PUBLIC LAW 103-465—DEC. 8, 1994 108 STAT. 5001 (A) by inserting "(or the immediately following day where the due date described in subparagraph (D) falls on a Simday)" before the period at the end, and (B) by striking "i4TH DAY" in the heading and inserting "DUE DATE". (d) COMMUNICATION SERVICES AND AIRLINE TICKETO.— Subsection (e) of section 6302 is amended to read as follows: 26 USC 6302. "(e) TIME FOR DEPOSIT OF TAXES ON COMMUNICATIONS SERVICES AND AIRUNE TICKETS.— "(1) IN GENERAL.— Except as provided in paragraph (2), if, under regulations; prescribed by the Secretary, a person is required to make deposits of any tax imposed by section 4251 or subsection (a) or (b) of section 4261 with respect to amounts considered collected by such person during any semimonthly period, such deposit shall be made not later than the 3rd day (not including Saturdays, Sundays, or legal holidays) after the close of the 1st week of the 2nd semimonthly period following the period to which such amounts relate. " (2) SPECIAL RULE FOR TAX DUE IN SEPTEMBER.— "(A) AMOUNTS CONSIDERED COLLECTED.— In the case of a person required to make deposits of the tax imposed by- "(i) section 4251, or "(ii) effective on January 1, 1997, section 4261 or 4271, with respect to amounts considered collected by such person during any semimonthly period, the amount of such tax included in bills rendered or tickets sold during the period beginning on September 1 and ending on September 11 shall be deposited not later than September 29. " (B) SPECIAL RULE WHERE SEPTEMBER 29 is ON SATUR- DAY OR SUNDAY. —If September 29 falls on a Saturday or Simday, the due date under subparagraph (A) shall be— "(i) in the case of Saturday, the preceding day, and "(ii) in the case of Simday, the following day. " (C) TAXPAYERS NOT REQUIRED TO USE ELECTRONIC FUNDS TRANSFER.—In the case of deposits not required to be made by electronic funds transfer, subparagraphs (A) and (B) shall be applied by substituting 'September 10' for 'September 11' and 'September 28' for 'September 29'." (e) EFFECTIVE DATE. —The amendments made by this section 26 USC 5061 shall take effect on January 1, 1995. SEC. 713. REDUCTION IN IIATE OF INTEREST PAID ON CERTAIN COR- PORATE OVERPAYMENTS. (a) IN GENERAL. —P iiragraph (1) of section 6621(a) (defining overpayment rate) is amended by adding at the end the following new flush sentence: "To the extent that an overpayment of tax by a corporation for any taxable period (as defined in subsection (c)(3)) exceeds $10,000, subparagraph (B) shall be appHed by substituting '0.5 percentage pointf for '2 percentage points'." note.
�
