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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
9/28/1976--Reported to House amended. (Reported to House from the Committee on Ways and Means, H. Rept. 94-1711) Amends the Internal Revenue Code of 1954 and Title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act to provide that the payment of social security taxes by a nonprofit organization on behalf of its employees shall constitute a constructive filing by such organization of the certificate otherwise required to provide social security coverage for such employees if it has not received a refund or credit of such taxes. Requires the filing of such certificate by any nonprofit organization which paid such taxes but received a refund or credit because it has not previously filed such certificate. Provides that when a nonprofit organization files a valid waiver certificate the taxes due with respect to services constituting employment by reason of such certificate may be paid in installments.