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S E C T I O N 9 0 5 P R O P O S A L (CONTINUED) I (We) hereby certify by execution of the Section 905 proposal below, that all certifications, disclosures and affidavits incorporated herein are deemed
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SECT stands for Specific Employment Compensation Tax.
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The purpose of SECT is to collect tax on specific employment compensation.
SECT requires reporting of compensation paid to employees subject to the tax.
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