Federal Register: June 9, 2000 (Volume 65, Number 112)
DOCID: FR Doc 00-14648
RAILROAD RETIREMENT BOARD
Railroad Retirement Board
NOTICE: NOTICES
ACTION: Agency information collection activities:
SUBJECT CATEGORY:
Determination of Quarterly Rate of Excise Tax for Railroad Retirement Supplemental Annuity Program
DOCUMENT SUMMARY:
In adcordance with directions in Section 3221(c) of the Railroad Retirement Tax Act (26 U.S.C., Section 3221(c)), the Railroad Retirement Board has determined that the excise tax imposed by such Section Section 3221(c) on every employer, with respect to having individuals in his employ, for each workhour for which compensation is paid by such employer for services rendered to him during the quarter beginning July 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 July 1, 2000, 37.7 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 62.3
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: June 1, 2000.
By Authority of the Board.
Beatrice Ezerski,
Secretary to the Board.
[FR Doc. 0014648 Filed 6800; 8:45 am]
BILLING CODE 790501M
SUMMARY:
Supplemental annuity program; determination of quarterly rate of excise tax,
DOCUMENT BODY 2:
In adcordance with directions in Section 3221(c) of the Railroad Retirement Tax Act (26 U.S.C., Section 3221(c)), the Railroad Retirement Board has determined that the excise tax imposed by such Section Section 3221(c) on every employer, with respect to having individuals in his employ, for each workhour for which compensation is paid by such employer for services rendered to him during the quarter beginning July 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 July 1, 2000, 37.7 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 62.3
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: June 1, 2000.
By Authority of the Board.
Beatrice Ezerski,
Secretary to the Board.
[FR Doc. 0014648 Filed 6800; 8:45 am]
BILLING CODE 790501M