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Additional credit

3 rules

In addition to the credit allowed under subsection (a), a taxpayer may credit against the tax imposed by section 3301 for any taxable year an amount, with respect to the unemployment compensation law of each State certified as provided in section 3303 for the 12-month period ending on October 31 of such year, or with respect to any provisions thereof so certified, equal to the amount, if any, by which the contributions required to be paid by him with respect to the taxable year were less than the contributions such taxpayer would have been required to pay if throughout the taxable year he had been subject under such State law to the highest rate applied thereunder in such 12-month period to any person having individuals in his employ, or to a rate of 5.4 percent, whichever rate is lower.

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Whole section

Encodings · 3

additional_credit_comparison_rate_cap26 USC § 3302 (b) · parameter

26 USC 3302(b)

name: additional_credit_comparison_rate_cap
kind: parameter
dtype: Rate
source: 26 USC 3302(b)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us/statute/26/3302
          excerpt: or to a rate of 5.4 percent, whichever rate is lower
versions:
  - effective_from: '1990-01-01'
    formula: '0.054'

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applicable_additional_credit_comparison_rate26 USC § 3302 (b) · derived

26 USC 3302(b)

name: applicable_additional_credit_comparison_rate
kind: derived
entity: Employer
dtype: Rate
period: Year
source: 26 USC 3302(b)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us/statute/26/3302
          excerpt: >-
            highest rate applied thereunder in such 12-month period ... or to a
            rate of 5.4 percent, whichever rate is lower
      - path: versions[0].formula
        kind: import
        import:
          target: us:statutes/26/3302/b#additional_credit_comparison_rate_cap
          output: additional_credit_comparison_rate_cap
          hash: sha256:local
versions:
  - effective_from: '1990-01-01'
    formula: |-
      min(
          highest_rate_applied_under_state_unemployment_compensation_law_in_12_month_period_ending_october_31,
          additional_credit_comparison_rate_cap
      )

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additional_credit_rate_differential_amount26 USC § 3302 (b) · derived

26 USC 3302(b)

name: additional_credit_rate_differential_amount
kind: derived
entity: Employer
dtype: Money
period: Year
unit: USD
source: 26 USC 3302(b)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us/statute/26/3302
          excerpt: >-
            equal to the amount, if any, by which the contributions required to
            be paid by him ... were less than the contributions such taxpayer
            would have been required to pay
versions:
  - effective_from: '1990-01-01'
    formula: |-
      max(
          0,
          contributions_taxpayer_would_have_been_required_to_pay_if_subject_to_applicable_additional_credit_comparison_rate
          - contributions_required_to_be_paid_with_respect_to_taxable_year
      )

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▸rulespec code

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statutes/26/3302/b.yaml

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