Summary: S.3278 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for S.3278. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (09/26/1992)

Amends the Internal Revenue Code and the Railroad Retirement Act of 1974 to exempt as an employer any person engaged in locomotive and freight car repair services and activities from the railroad retirement tax, but only if such person was so engaged before July 1, 1988, is not subject to the direct jurisdiction of the Interstate Commerce Commission, and is not (and never was) a division or part of a carrier with which such person is currently affiliated.

Amends the Railroad Unemployment Insurance Act to exempt such employers from the railroad unemployment tax.