Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section3321&num=0&edition=prelim
Timestamp: 2020-01-24 21:22:53
Document Index: 212453700

Matched Legal Cases: ['§ 3321', '§231', '§13301', '§1018', '§7106', '§7106', '§7106', '§231', '§7106']

[USC02] 26 USC 3321: Imposition of tax
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26 USC 3321: Imposition of tax Text contains those laws in effect on January 23, 2020
The 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.
1986-Subsec. (c). Pub. L. 99–272 amended subsec. (c) generally. Prior to amendment subsec. (c) read as follows:
"(c) Rate of Tax.-For purposes of this section-
"(1) For taxable period july 1 through december 31, 1986.-The applicable percentage for the taxable period beginning on July 1, 1986, and ending on December 31, 1986, shall be 2 percent.
"(2) Subsequent taxable periods.-The applicable percentage for any taxable period beginning after 1986 shall be the sum of-
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:
"(1) In general.-In the case of any calendar month beginning before January 1, 1991-
"(A) there shall be substituted for '4 percent' in subsections (a) and (b) of section 3321 of the 1986 Code the percentage equal to the sum of-
"(2) Surtax rate.-For purposes of paragraph (1), the surtax rate shall be-