CSX Corp. v. United States

The Railroad Retirement Tax Act (RRTA) does not impose a tax on a railroad's stock transfers to its employees nor a railroad's provision of relocation benefits to its employees. The Fifth Circuit reversed the district court's judgment and remanded for further consideration of the statutory requirements and the calculation of CSX's taxable compensation. The court held that the Supreme Court's decision in Wisconsin Cent. Ltd. v. United States, 138 S. Ct. 2067 (2018), was dispositive of the stock issue. Under Wisconsin Central, the phrase "money remuneration" in the RRTA refers only to currency or a medium of exchange. Wisconsin Central, as well as the court's plain meaning of the statute, guided the court's decision regarding the relocation benefits. View "CSX Corp. v. United States" on Justia Law