Sec. 4. Reduction of deposit required for certain excise taxes
157 words·~1 min read·
/bill/116/s/4041/is/section-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If any person is required under section 6302 of the Internal Revenue Code of 1986 to make any deposit of taxes imposed under part III of subchapter A of chapter 32 of such Code which is due after the date of enactment of this Act and before January 1, 2021, such person shall be required to make such deposit in an amount which is equal to 25 percent of the amount which would otherwise be required under section 6302 of such Code with respect to such taxes (as determined without regard to this subsection).
For purposes of any appropriation required to be made to any trust fund under subchapter A of chapter 98 of the Internal Revenue Code of 1986 which is based on the amount of any taxes received in the Treasury under part III of subchapter A of chapter 32 of such Code, such amount shall be determined as if subsection
(a)did not apply.