26 U.S.C. § 3123 — Deductions as constructive payments
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 75 words · no verdicts yet
This section sets rules about Deductions as constructive payments. Whenever under this chapter or any act of Congress, or under the law of any State, an employer is required or permitted to deduct any amount from the remuneration of an employee and to pay the amount deducted to the United States, a...
Whenever under this chapter or any act of Congress, or under the law of any State*, an employer is required or permitted to deduct any amount from the remuneration of an employee* and to pay the amount deducted to the United States, a State, or any political subdivision of it, then for purposes of this chapter the amount so deducted must be considered to have been paid to the employee at the time of such deduction.
Whenever under this chapter or any act of Congress, or under the law of any State*, an employer is required or permitted to deduct any amount from the remuneration of an employee* and to pay the amount deducted to the United States, a State, or any political subdivision thereof, then for purposes of this chapter the amount so deducted shall be considered to have been paid to the employee at the time of such deduction.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 429.)
- 1954Enacted · Act of Aug. 16, 1954, ch. 736
A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.
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