Source: https://www.law.cornell.edu/uscode/text/26/3321
Timestamp: 2020-08-11 01:58:22
Document Index: 46055461

Matched Legal Cases: ['§ 3321', '§\u202f3321', '§\u202f231', '§\u202f13301', '§\u202f1018', '§\u202f7106', '§\u202f7106', '§\u202f1018', '§\u202f7106', '§\u202f231', '§\u202f7106']

26 U.S. Code § 3321 - Imposition of tax | U.S. Code | US Law | LII / Legal Information Institute
Section 3321. Imposition of tax
26 U.S. Code § 3321. Imposition of tax
(c) Termination if loans to railroad unemployment fund repaidThe tax imposed by this section shall not apply to rail wages paid on or after the 1st day of any calendar month if, as of such 1st day, there is—
(Added Pub. L. 98–76, title II, § 231(a), Aug. 12, 1983, 97 Stat. 426; amended Pub. L. 99–272, title XIII, § 13301(a), Apr. 7, 1986, 100 Stat. 325; Pub. L. 100–647, title I, § 1018(u)(17), title VIII, § 7106(a), Nov. 10, 1988, 102 Stat. 3590, 3772.)
1988—Pub. L. 100–647, § 7106(a), amended section generally, revising and restating provisions of subsecs. (a) and (b) and specifying imposition of 4 percent tax on rail wages rather than a tax based on the “applicable percentage” of rail wages, and in subsec. (c) substituting provisions relating to termination if loans to railroad unemployment fund repaid for provisions relating to rates of tax.
Pub. L. 100–647, § 1018(u)(17), added a period at end of par. (4).
Pub. L. 100–647, title VII, § 7106(d), Nov. 10, 1988, 102 Stat. 3774, provided that:
“The amendments made by this section [amending this section and sections 3322, 6157, 6201, 6317, 6513, and 6601 of this title, omitting section 3323 of this title, and amending provisions set out as a note under section 231n of Title 45, Railroads], and the provisions of subsection (b) [set out below], shall apply to remuneration paid after December 31, 1988.”
Pub. L. 98–76, title II, § 231(d), Aug. 12, 1983, 97 Stat. 429, provided that:
“The amendments made by this section [enacting this chapter and amending sections 6157, 6201, 6317, 6513, and 6601 of this title] shall apply to remuneration paid after June 30, 1986.”
Pub. L. 100–647, title VII, § 7106(b), Nov. 10, 1988, 102 Stat. 3773, provided that:
4 percent, plus
the surtax rate (if any) for such calendar month, and
subsection (c) of such section shall not apply to so much of the tax imposed by such section as is attributable to the surtax rate.
3.5 percent for each month during a calendar year if, as of September 30, of the preceding calendar year, there was a balance of transfers (or unpaid interest thereon) made after September 30, 1985, to the railroad unemployment insurance account under section 10(d) of the Railroad Unemployment Insurance Act [45 U.S.C. 360(d)], and
zero for any other calendar month.”