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SEC. 6153—Continued
(b)(amended 1962)—Continued

Applicability:

Only with respect to taxable years beginning after December 31, 1962.

(Id., 82, 76 Stat. 575.) SEC. 6154. INSTALLMENT PAYMENTS OF ESTIMATED INCOME

TAX BY CORPORATIONS (Revised 1964—78 Stat.

25–27):
In full. ----- Feb. 26, 1964, H.R. 8363, P.L. 88–272, § 122(a), 78 Stat. 25–27:

Amended Sec. 6154 734 to read as follows:
"SEC. 6154. INSTALLMENT PAYMENTS OF ESTIMATED INCOME TAX

BY CORPORATIONS.
"(a) AMOUNT AND TIME FOR PAYMENT OF Each INSTALLMENT.-
The amount of estimated tax (as defined in section 6016(b)) with
respect to which a declaration is required under section 6016 shall
be paid as follows:

(1) PAYMENT IN 4 INSTALLMENTS.-If the declaration is filed on or before the 15th day of the 4th month of the taxable year, the estimated tax shall be paid in 4 installments. The amount and time for payment of each installment shall be determined in accordance with the following table:

The following percentages of the

estimated tax shall be paid on the 15th day of the

"If the taxable year begins in

4th 6th

9th 12th month month month | month

1964.
1965.--
1966.---
1967...
1968...
1969...
1970 or any subsequent year

734 Section 6154 originally read as follows (68A Stat. 760): "SEC. 6154. INSTALLMENT PAYMENTS OF ESTIMATED INCOME TAX BY CORPORATIONS.

(a) AMOUNT OF ESTIMATED INCOME TAX REQUIRED TO BE PAID.-The amount of estimated tax (as defined in section 6016 (b)) with respect to which a declaration is required under section 6016 shall be paid as follows:

"If the taxable year ends

The amount required to be paid shall be the following percentage of the estimated tax:

"On or after December 31, 1955 and before December 31, 1956.

"On or after December 31, 1957 and before December 31, 1958_ "On or after December 31, 1958 and before December 31, 1959. "On or after December 31, 1959.--

(b) TIME FOR PAYMENT OF INSTALLMENT.If the declaration is filed on or before the 15th day of the 9th month of the taxable year, the amount determined under subsection (a) shall be paid in two equal installments. The first installment shall be paid on or before the 15th day of the 9th month of the taxable year, and the second installment shall be paid on or before the 15th day of the 12th month of the taxable year. If the declaration is filed after the 15th day of the 9th month (Footnote 734 continued on following page]

SEC. 6154 (revised 1964) –Continued

"(2) PAYMENT IN 3 INSTALLMENTS. If the declaration is filed after the 15th day of the 4th month and not after the 15th day of the 6th month of the taxable year, and is not required by section 6074(a) to be filed on or before the 15th day of such 4th month, the estimated tax shall be paid in 3 installments. The amount and time for payment of each installment shall be determined in accordance with the following table:

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“(3) PAYMENT IN 2 INSTALLMENTS.—If the declaration of estimated tax is filed after the 15th day of the 6th month and not after the 15th day of the 9th month of the taxable year, and is not required by section 6074(a) to be filed on or before the 15th day of such 6th month, the estimated tax shall be paid in 2 installments. The amount and time for payment of each installment shall be determined in accordance with the following table:

The following percentages of the estimated tax shall be paid on the 15th day of the

"If the taxable year begins in

9th month 12th month

1964.-.
1965..
1966..
1967.
1968.---
1969.-
1970 or any subsequent year.--

(4) PAYMENT IN 1 INSTALLMENT.—If the declaration of estimated tax is filed after the 15th day of the 9th month of the

Footnote 734—Continued. of the taxable year, the amount determined under subsection (a) shall be paid in full on or before the 15th day of the 12th month of the taxable year.

"(c) AMENDMENT OF DECLARATION.-If any amendment of a declaration is filed, installments payable on the 15th day of the 12th month, if any, shall be ratably increased or decreased, as the case may be, to reflect the increase or decrease, as the case may be, in the estimated tax by reason of such amendment.

"(d) APPLICATION TO SHORT TAXABLE YEAR.—The application of this section to taxable years of less than 12 months shall be in accordance with regulations prescribed by the Secretary or his delegate.

