123STA T . 1 964PUBLIC LA W 111 – 42 —J UL Y 2 8, 2 0 09 LEGIS L AT I V E H IST ORY— H .J .R es . 56:C O N GRESSIONAL RECOR D, V ol . 1 55 (20 0 9)
J u l y 21, c o n s id e r ed a nd p assed House. July 2 3 , considered and passed Sena t e. TI T LE II — TI M E FORPAY ME N TOF C ORPORATE E S TIMATE D TA X ES SEC.201 .S HORT T I T L E. Thist it lemayb e c ite d as the ‘ ‘ Corp orate E stimated Ta xS hi f t A ct of 20 0 9’ ’ . SEC. 202. TI M E F OR PAY ME N T OF CORPORATE ESTIMATE D TA X ES. ( a )REP E ALOF A DJUSTM E N TS FO R 20 1 0 , 2011, AND 201 3 . — Sec - tio n4 01 of the Tax I ncrease P re v ention and Reconciliation Act of 200 5 (and any modification of s u ch section contained in any other provision of la w ) shall not apply with respect to any install- ment of corporate estimated tax which (without re g ard to such section) would otherwise be due after D ecember 31, 2009. (b) ADJUSTMENT FOR 2014.— N otwithstanding section 6 655 of the Internal Revenue Code of 19 8 6— (1) in the case of a corporation with assets of not less than $ 1,000,000,000 (determined as of the end of the preceding taxable year), the amount of any re q uired installment of cor- porate estimated tax which is otherwise due in J uly, August, or September of 2014 shall be 100.25 percent of such amount
and (2) the amount of the next required installment after an installment referred to in paragraph (1) shall be appropriately reduced to reflect the amount of the increase by reason of such paragraph. Approved July 28, 2009. 26USC 66 5 5 note. 26 USC 1 note. Co rp or a te Es t im ate dT a x S h i f t Ac tof2 0 0 9 .
