Open main menu

Page:United States Statutes at Large Volume 61 Part 1.djvu/381

This page needs to be proofread.


61 STAT.] 80TH CONG. , 1ST SESS.-CH. 258-JULY 16, 1947 (b) FRAUD.-If any part of any deficiency is due to fraud with intent to evade tax, then 50 per centum of the total amount of the deficiency (in addition to such deficiency) shall be so assessed, collected, and paid. SEC. 4 . ADDmTIONS TO THE TAx IN CASE OF NONPAYMENT.- (a) TAX SHOWN ON RETURN.- (1) GENERAL RULE. -Where the amount deter- mined by the taxpayer as the tax imposed by this article, or any install- ment thereof, or any part of such amount or installment, is not paid on or before the date prescribed for its payment, there shall be collected as a part of the tax interest upon such unpaid amount at the rate of 6 per centum per annum from the date prescribed for its payment until it is paid. (2) IF EXTENSION GRANrED. -W here an extension of time for pay- ment of the amount so determined as the tax by the taxpayer, or any installment thereof, has been granted, and the amount the time for payment of which has been extended, and the interest thereon deter- mined under section 5 of this title is not paid in full prior to the expira- tion of the period of the extension, then, in lieu of the interest provided for in subsection (a) (1) of this section, interest at the rate of 6 per centum per annum shall be collected on such unpaid amount from the date of the expiration of the period of the extension until it is paid. (b) DEFICIENCY. - W here a deficiency, or any interest or additional amounts assessed in connection therewith under section 2 or under section 3, or any addition to the tax in case of delinquency provided for in section 1 is not paid in full within ten days from the date of assessment thereof, there shall be collected, as part of the tax, interest upon the unpaid amount at the rate of 6 per centum per annum from the date of such notice and demand until it is paid. SEC. 5. TIME EXTENDED FOR PAYMENT OF TAX SHOWN ON RETURN. - If the time for payment of the amount determined as the tax by the taxpayer, or any installment thereof, is extended under the authority of title XII, section 7 (b), there shall be collected, as a part of such Ante.p. a3 amount, interest thereon at the rate of 6 per centum per annum from the date when such payment should have been made if no extension had been granted, until the expiration of the period of the extension. SEC. 6 . PENALTIES. - (a) WILLrUL VIOLATION. -Any person required under this article to pay or collect any tax, or required by law or regl- lations made under authority thereof to mnlke a return, keep any records, or supply any information, for the purposes of this article, who willfully refuses to pay or collect such tax, to make such return, to keep such records, or to supply such information, or who makes a false or fraudulent return, or who willfully attempts in any manner to defeat or evade the tax imposed by this Act, shall, in addition to other penalties provided by law, be guilty of a misdemeanor and shall be fined not more than $5,000 or imprisoned for not more than one year, or both, together with costs of prosecution. All prosecutions rosecution. under this section shall be brought in the Municipal Court of the District of Columbia on information by the Corporation Counsel or one of his assistants in the name of the District. (b) DEFNrrIION OF "PERSON".- The term "person" as used in this title includes an officer or employee of a corporation, or a member or employee of a partnership, who as such officer, employee, or member is under duty to perform the act in respect to which the violation occurs. TITLE XIV-LICENSES SEC. 1. REQUIRFMENT.-NO corporation or unincorporated business, except such corporations or unincorporated businesses as are expressly exempt under the provisions of title II of this article, shall engage Ate, p. M . in or carry on any trade or business in the District without a license 357