Page:United States Statutes at Large Volume 68A.djvu/797

 CH. 62—TIME AND PLACE FOR PAYING TAX

757

CHAPTER 62—TIME AND PLACE FOR PAYING TAX i t

•", •. ' '

SUBCHAPTER A. Place and due date for payment of tax. SUBCHAPTER B. Extensions of time for payment.

Subchapter A—Place and Due Date for Payment of Tax

V

Sec. 6151. Time and place for paying tax shown on returns. Sec. 6152. Installment payments. Sec. 6153. Installment payments of estimated income tax by individuals. Sec. 6154, Installment payments of estimated income tax by corporations. Sec. 6155. Payment on notice and demand. Sec. 6156. Payment of taxes under provisions of the Tariff Act.

SEC. 6151. TIME AND PLACE FOR PAYING TAX SHOWN ON RETURNS. (a) GENERAL RULE. — E x c e p t as otherwise provided in this section,

when a return of tax is required under this title or regulations, the person required to make such return shall, without assessment or notice and demand from the Secretary or his delegate, pay such tax to the principal internal revenue officer for the internal revenue district in which the return is required to be ffied, and shall pay such tax a t the time and place fixed for filing the return (determined without regard to any extension of time for filing the return). (b) EXCEPTIONS.— (1) INCOME TAX NOT COMPUTED BY TAXPAYER.—If the taxpayer

' elects under section 6014 not to show the tax on the return, the amount determined by the Secretary or his delegate as payable shall be paid within 30 days after the mailing by the Secretary or ' making demand therefor. (2) U S E O F GOVERNMENT DEPOSITARIES.—For authority of the
 * his delegate to the taxpayer of a notice stating such amount and

. Secretary or his delegate to require payments to Government depositaries, see section 6302(c). (c) D A T E F IX E D FOR PAYMENT OF T A X. — I n any case in which a tax is required to be paid on or before a certain date, or within a certain period, any reference in this title to the date fixed for payment of such tax shall be deemed a reference to the last day fixed for such payment (determined without regard to any extension of time for paying the tax). SEC. 6152. INSTALLMENT PAYMENTS. (a) PRIVILEGE TO E L E C T TO M A K E INSTALLMENT

PAYMENTS.—

(1) CORPORATIONS.—A corporation subject to the taxes imposed by chapter 1 may elect to pay the unpaid amount of such taxes in installments as follows: (A) with respect to taxable years ending before December 31, 1954, four installments, the first two of which shall be 45 percent, respectively, of such taxes and the last two of which shall be 5 percent, respectively, of such taxes; § 6152(a)(1)(A)

