Page:United States Statutes at Large Volume 97.djvu/453

 PUBLIC LAW 98-76—AUG. 12, 1983 97 STAT. 421 "(e) CROSS REFERENCE.— "For application of different contribution bases with respect to the taxes imposed by subsections (a) and (b), see section 3231(e)(2)." SEC. 223. INCREASES IN TIER 2 EMPLOYEE REPRESENTATIVE TAX; ANNUALIZATION OF TAX BASE. Subsection (a) of section 3211 of the Internal Revenue Code of 1954 26 USC 3211. (relating to tax on employee representatives) is amended to read as follows: "(a) IMPOSITION OF TAXES.— "(1) TIER i TAX.— In addition to other taxes, there is hereby imposed on the income of each employee representative a tax equal to the following percentage of the compensation received during any calendar year by such employee representative for services rendered by such employee representative: "In the case of compensation received during: The rate shall be: 1985 14.10 1986 or 1987 14.30 1988 or 1989 15.02 1990 or thereafter 15.30. "(2) TIER 2 TAX.— In addition to other taxes, there is hereby imposed on the income of each employee representative a tax equal to the following percentage of the compensation received during any calendar year by such employee representatives for services rendered by such employee representative: "In the case of compensation received during: The rate shall be: 1985 13.75 1986 or thereafter 14.75. "(3) CROSS REFERENCE. — "For application of different contribution bases with respect to the taxes imposed by paragraphs (1) and (2), see section 3231(e)(2)." SEC. 224. TAXATION OF RAILROAD RETIREMENT BENEFITS OTHER THAN TIER 1 BENEFITS. (a) PENSION BENEFITS (OTHER THAN TIER 1 BENEFITS) TAXED AS BENEFITS RECEIVED UNDER EMPLOYER PLANS. — Section 72 of the Internal Revenue Code of 1954 (relating to annuities; certain pro- 96 Stat. 546. ceeds of endowment and life insurance contracts) is amended by 26 USC 72. redesignating subsection (r) as subsection (s) and by inserting after subsection (q) the following new subsection: "(r) CERTAIN RAILROAD RETIREMENT BENEFITS TREATED AS RECEIVED UNDER EMPLOYER PLANS.— "(1) IN GENERAL. —Notwithstanding any other provision of law, any benefit provided under the Railroad Retirement Act of 1974 (other than a tier 1 railroad retirement benefit) shall be 45 USC 23lt. treated for purposes of this title as a benefit provided under an employer plan which meets the requirements of section 401(a). 45 USC 352. (2) TIER 2 TAXES TREATED AS CONTRIBUTIONS.— "(A) IN GENERAL.— For purposes of paragraph (1)— "(i) the tier 2 portion of the tax imposed by section 3201 (relating to tax on employees) shall be treated as Ante, p. 420. an employee contribution, "(ii) the tier 2 portion of the tax imposed by section 3211 (relating to tax on employee representatives) shall Supra. be treated as an employee contribution, and

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