Page:United States Statutes at Large Volume 97.djvu/461

 PUBLIC LAW 98-76—AUG. 12, 1983 97 STAT. 429 calendar quarters in the taxable period, does not exceed $100. "(4) DEFINITIONS.—For purposes of this subsection, the terms 'taxable period', 'rail employer', and 'rail wages' have the same respective meanings as when used in chapter 23A." Ante, p. 426. (2) TECHNICAL AMENDMENTS. — (A) Paragraph (2) of section 6201(b) of such Code (relating 26 USC 6201. to amount not to be assessed) is amended by striking out "Federal unemployment tax" and inserting in lieu thereof "Federal unemployment tax or tax imposed by section 3321". Ante, p. 426. (B) Section 6317 of such Code (relating to payments of 26 USC 6317. Federal unemployment tax for calendar quarter) is amended— (i) by striking out "Federal unemployment tax" and inserting in lieu thereof "Federal unemployment tax or tax imposed by section 3321", and (ii) by striking out "chapter 23" and inserting in lieu thereof "chapter 23 and 23A, as the case may be,". (C) Subsection (e) of section 6513 of such Code (relating to 26 USC 6513. payments of Federal unemployment tax) is amended by adding at the end thereof the following new sentence: "Notwithstanding subsection (a), for purposes of section 6511, any payment of tax imposed by chapter 23A which, 26 USC 6511; pursuant to section 6157, is made for a calendar quarter ""'^' P '*^^- within a taxable period shall, if made before the last day ^^ ^^^ ^^^'^ prescribed for filing the return for the taxable period (deter- mined without regard to any extension of time for filing), be considered made on such last day." (D) Subsection (i) of section 6601 of such Code is amended 26 USC 6601. by striking out "3301" and inserting in lieu thereof "3301 or 3321". (c) CLERICAL AMENDMENT.—The table of chapters for subtitle C of such Code is amended by inserting after the item relating to chapter 23 the following new item: "CHAPTER 23A. Railroad Unemployment Repayment Tax." (d) EFFECTIVE DATE.—The amendments made by this section shall 26 USC 3321 apply to remuneration paid after June 30, 1986. ^°^- SEC. 232. TAX USED TO REPAY LOANS MADE TO RAILROAD UNEMPLOY- 45 USC 231n MENT INSURANCE ACCOUNT. note. (a) TRANSFER TO RAILROAD RETIREMENT ACCOUNT. — (1) IN GENERAL.— The Secretary of the Treasury shall transfer from the general fund of the Treasury to the Railroad Retire- ment Account an amount equal to the additional railroad unem- ployment taxes received in the Treasury. (2) TAXES CREDITED AGAINST LOANS TO RAILROAD UNEMPLOY- MENT INSURANCE ACCOUNT. —Any amount transferred under paragraph (1) shall be credited against, and operate to reduce, the outstanding balance of railroad unemployment loans. (b) TRANSFERS MADE MONTHLY. —Transfers under subsection (a) shall be made at least monthly on the basis of estimates made by the Secretary of the Treasury of the amount of the additional railroad unemployment taxes received in the Treasury. Proper adjustments shall be made in the amount subsequently transferred to the extent

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