Page:United States Statutes at Large Volume 45 Part 1.djvu/910

 SEVENTIETH CONGRESS. Sxss. I. Ca. 852. 1928 . 859 (c) Fiduciaries .-For any p eriod an es tate is held by a fid uciar y INCO ME TAX appointed by order of any court of competent jurisdiction or by by fiduciaies . payable will, there shall be collected interest at the rate of 6 per centum per annum in lieu of the interest provided in subsections (a) and (b) of this section. C111 Not applicable to (d) Filing of jeopardy bond .-If a bond is filed, as provid ed in amount covered by section 273, the provisions of subsections (b) and (c) of this section jeopardy b ond. Ante, p. 855. shall not apply to the amount covered by the bond. Ti me ex ten ded for SEC. 29 95. TIME EXTENDED FOR PAYMENT OF TAX SHOWN ON pa rm nt of tax shown RETURN. Interest to be col- If the time for pa yme nt of the amount det er min ed as the tax by lected. the taxpayer, or any installment thereof, is extended under the authority of section 56(c), there shall be collected as a part of such 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. 296. T IME EXTENDED FOR PAYMENT OF DEFICIENCY. Ti me ex ten ded for Pay ment of d efici ency . If the time for the payment of any part of a deficiency is extended, Interest for period of there shall be collected, as a part of the tax, interest on the part of extension , the deficiency the time for payment of which is so extended, at the rate of 6 per centum per annum for the period of the extension, and no other interest shall be collected on such part of the deficiency for such period. If the part of the deficiency the time for payment of Additional, if not which is so ex tended i s not pa id in ac cordance with th e terms of the pad. extension, there shall be collected, as a part of the tax, interest on such unpaid amount at the rate of 1 per centum a month for the period from the time fixed by the t erms of the exte nsion for its payment until it is paid, and no other interest shall be collected on suc h unp aid am ount for such period. SEC. 297. INTE REST IN C ASE OF J EOPAR DY ASSESSMENTS. assessments . jeopardy In the case of the amount collected under section 273 (i) there shall Ra te , on amount be collected at the same time as such amount, and as a part of the Ante, p. 855. tax, i nterest at the r ate of 6 per cen tum per annum up on such amount from the date of the jeopardy notice and demand to the date of notice and demand under section 273(i), or, in the case of the amount collect ed in ex cess of the amou nt of th e jeopar dy asses sment, interest as provided in section 292. If the amount included in the Additional, If amount of deficiency notice and demand from the collector unde r sect ion 2 73(i) is not not paid in full. paid in full within ten days after such notice and demand, then there shall be collected, as part of the tax, interest upon the unpaid amount at the rate of 1 per centum a month (or, for any period the estate of the tax paye r is hel d by a f iduc iary app oint ed by any co urt of competent jurisdiction or by will, at the rate of 6 per centum per annum) fro m the d ate of such notice and demand unt il it is paid. SEC. 298. BANKRUPTCY AND RECEIVERSHIPS. 'Bankruptcy and re- ceiverships, If the unpaid portion of the claim allowed in a bankruptcy or eIIaeinana if not paid receivership proceeding, as provided in section 274, is not paid in Ante, p. 856, full within 10 days from the da te of notice and demand fr om the collector, then there shall be collected as a part of such amount intere st upon the unpa id porti on there of at th e rate o f 1 per centum a month from the d ate of such notice and dema nd until payment. 54835' -29-FT 1-55

