tax Year 2001
Appendix D to Part 302-11_Puerto Rico Tax Tables for RIT Allowance
Puerto Rico Marginal Tax Rates by Earned Income Level_Tax Year 2000
https://www.federalregister.gov/d/01-11497 https://www.federalregister.gov/d/01-11497
The Federal, State, and Puerto Rico tax tables for calculating the relocation income tax (RIT) allowance must be updated yearly to reflect changes in Federal, State, and Puerto Start Printed Page 23178Rico income tax brackets and rates. The Federal, State, and Puerto Rico tax tables contained in this rule are for calculating the 2001 RIT allowance to be paid to relocating Federal employees.
This amendment provides the tax tables necessary to compute the relocation income tax (RIT) allowance for employees who are taxed in 2001 on moving expense reimbursements.
2. Appendixes A, B, C, and D to part 302-11 are amended by adding the following tables at the end of each appendix, respectively, to read as follows:
The following table is to be used to determine the Federal marginal tax rate for Year 1 for computation of the RIT allowance as prescribed in § 302-11.8(e)(1). This table is to be used for employees whose Year 1 occurred during calendar year 2000.
The following table is to be used to determine the State marginal tax rates for calculation of the RIT allowance as prescribed in § 302-11.8(e)(2). This table is to be used for employees who received covered taxable reimbursements during calendar year 2000.
Marginal Tax Rates (Stated in Percents) for the Earned Income Amounts Specified in Each Column.1, 2
Maryland 4.85 4.85 4.85 4.85
Michigan 4.4 4.4 4.4 4.4
Ohio 3.580 4.295 5.012 7.228
Rhode Island 4 26.5 26.5 26.5 26.5
Vermont 5 25 25 25 25
4 The income tax rate for Rhode Island is 26.5 percent of Federal income tax liability for all employees. Rates shown as a percent of Federal income tax liability must be converted to a percent of income as provided in § 302-11.8(e)(2)(iii).
5 The income tax rate for Vermont is 25 percent of Federal income tax liability for all employees. Rates shown as a percent of Federal income tax liability must be converted to a percent of income as provided in § 302-11.8(e)(2)(iii).
End Appendix Start Appendix Start Printed Page 23180
The following table is to be used to determine the Federal marginal tax rate for Year 2 for computation of the RIT allowance as prescribed in § 302-11.8(e)(1). This table is to be used for employees whose Year 1 occurred during calendar years 1991, 1992, 1993, 1994, 1995, 1996, 1997, 1998, 1999 or 2000.
15 $7,582 $35,363 $13,905 $51,016 $18,061 $65,011 $8,742 $32,028
28 $35,363 $77,472 $51,016 $116,612 $65,011 $133,818 $32,028 $65,470
31 $77,472 $154,524 $116,612 $180,660 $133,818 $193,566 $65,470 $99,363
36 $154,524 $317,548 $180,660 $324,522 $193,566 $323,455 $99,363 $169,100
39.6 $317,548 $324,522 $323,455 $169,100
29.5 $25,000 $50,000 $25,000 $50,000
33 $50,000 $50,000
[FR Doc. 01-11497 Filed 5-7-01; 8:45 am]