PUBLIC LAW 91-53-AUG. 7, 1969
The tax for any calendar quarter or other period shall be computed as provided in subsection (b) and the tax as so computed shall, except as otherwise provided in subsections (c) and (d), be paid in such manner and at such time as may be provided in regulations prescribed by the Secretary or his delegate. "(b) (COMPUTATION OF TAX.—The tax for any calendar quarter or other period referred to in paragraph (1) or (2) of subsection (a) shall be computed by multiplying the amount of wages (as defined in section 3306(b)) paid in such calendar quarter or other period by the number of percentage points (including fractional points) by which the rate of tax specified in section 3301 exceeds 2.7 percent. "(c)
SPECIAL RULE FOR CALENDAR YEARS 1970
purposes of subsection (a), the tax computed as provided in subsection (b) for any calendar quarter or other period shall be reduced (1) by 66% percent if such quarter or period is in 1970, and (2) by 331/^ percent if such quarter or period is in 1971. " (d) SPECIAL RULE W H E R E ACCUMULATED AMOUNT DOES NOT E X CEED $100.—Nothing in this section shall require the payment of tax 68A Stat. 439; 77 Stat. 5 1. 26 USC 3 3 0 1. 68A Stat. 768.
with respect to any calendar quarter or other period if the tax under section 3301 for such period, plus any unpaid amounts for prior periods in the calendar year, does not exceed $100." (b) ASSESSMENT AUTHORITY.—Section 6201(b) of such Code (relating to assessment authority) is amended to read as follows: " (b) AMOUNT NOT To B E ASSESSED.— "(1) ESTIMATED INCOME TAX.—No unpaid amount of estimated
82 Stat. 260.
26 USC 63116316.
tax under section 6153 or 6154 shall be assessed. "(2) FEDERAL UNEMPLOYMENT TAX.—No unpaid amount of Federal unemployment tax for any calendar quarter or other period of a calendar year, computed as provided in section 6157, shall be assessed." (c) TREATMENT OF QUARTERLY PAYMENT OF FEDERAL UNEMPLOYMENT TAX.—Subchapter B of chapter 64 of such Code is amended
by adding at the end thereof the following new section: "SEC. 6317. PAYMENTS OF FEDERAL UNEMPLOYMENT TAX FOR CALENDAR QUARTER.
26 USC 33013309. 26 USC 6513.
"Payment of Federal unemployment tax for a calendar quarter or other period within a calendar year pursuant to section 6157 shall be considered payment on account of the tax imposed by chapter 23 of such calendar year." (d) T I M E TAX CONSIDERED PAID.—Section 6513 of such Code (relating to time return deemed filed and tax considered paid) is amended by adding at the end thereof the following new subsection: " (e) PAYMENTS OF FEDERAL UNEMPLOYMENT TAX.—Notwithstand-
26 USC 6511.
ing subsection (a), for purposes of section 6511 any payment of tax imposed by chapter 23 which, pursuant to section 6157, is made for a calendar quarter or other period within a calendar year shall, if made before the last day prescribed for filing the return for the calendar year (determined without regard to any extension of time for filing), be considered made on such last day." (e) INTEREST ON UNDERPAYMENTS OR NONPAYMENT OF TAX.—Section
80 Stat. 104.
6601 of such Code (relating to interest on underpayment or nonpayment of tax) is amended by redesignating subsection (k) as subsection (1) and by adding a new subsection (k) to read as follows: " (k) EXCEPTION AS TO FEDERAL UNEMPLOYMENT TAX.—This section shall not apply to any failure to make a payment of tax imposed by section 3301 for a calendar quarter or other period within a taxal3le year required under authority of section 6157."