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Code · REGISTER · 2000-03-17 · RAILROAD RETIREMENT BOARD · Notices

Notices. RAILROAD RETIREMENT BOARD

207 words·~1 min read·/register/2000/03/17/00-6595

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BILLING CODE 6325-01-P RAILROAD RETIREMENT BOARD Determination of Quarterly Rate of Excise Tax for Railroad Retirement Supplemental Annuity Program In accordance with directions in section 3221(c) of the Railroad Retirement Tax Act (26 U.S.C. 3221(c)), the Railroad Retirement Board has determined that the excise tax imposed by such section 3221
(c)on every employer, with respect to having individuals in his employ, for each work-hour for which compensation is paid by such employer for services rendered to him during the quarter beginning April 1, 2000, shall be at the rate of 26 1/2 cents. In accordance with directions in section 15(a) of the Railroad Retirement Act of 1974, the Railroad Retirement Board has determined that for the quarter beginning April 1, 2000, 37.2 percent of the taxes collected under sections 3211(b) and 3221(c) of the Railroad Retirement Tax Act shall be credited to the Railroad Retirement Account and 62.8 percent of the taxes collected under such sections 3211(b) and 3221(c) plus 100 percent of the taxes collected under section 3221(d) of the Railroad Retirement Tax Act shall be credited to the Railroad Retirement Supplemental Account. Dated: March 1, 2000. By authority of the Board. Beatrice Ezerski, Secretary to the Board. [FR Doc. 00-6595 Filed 3-16-00; 8:45 am]
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Notices
RAILROAD RETIREMENT BOARD
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