"e) INSTALLMENTS PAID IN ADVANCE.— At the election of the corporation, any installment of the estimated tax may be paid prior to the date prescribed for its payment."

SEC. 6154 (revised 1964) --Continued

taxable year, and is not required by section 6074(a) to be filed on or before the 15th day of such 9th month, the estimated tax shall be paid in 1 installment. The amount and time for payment of the installment shall be determined in accordance with the following table:

If the taxable year begins in

The following percentages of the

estimated tas shall be paid on the 15th day of the 12th month

52

1964.
1965.
1966.
1967-
1968.
1969.
1970 or any subsequent year..

58 68 78 88 94 100

(5) LATE FILING.If the declaration is filed after the time prescribed in section 6074(a) (determined without regard to any extension of time for filing the declaration under section 6081), paragraphs (2), (3), and (4) of this subsection shall not apply, and there shall be paid at the time of such filing all installments of estimated tax which would have been payable on or before such time if the declaration had been filed within the time prescribed in section 6074(a), and the remaining installments shall be paid at the times at which, and in the amounts in which, they would have been payable if the declaration had been so filed.

"(b) AMENDMENT OF DECLARATION.-If any amendment of a declaration is filed, the amount of each remaining installment (if any) shall be the amount which would have been payable if the new estimate had been made when the first estimate for the taxable year was made, increased or decreased (as the case may be), by the amount computed by dividing

"(1) the difference between (A) the amount of estimated tax required to be paid before the date on which the amendment is made, and (B) the amount of estimated tax which would have been required to be paid before such date if the new estimate had been made when the first estimate was made, by

“(2) the number of installments remaining to be paid on or after the date on which the amendment is made.

"(c) APPLICATION TO SHORT TAXABLE YEAR.—The application of this section to taxable years of less than 12 months shall be in accordance with regulations prescribed by the Secretary or his delegate.

"(d) INSTALLMENTS PAID IN ADVANCE. At the election of the corporation, any installment of the estimated tax may be paid

before the date prescribed for its payment.”
Applicability:
Taxable years beginning after December 31, 1963.

(Id., $ 131, 78 Stat. 30.) SEC. 6156. INSTALLMENT PAYMENTS OF TAX ON USE OF HIGH

WAY MOTOR VEHICLES (Added 1961–75 Stat. 125–

126): New.. June 29, 1961, H.R. 6713, P.L. 87-61, $ 203(c)(1), 75 Stat. 125-126: (redesignated, Amended Subchapter A of Chapter 62 (relating to time and place added) for paying tax) by renumbering section 6156 (payment of taxes under

SEC. 6156 (added 1961)-Continued

provisions of the Tariff Act) as section 6157, and by inserting after
section 6155 (payment on notice and demand) the following new
section 6156:
"SEC. 6156. INSTALLMENT PAYMENTS OF TAX ON USE OF HIGHWAY

MOTOR VEHICLES.
“(a) PRIVILEGE To Pay Tax in INSTALLMENTS.-If the taxpayer
files a return of the tax imposed by section 4481 on or before the
date prescribed for the filing of such return, he may elect to pay the
tax shown on such return in equal installments in accordance with
the following table:

The number of

installments "If liability is incurred in

shall be July, August, or September

4 October, November, or December..

3 January, February, or March.--“(b) DATES FOR PAYING INSTALLMENTS.-In the case of any tax payable in installments by reason of an election under subsection (a)

(1) The first installment shall be paid on the date prescribed for payment of the tax,

"(2) the second installment shall be paid on or before the last day of the third month following the calendar quarter in which the liability was incurred,

"(3) the third installment (if any) shall be paid on or before the last day of the sixth month following the calendar quarter in which the liability was incurred, and

“(4) the fourth installment (if any) shall be paid on or before the last day of the ninth month following the calendar quarter in which the liability was incurred.

"(c) PRORATION OF ADDITIONAL TAX TO INSTALLMENTS.-If an election has been made under subsection (a) in respect of tax reported on a return filed by the taxpayer and tax required to be shown but not shown on such return is assessed before the date prescribed for payment of the last installment, the additional tax shall be prorated equally to the installments for which the election was made. That part of the additional tax so prorated to any installment the date for payment of which has not arrived shall be collected at the same time as and as part of such installment. That part of the additional tax so prorated to any installment the date for payment of which has arrived shall be paid upon notice and demand from the Secretary or his delegate.

