REPEAL OF SUPPLEMENTAL ANNUITY TAX.

SEC. 203. REPEAL OF SUPPLEMENTAL ANNUITY TAX. (a) Repeal of Tax on Employee Representatives.—Section 3211 is amended by striking subsection (b). (b) Repeal of Tax on Employers.—Section 3221 is amended by striking subsections (c) and (d) and by redesignating subsection (e) as subsection (c). (c) Effective Date.—The amendments made by this section shall apply to calendar years beginning after December 31, 2001.