Open main menu

Page:United States Statutes at Large Volume 61 Part 1.djvu/377

This page needs to be proofread.


61 STAT.] 80TH CONG., 1ST SESS.- CH. 258-JULY 16, 1947 SEC. 6 . JEOPARDY ASSESSMENT. - (a) AuTHOrrIT FOR MAKING.- If the Assessor believes that the collection of any tax imposed by this article will be jeopardized by delay, he shall, whether or not the time otherwise prescribed by law for making return and paying such tax has expired, immediately assess such tax (together with all interest and penalties, the assessment of which is provided for by law). Such tax, penalties, and interest shall thereupon become immediately due and payable, and immediate notice and demand shall be made by the Collector for the payment thereof. Upon failure or refusal to pay Collection by dis. such tax, penalty, and interest, collection thereof by distraint shall be tra lawful. (b) BOND TO STAY COLLECTrIN.-T he collection of the whole or any part of the amount of such assessment may be stayed by filing with the Collector a bond in such amount, not exceeding double the amount as to which the stay is desired, and with such sureties as the Collector deems necessary, conditioned upon the payment of the amount the collection of which is stayed, at the time at which, but for this section, such amount would be due. SEC. 7. (a) TIME OF PAYMENT.- One-half of the total amount of the tax due as shown on the taxpayer's return shall be paid to the Collector on the 15th day of April following the close of the calendar year and the remaining one-half of such tax shall be paid to the Collector on the 15th day of October following the close of the calendar year, or, if the return be made on the basis of a fiscal year, then one- half of the total amount of such tax shall be paid on the 15th day of the fourth month following the close of the fiscal year and the remain- ing one-half of such tax shall be paid on the 15th day of the tenth month following the close of the fiscal year. Any deficiency in tax ciayent of defi- determined by the Assessor under the provisions of section 5 of this title shall be due and payable within ten days from the date of the assessment. (b) EXTENSION OF TIME FOR PAYMENTS. -At the request of the taxpayer the Assessor may extend the time for payment by the tax- payer of the amount determined as the tax for a period not to exceed six months from the date prescribed for the payment of the tax or an installment thereof: Provided, however, That where the time for Extensionexceeding filing a return is extended for a period exceeding six months under sixlo the provisions of title V, section 3 (b), the Assessor may extend the Ante, . 342. time for payment of the tax, or the first installment thereof, to the same date to which he has extended the time for filing the return. In such case the amount in respect to which the extension is granted shall be paid on or before the date of the expiration of the period of the extension. (c) VOLUNTARY ADVANCE PAYMENT. -A tax imposed by this article, or any installment thereof, may be paid, at the election of the taxpayer, prior to the date prescribed for its payment. SEC. 8 . WITHHOLDING OF TAX AT SouICE.--VWlenever the Assessor eiTa coPayablebyfo shall deem it necessary in order to satisfy the District's claim for a tax payable by any foreign corporation or unincorporated business, he may, by rules and regulations, require any person subject to the jurisdiction of the District to withhold and pay to the Collector an amount not in excess of 5 per centum of all income payable by such person to such foreign corporation or unincorporated business. After met.m of oerp such foreign corporation or unincorporated business shall have filed all returns required under this title, and the same shall have been audited, the Collector shall refund any overpayment to the taxpayer. SEC. 9 . TAX A PERSONAL DEBT.- Every tax imposed by this article, Priority etc. and all increases, interest, and penalties thereof, shall become, from the time it is due and payable, a personal debt, from the person or 95347--48- -t. 1-23 353