94-21622. Determination of Quarterly Rate of Excise Tax for Railroad Retirement Supplemental Annuity Program  

  • [Federal Register Volume 59, Number 169 (Thursday, September 1, 1994)]
    [Unknown Section]
    [Page 0]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 94-21622]
    
    
    [[Page Unknown]]
    
    [Federal Register: September 1, 1994]
    
    
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    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 October 1, 1994, 
    shall be at the rate of 30 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 October 1, 1994, 38.4 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 61.6 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.
    
        By Authority of the Board.
    
        Dated: August 25, 1994.
    Beatrice Ezerski,
    Secretary to the Board.
    [FR Doc. 94-21622 Filed 8-31-94; 8:45 am]
    BILLING CODE 7905-01-M
    
    
    

Document Information

Published:
09/01/1994
Department:
Railroad Retirement Board
Entry Type:
Uncategorized Document
Document Number:
94-21622
Pages:
0-0 (1 pages)
Docket Numbers:
Federal Register: September 1, 1994