A bill to amend section 3303 (f) of the Internal Revenue Code of 1954 with respect to the payment of unemployment taxes by certain nonprofit organizations.

[AI summary unavailable — showing source text] Requires a non-profit organization to have elected before April 1, 1972, to make payments (in lieu of contributions) into the State unemployment fund in order to qualify for an exemption from such payments for a specified period after such election. (Amends 26 U.S.C. 3303(f))…