(a) The rates of tax with respect to wages paid in calendar years after 1954 are as follows:
|
| Percent
|
|---|
| In the calendar years 1955 to 1960, both inclusive | 3
|
| In the calendar year 1961 | 3.1
|
| In the calendar year 1962 | 3.5
|
| In the calendar year 1963 | 3.35
|
| In the calendar year 1964 and subsequent calendar years | 3.1 |
(b) The tax is computed by applying to the wages paid in a calendar year, with respect to employment after December 31, 1938, the rate in effect at the time the wages are paid.
[T.D. 6658, 28 FR 6632, June 27, 1963]
source: T.D. 6516, 25 FR 13032, Dec. 20, 1960; 25 FR 14021, Dec. 31, 1960, unless otherwise noted.
cite as: 26 CFR 31.3301-3