reduced rate
Defined in 1 place of the United States Code.
The term “reduced rate” means a rate of contributions lower than the standard rate applicable under the State law, and the term “standard rate” means the rate on the basis of which variations therefrom are computed.
Source
- 1994–present26 U.S.C. § 3303Internal Revenue Code · Conditions of additional credit allowance · as used in this section