[Federal Register Volume 68, Number 227 (Tuesday, November 25, 2003)]
[Notices]
[Page 66161]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-29443]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Publication of the Tier 2 Tax Rates

AGENCY: Internal Revenue Service, Treasury.

ACTION: Notice.

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SUMMARY: Publication of the tier 2 tax rates for calendar year 2004 as 
required by section 3241(d) of the Internal Revenue Code (26 U.S.C. 
3241). Tier 2 taxes on railroad employees, employers, and employee 
representatives (a group unique to the railroad industry) fund a 
private pension benefit of the railroad retirement system.

DATES: The tier 2 tax rates for calendar year 2004 apply to 
compensation paid in calendar year 2004.

FOR FURTHER INFORMATION CONTACT: Margaret A. Owens, CC:TEGE:EOEG:ET1, 
Internal Revenue Service, 1111 Constitution Avenue, NW., Washington, DC 
20224, Telephone Number (202) 622-6040 (not a toll-free number).
    Tier 2 Tax Rates: The tier 2 tax rate for 2004 under section 
3201(b) on employees is 4.9 percent of compensation. The tier 2 tax 
rate for 2004 under section 3221(b) on employers is 13.1 percent of 
compensation. The tier 2 tax rate for 2004 under section 3211(b) on 
employee representatives is 13.1 percent of compensation.

    Dated: November 18, 2003.
Nancy Marks,
Deputy Division Counsel/Deputy Associate Chief Counsel (Tax Exempt and 
Government Entities).
[FR Doc. 03-29443 Filed 11-24-03; 8:45 am]
BILLING CODE 4830-01-P