§3211 — Rate of tax
1 cases·1 cited
Statute Text — 26 U.S.C. §3211
In addition to other taxes, there is hereby imposed on the income of each employee representative a tax equal to the applicable percentage of the compensation received during any calendar year by such employee representative for services rendered by such employee representative. For purposes of the preceding sentence, the term “applicable percentage” means the percentage equal to the sum of the rates of tax in effect under subsections (a) and (b) of section 3101 and subsections (a) and (b) of section 3111 for the calendar year.
In addition to other taxes, there is hereby imposed on the income of each employee representative a tax equal to the percentage determined under section 3241 for any calendar year of the compensation received during such calendar year by such employee representative for services rendered by such employee representative.
For application of different contribution bases with respect to the taxes imposed by subsections (a) and (b), see section 3231(e)(2).
Treasury Regulations
- Treas. Reg. §Treas. Reg. §31.3211-1 Measure of employee representative tax
- Treas. Reg. §Treas. Reg. §31.3211-2 Rates and computation of employee representative tax
- Treas. Reg. §Treas. Reg. §31.3211-2(a) Rates—(1)(i) Tier 1 tax.
- Treas. Reg. §Treas. Reg. §31.3211-2(b) §31.3211-2(b)
- Treas. Reg. §Treas. Reg. §31.3211-2(c) §31.3211-2(c)
- Treas. Reg. §Treas. Reg. §31.3211-3 Employee representative supplemental tax
1 Citing Cases
3211 (McKinney 2006 & Supp. 2011) the policy did not lapse until 2008 and thus the deemed distribution did not occur in 2007. New York law prevents a life insurance policy from terminating for.nonpayment of a premium within a year of default unless the insurance company has given valid notice. Idm sec.. 3211(a) (1). The notice must be mailed t