26 U.S. Code § 3321. Imposition of tax
1988—Pub. L. 100–647, § 7106(a), amended section generally, revising and restating provisions of subsecs. (a) and (b) and specifying imposition of 4 percent tax on rail wages rather than a tax based on the “applicable percentage” of rail wages, and in subsec. (c) substituting provisions relating to termination if loans to railroad unemployment fund repaid for provisions relating to rates of tax.
Pub. L. 100–647, § 1018(u)(17), added a period at end of par. (4).
1986—Subsec. (c). Pub. L. 99–272 amended subsec. (c) generally. Prior to amendment subsec. (c) read as follows:
“(c) Rate of Tax.—For purposes of this section—
“(A) 2 percent, plus
“(B) 0.3 percent for each preceding taxable period.
In no event shall the applicable percentage exceed 5 percent.”
Amendment by section 1018(u)(17) of Pub. L. 100–647 effective, except as otherwise provided, as if included in the provision of the Tax Reform Act of 1986, Pub. L. 99–514, to which such amendment relates, see section 1019(a) of Pub. L. 100–647, set out as a note under section 1 of this title.