107 STAT. 2162 PUBLIC LAW 103-182—DEC. 8, 1993 implementation of an electronic fund transfer system which is required to be used for the collection of depository taxes. Such system shall be designed in such manner as may be necessary to ensure that such taxes are credited to the general account of the Treasury on the date on which such taxes would otherwise have been required to be deposited under the Federal tax deposit system. "(B) EXEMPTIONS.— The regulations prescribed under subparagraph (A) may contain such exemptions as the Secretary may deem appropriate. "(2) PHASE-IN REQUIREMENTS. — "(A) IN GENERAL.— Except as provided in subparagraph (B), the regulations referred to in paragraph (1)— "(i) shall contain appropriate procediires to assure that an orderly conversion from the Federal tax deposit system to the electronic fund transfer system is accomplished, and "(ii) may provide for a phase-in of such electronic fund transfer system by classes of taxpayers based on the aggregate undeposited taxes of such taxpayers at the close of specified periods and any other factors the Secretary may deem appropriate.
- (B) PHASE-IN REQUIREMENTS. —The phase-in of the
electronic fund transfer system shall be designed in such manner as may be necessary to ensure that— "(i) during each fiscal year beginning after September 30, 1993, at least the applicable required percentage of the total depository taxes imposed by chapters 21, 22, and 24 shall be collected by means of electronic fund transfer, and "(ii) during each fiscal year beginning after September 30, 1993, at least the applicable required percentage of the total other depository taxes shall be collected by means of electronic fund transfer. "(C) APPLICABLE REQUIRED PERCENTAGE. — "(i) In the case of the depository taxes imposed by chapters 21, 22, and 24, the applicable required percentage is— "(I) 3 percent forfiscalyear 1994, "(ID 16.9 percent forfiscalyear 1995, "(III) 20.1 percent for fiscal year 1996, "(IV) 58.3 percent for fiscal years 1997 and 1998, and "(V) 94 percent for fiscal year 1999 and all ' fiscal years thereafter. "(ii) In the case of other depository taxes, the applicable required percentage is— "(I) 3 percent forfiscalyear 1994, "(II) 20 percent forfiscalyear 1995, "(III) 30 percent forfiscalyear 1996, "(IV) 60 percent forfiscalyears 1997 and 1998, and "(V) 94 percent for fiscal year 1999 and all fiscal years thereafter. "(3) DEFINITIONS.—For purposes of this subsection—
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