Page:United States Statutes at Large Volume 101 Part 2.djvu/1090

 101 STAT. 1330-296

PUBLIC LAW 100-203—DEC. 22, 1987 "Medicare Qualified Government Employment".

42 USC 411.

(b)(1) Section 211(a)(7) of such Act is amended— (A) by inserting "and" before "section 911"; and (B) by striking "and section 931 (relating to income from sources within possessions of the United States) of the Internal Revenue Code of 1954". (2) Section 211(a)(8) of such Act is amended to read as follows: "(8) The exclusion from gross income provided by section 931 of the Internal Revenue Code of 1986 shall not apply;". (c) Section 218(v) of such Act is amended— ., ,,,,.... (1) by striking "(v)" and inserting "(n)"; (• (2) by striking paragraph (3); and (3) by redesignating paragraphs (4) and (5) as paragraphs (3) and (4) respectively. (d) Section 3121(a)(5) of the Internal Revenue Code of 1986 is amended— (1) by striking "; or" at the end of subparagraph (F) and f inserting ", or"; and . (2) by striking the comma at the end of subparagraph (G) and j inserting a semicolon.

42 USC 418.

26 USC 3121.

PART 3—RAILROAD RETIREMENT PROGRAM SEC. 9031. INCREASE IN RATES OF TIER 2 RAILROAD RETIREMENT TAX ON EMPLOYEES FOR 1988 AND THEREAFTER.

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26 USC 3201 "°*®'

(a) IN GENERAL.—Subsection (b) of section 3201 of the I n t e r n a l Revenue Code of 1986 (relating to tier 2 employee tax) is amended to read as follows: "OJ) TIER 2 T A X. — I n addition to other taxes, the r e is hereby imposed on the income of each employee a tax equal to 4.90 percent of the compensation received during any calendar year by such employee for services rendered by such employee.". (b) EFFECTIVE D A T E, — The amendment m a d e by t h i s section shall apply with respect to compensation received after December 31, 1987. SEC. 9032. INCREASE IN RATES OF TIER 2 RAILROAD RETIREMENT TAX ON EMPLOYERS FOR 1988 AND THEREAFTER.

(a) IN GENERAL.—Subsection (b) of section 3221 of the Internal • ' * '^''- Revenue Code of 1986 (relating to tier 2 employer tax) is amended to read as follows: "(b) TIER 2 TAX.—In addition to other taxes, there is hereby imposed on every employer an excise tax, with respect to having individuals in his employ, equal to 16.10 percent of the compensation paid during any calendar year by such employer for services rendered to such employer.". 26 USC 3221 (b) EFFECTIVE DATE.—The amendments made by this section shall ^°^apply with respect to compensation paid after December 31, 1987. 45 USC 231n note.

SEC. 9033. COMMISSION ON RAILROAD RETIREMENT REFORM. (a) COMMISSION ON RAILROAD RETIREMENT REFORM.—There is

established a commission to be known as the Commission on Railroad Retirement Reform (in this section referred to as the "Commission"). - ' (b) STUDY.—The Commission shall conduct a comprehensive study of the issues pertaining to the long-term financing of the railroad

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