Page:United States Statutes at Large Volume 79.djvu/902

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73 stau 29^ 26 USC 3221. "' """

PUBLIC LAW 89-212-SEPT. 29, 1965

[79 STAT.

"(5) 141/^ percent of so much of the compensation paid to such employee representative for services rendered by him after December 31, 1968,". (c) Section 3221(a) of such Code (relating to rate of tax on employers under the Railroad Retirement Tax Act) is amended by striking out paragraphs (1) and (2) and inserting in lieu thereof the following: "(1) 6% percent of so much of the compensation paid by such employer for services rendered to him after September 30, 1965, (2) 614 percent of so much of the compensation paid by such employer for services rendered to him after December 31, 1965, "(3) 6% percent of so much of the compensation paid by such employer for services rendered to him after December 31, 1966, "(4) 7 percent of so much of the compensation paid by such employer for services rendered to him after December 31, 1967, and "(5) 7 ^ percent of so much of the compensation paid by such employer for services rendered to him after December 31, 1968,". EFFECTIVE DATES

65 ustau228b. 683^ 45 s e

SEC. 6. The amendments made by sections 1 and 3 of this Act shall take effect with respect to annuities accruing and deaths occurring in months after the month in which this Act is enacted, and shall apply also to annuities paid in lump sums equal to their commuted value because of a reduction in such annuities under section 2(e) of the Railroad Retirement Act of 1937, as in effect before the amendments made by this Act, as if such annuities had not been paid in such lump sums: Provided, however, That the amounts of such annuities which were paid in lump sums equal to their commuted value shall not be included in the amount of annuities which become payable by reason of section 1 of this Act. The amendments made by section 2 of this Act shall apply only with respect to tips received after 1965. The amendments made by section 4 of this Act shall apply only with respect to calendar months after the month in which this Act is enacted. The amendments made by section 5 of this Act shall apply only with respect to compensation paid for services rendered after September 30, 1965. Approved September 29, 1965.

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