Sec. 6. Payroll tax on remuneration up to contribution and benefit base and more than $250,000
133 words·~1 min read·
/bill/116/s/478/is/section-6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Paragraph
(1)of section 3121(a) of the Internal Revenue Code of 1986 is amended by inserting after such calendar year. the following: The preceding sentence shall apply only to calendar years for which the contribution and benefit base (as so determined) is less than $250,000, and, for such calendar years, only to so much of the remuneration paid to such employee by such employer with respect to employment as does not exceed $250,000. . Paragraph
(1)of section 3121 of the Internal Revenue Code of 1986 is amended by striking Act) to and inserting Act), or in excess of $250,000, to . The amendments made by this section shall apply to remuneration paid on or after January 1 of the first calendar year that begins after the date of enactment of this Act.