56 STAT.] 77TH CONG., 2D SESS.-CH. 619-OCT. 21 , 1942 one-half of any such pay-roll period does not constitute wages, then none of the remuneration paid by such employer to such employee for such period shall be deemed to be wages. "SEC. 467. WITHHOLDING AGENT. "(a) COLLEcTION OF TAx.- The tax required to be withheld by sec- tion 466 shall be collected by the person having control of the pay- ment of such wages by deducting such amount from such wages as and when paid. As used in this subsection, the term 'person' includes officers and employees of the United States, or of a State, Territory, or any political subdivision thereof, or of the District of Columbia, or any agency or instrumentality of any one or more of the foregoing. "(b) INDEMNIFICATION OF WITHHOLDING AGENT. - Every person required to withhold and collect any tax under this part shall be liable for the payment of such tax, and shall not be liable to any person for the amount of any such payment. "(c) ADJUSTMENTS.-I f more or less than the correct amount of tax is withheld or paid for any quarter in any calendar year, proper adjustments, with respect both to the tax withheld or the tax paid, may be made in any subsequent quarter of such calendar year, without interest, in such manner and at such times as may be prescribed by regulations made by the Commissioner, with the approval of the Secretary. "SEC. 468. RETURN AND PAYMENT BY WITHHOLDING AGENT. "In lieu of the time prescribed in sections 53 and 56 for the return and payment of the tax imposed by this chapter, every person required to withhold and collect any tax under section 466 shall make a return and pay such tax on or before the last day of the month following the close of each quarter of each calendar year. Every such person shall include with the final return for the calendar year a duplicate copy of each receipt required to be furnished under section 469. Every such person shall also keep such records and render under oath such state- ments with respect to the tax so withheld and collected as may be required under regulations prescribed by the Commissioner, with the approval of the Secretary. "SEC. 469. RECEIPTS. "(a) WAGES. -Every employer required to withhold and collect a tax in respect of the wages of an employee shall furnish to each such employee in respect of his employment during the calendar year, on or before January 31 of the succeeding year, or, if his employment is terminated before the close of such calendar year, on the day on which the last payment of wages is made, a written statement showing the period covered by the statement, the wages paid by the employer to such employee during such period, and the amount of the tax withheld and collected under this part in respect pf such wages. "(b) REGULATIONS. - The statements required to be furnished by this section shall be in lieu of the return required to be furnished by the employer with respect to his employee under section 147 and shall be furnished at such other times, shall contain such other information, and shall be in such form as the Commissioner, with the approval of the Secretary, may by regulations prescribe. "(c) EXTENSION OF TIME. -The Commissioner, under such regu- lations as he may prescribe with the approval of the Secretary, may grant to any employer a reasonable extension of time (not in excess of 30 days) with respect to the statements required to be furnished to employees on the day on which the last payment of wages is made. 891 Ante, p. 888. "Person." 53 Stat. 28, 31. 286.8.C. 53,56. Post, p. 893. Ante, p. 888. hIfra. 53 Stat. 64. 26 .S.0.1147; Supp. I, i 147. Ante, p. 828.
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