26 USC 3321 - Imposition of tax

U.S Code last checked for updates: Nov 22, 2024

§ 3321.

Imposition of tax

(a)

General rule

(b)

Tax on employee representatives

(1)

In general

(2)

Determination of wages

(c)

Termination if loans to railroad unemployment fund repaid

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—

(1)

no balance of transfers made before October 1, 1985, to the railroad unemployment insurance account under section 10(d) of the Railroad Unemployment Insurance Act, and

(2)

no unpaid interest on such transfers.

(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.)

cite as: 26 USC 3321