26 U.S.C. § 3321 : US Code - Section 3321: Imposition of tax

Search 26 U.S.C. § 3321 : US Code - Section 3321: Imposition of tax

(a) General rule
There is hereby imposed on every rail employer for each calendar
month an excise tax, with respect to having individuals in his
employ, equal to 4 percent of the total rail wages paid by him
during such month.
(b) Tax on employee representatives
(1) In general
There is hereby imposed on the income of each employee
representative a tax equal to 4 percent of the rail wages paid to
him during the calendar month.
(2) Determination of wages
The rail wages of an employee representative for purposes of
paragraph (1) shall be determined in the same manner and with the
same effect as if the employee organization by which such
employee representative is employed were a rail employer.
(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.