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"(b) PENALTY FOR FAILURE TO FURNISH.-- Any employer who willfully fails to furnish a statement to a pilot in the manner, at the same time, and showing the information required under subsection (a), shall for each such failure be subject to a civil penalty of not more than $50. 
"(c) FURNISHING A SINGLE STATEMENT. The statement furnished pursuant to subsection (a) shall be in substitution for the statement required by section 1403 (a). By agreement between the Commissioner and the Railroad Retirement Board, the requirements of subsection (a) may be waived if satisfactory statements are furnished to pilots pursuant to section 6 of the Air Line Pilots' Retirement Act.

"PART II.--TAX ON EMPLOYERS.
"SECTION 1506. RATE OF TAX
"In addition to other taxes, every employer shall pay an excise tax with respect to having pilots in his employ, equal to ten per centum of so much of the compensation paid to pilots by such employer after December 31, 1947, as is not in excess of $12,000 in any calendar year.
"SECTION 1561. ADJUSTMENT OF TAX.
"If more or less than the correct amount of tax imposed by section 1560 is paid with respect to any payment of remuneration, proper adjustments with respect to the tax shall be made, without interest, in such manner and at such time as may be prescribed by regulations made under this subchapter.

"PART III.--GENERAL PROVISIONS.
"SECTION 1570. COLLECTION AND PAYMENT OF TAXES.
"(a) ADMINISTRATION.--The taxes imposed by this subchapter shall be collected by the Bureau of Internal Revenue under the direction of the