A bill to provide for the administration of the Internal Revenue Code of 1954 without regard to certain Revenue Rulings relating to the definition of the term "employee".

Requires that Revenue Rulings issued by the Internal Revenue Service on or after December 1, 1975, relating to the definition of the term "employee" be disregarded in applying the Federal Insurance Contributions Act, the Federal Unemployment Tax Act, and income tax withholding requirements to real estate salespeople.