A bill to amend the Internal Revenue Code of 1954 to avoid duplication of tax imposed under the Federal Insurance Contributions Act and the Federal Unemployment Tax Act in the case of employers of the same employee.

Summary

Amends the Internal Revenue Code to allow joint employers of an employee to avoid duplicative tax payments under the Federal Insurance Contributions Act and the Federal Unemployment Tax Act by agreeing that one employer shall have the primary responsibility of making such payments as before, with the other employers paying only so much tax as is payable on the excess, if any, of the maximum level of compensation taxable under the Acts over the compensation paid by the first employer. Requires the employer with primary responsibility to notify the Secretary of the Treasury of the agreement.

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Documents

1 official file

• Introduced in House

  summary · EN · 6 January 1977

  Open at official source

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