“(d) ACCELERATION OF PAYMENTS.—If the taxpayer does not pay any installment under this section on or before the date prescribed for its payment, the whole of the unpaid tax shall be paid upon notice and demand from the Secretary or his delegate.

(e) SECTION INAPPLICABLE TO CERTAIN LIABILITIES.—This section shall not apply to any liability for tax incurred in

“(1) April, May, or June of any year, or

"(2) July, August, or September of 1972."
Effective Date:
July 1, 1961.

(Id., $ 208(b)(1), 75 Stat. 128. See n. 453, p. 678 above.)

SEC. 6157. PAYMENT OF TAXES UNDER PROVISIONS OF THE

TARIFF ACT (Former 6156—68A Stat. 761):
Renumbered June 29, 1961, H.R. 6713, P.L. 87–61, § 203(c)(1), 75 Stat. 125:

Renumbered Sec. 6156 735 as Sec. 6157.
Effective Date:

July 1, 1961. Same as for the addition of the new section 6156

above. CH. 62, SUBCHAPTER B-EXTENSIONS OF TIME FOR PAYMENT

(68A Stat. 762, ff.): Table.----- Sept. 2, 1958, H.R. 8381, P.L. 85–866, § 206(b), 72 Stat. 1684: (item added) Amended the table of sections for Subchapter B of Chapter 62,736

by adding at the end thereof the following:
"Sec. 6166. Extension of time for payment of estate tax where estate

consists largely of interest in closely held business." Effective Date:

See “Applicability of amendment adding new section 6166, p. 1021

below. SEC. 6161. EXTENSION OF TIME FOR PAYING TAX (68A Stat.

762–763): (a)(2)------ Sept. 2, 19

Sept. 2, 1958, H.R. 8381, P.L. 85–866, $ 206(c), 72 Stat. 1684: (in full)

Amended Sec. 6161(a)(2)737 to read as follows:
“(2) ESTATE TAX.—If the Secretary or his delegate finds—

“(A) that the payment, on the due date, of any part of the amount determined by the executor as the tax imposed by chapter 11,

"(B) that the payment, on the date fixed for the payment of any installment under section 6166, of any part of such installment (including any part of a deficiency prorated to an installment the date for payment of which had not arrived), or

"(C) that the payment upon notice and demand of any part of a deficiency prorated under the provisions of section 6166

to installments the date for payment of which had arrived, would result in undue hardship to the estate, he may extend the time for payment for a reasonable period not in excess of 10 years

from the date prescribed by section 6151 (a) for payment of the tax." 735 The original section 6156 read as follows (68A Stat. 761): "SEC. 6156. PAYMENT OF TAXES UNDER PROVISIONS OF THE TARIFF ACT.

"For collection under the provisions of the Tariff Act of 1930 of the taxes imposed by section 4501 (b), and subchapters A, B, C, D, and E of chapter 38, see sections 4504 and

4601, respectively.” The taxes referred to in the original section 6156, together with sections 4504 and 4601, were repealed by P.L. 87–456, § 302(b) and (d). See p. — above. 134 The table of sections for Subchapter B of Chapter 62 originally read as follows (68A Stat. 762):

"Sec. 6161. Extension of time for paying tax.
"Sec. 6162. Extension of time for payment of tax on gain attributable to liquidation of

personal holding companies.
"Sec. 6163. Extension of time for payment of estate tax on value of reversionary or

remainder interest in property. "Sec. 6164. Extension of time for payment of taxes by corporations expecting carry backs.

“Sec. 6165. Bonds where time to pay tax or deficiency has been extended." 737 Subsection (a) of section 6161 originally read as follows (68A Stat. 762): "(a) A MOUNT DETERMINED BY TAXPAYER ON RETURN.

"(1) GENERAL RULE.—The Secretary or his delegate, except as otherwise provided in this title, may extend the time for payment of the amount of the tax shown, or required to be shown, on any return or declaration required under authority of this title (or any installment thereof), for a reasonable period not to exceed 6 months from the date fixed for payment thereof. Such extension may exceed 6 months in the case of a taxpayer who is abroad.

(2) ESTATE TAX.-If the Secretary or his delegate finds that the payment on the due date of any part of the amount determined by the executor as the tax imposed by chapter 11 would result in undue hardship to the estate, he may extend the time for payment for a reasonable period not in excess of 10 years from the date fixed for payment of the tax.”

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