Page:United States Statutes at Large Volume 115 Part 1.djvu/915

 PUBLIC LAW 107-90—DEC. 21, 2001 115 STAT. 893 amount determined under the preceding sentence is not a multiple of 0.1, such amount shall be increased to the next highest multiple of 0.1. "(2) ACCOUNT BENEFITS RATIO.—For purposes of this section, the term 'account benefits ratio' means, with respect to any fiscal year, the amount determined by the Railroad Retirement Board by dividing the fair market value of the assets in the Railroad Retirement Account and of the National Railroad Retirement Investment Trust (and for years before 2002, the Social Security Equivalent Benefits Account) as of the close of such fiscal year by the total benefits and administrative expenses paid from the Railroad Retirement Account and the National Railroad Retirement Investment Trust during such fiscal year. "(d) NOTICE. —No later than December 1 of each calendar year, the Secretary shall publish a notice in the Federal Register of the rates of tax determined under this section which are applicable for the following calendar year.". (e) CONFORMING AMENDMENTS.— (1) Section 24(d)(3)(A)(iii) is amended by striking "section 26 USC 24 ' 3211(a)(1)" and inserting "section 3211(a)". (2) Section 72(r)(2)(B)(i) is amended by striking "3211(a)(2)" and inserting "3211(b)". (3) Paragraphs (2)(A)(iii)(II) and (4)(A) of section 3231(e) are amended by striking "3211(a)(1)" and inserting "3211(a)". (4) Section 3231(e)(2)(B)(ii)(I) is amended by striking "3211(a)(2)" and inserting "3211(b)". (5) The table of subchapters for chapter 22 is amended by adding at the end the following new item: "Subchapter E. Tier 2 tax rate determination.". (f) EFFECTIVE DATE. —The amendments made by this section Applicability. shall apply to calendar years beginning after December 31, 2001. 26 USC 24note. Deadline. Federal Register, publication. 26 USC 72. 26 USC 3231. Approved December 21, 2001. LEGISLATIVE HISTORY—H.R. 10: HOUSE REPORTS: No. 107-51, Pt. 1 (Comm. on Ways and Means) and Ft. 2 (Comm. on Education and the Workforce). CONGRESSIONAL RECORD, Vol. 147 (2001): May 2, considered and passed House. Nov. 29, Dec. 3 -5, considered and passed Senate, amended. Dec. 11, House concurred in Senate amendments.

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