PUBLIC LAW 97-248—SEPT. 3, 1982
96 STAT. 503
(g) EFFECTIVE DATES.— (1) SUBSECTION (b).—The amendments made by subsection (b) shall apply to amounts paid or incurred after April 30, 1983, to individuals beginning work for the employer after such date. (2) SUBSECTION (d).—The amendments made by subsection (d) shall apply to amounts paid or incurred after July 1, 1982, to individuals beginning work for the employer after such date.
26 USC 51 note.
SEC. 234. ACCELERATED PAYMENT OF INCOME TAX BY CORPORATIONS. (a) INCREASE IN AMOUNT OF ESTIMATED TAX REQUIRED TO BE PAID.—
(1) IN GENERAL.—Paragraph (1) of section 6655(b) (relating to amount of underpayment) is amended by striking out "80" each place it appears and inserting in lieu thereof "90". (2)
CONFORMING AMENDMENT.—Paragraph
(3)
of
26 USC 6655.
section
6655(d) (relating to exception to imposition of additional tax) is amended by striking out "80" and inserting in lieu thereof "90". (b) ELIMINATION OF ELECTION WITH RESPECT TO PAYMENT OF UNPAID TAXES.—
(1) IN GENERAL.—Section 6152 (relating to installment payments of tax) is amended by striking out subsections (a) and (b) and inserting in lieu thereof the following new subsections:
26 USC 6152.
"(a) PRIVILEGE TO ELECT TO MAKE FOUR INSTALLMENT PAYMENTS BY DECEDENT'S ESTATE.—A decedent's estate subject to the tax
imposed by chapter 1 may elect to pay such tax in four equal installments. "(b) DATES PRESCRIBED FOR PAYMENT OF FOUR INSTALLMENTS.—In
any case (other than payment of estimated income tax) in which the tax may be paid in four installments, the first installment shall be paid on the date prescribed for the payment of the tax, the second installment shall be paid on or before 3 months, the third installment on or before 6 months, and the fourth installment on or before 9 months, after such date.'". (2) Conforming amendments.— (A) Paragraph (2) of section 832(e) is amended by striking out ", as if no election to make installment payments under (B) Subsection (b) of section 6081 is amended by striking out "or the first installment thereof required under section 6152". (C) Section 6164 is amended— (i) by striking out the last sentence of subsection (c) and inserting in lieu thereof the following new sentence: "If an extension of time under this section relates to only a part of the tax, the time for payment of the remainder shall be the date on which payment would have been required if such remainder had been the tax."; and (ii) by striking out paragraph (2) of subsection (g) and inserting in lieu thereof the following new paragraph: "(2) the time for payment of such amount shall be considered to be the date on which payment would have been required if there had been no extension with respect to such amount.". (c) AMOUNT OF ADDITION TO TAX.—Subsection (a) of section 6655 (relating to addition to tax) is amended to read as follows:
97-200 O—84—pt. 1
18: QL3
26 USC 832. 26 USC 6081. 26 USC 6164.
26 USC 6655.
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