To provide for an accurate disclosure on individual pay checks of payments made under the Federal Insurance Contributions Act.

Amends the Internal Revenue Code to require the disclosure, on employee pay statements, of employer contributions under the Federal Insurance Contributions Act.

[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3078 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 3078

   To provide for an accurate disclosure on individual pay checks of 
      payments made under the Federal Insurance Contributions Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 13, 1997

 Mr. Sanford introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
   To provide for an accurate disclosure on individual pay checks of 
      payments made under the Federal Insurance Contributions Act.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ACCURATE DISCLOSURE ON INDIVIDUAL PAY CHECKS OF EMPLOYER 
              CONTRIBUTIONS MADE UNDER THE FEDERAL INSURANCE 
              CONTRIBUTIONS ACT.

    (a) In General.--Section 3111 of subchapter B of chapter 21 of 
subtitle C of title 26, United States Code (relating to the tax imposed 
upon employers under the Federal Insurance Contributions Act) is 
amended by adding at the end the following new subsection:
    ``(c) The amount of the taxes imposed by the preceding subsections 
shall be disclosed on all regular pay statements issued to individual 
employees together with a notification that while this tax is not 
included in gross wages or salary, it should be combined with the 
individual's FICA taxes to determine his or her total contribution for 
retirement, disability, survivors and health benefits provided by the 
Social Security Administration.''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply with respect to any pay periods beginning after January 1, 1999.
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