Page:United States Statutes at Large Volume 80 Part 1.djvu/98

 62

PUBLIC LAW 89-368-MAR. 15, 1966

[80 STAT.

gift taxes) shall not apply in respect of the assessment or collection of any penalty imposed by subsection (a). " (B) The table of sections of such subchapter B is amended by adding at the end thereof the following: 68A Stat. 852. 26 USC 7205.

Ante, p. 6 1.

Ante, p. 6 1,

26 USC 6015.

26 USC 1-1388.

26 USC 1401^

1403

26 USC 31-48.

"Sec. 6682. False information with respect to withholding allowances based on itemized deductions."

(5) CRIMINAL PENALTY.—Section Y205 (relating to fraudulent withholding exemption certificate or failure to supply information) is amended— (A) by striking out "section 3402(f)" and inserting in lieu thereof "section 3402", and (B) by striking out "any penalty otherwise provided" and inserting in lieu thereof "any other penalty provided by law (except the penalty provided by section 6682)". (6) EFFECTIVE DATE.—The amendments made by paragraphs (1) and (2) of this subsection shall apply only with respect to remuneration paid after December 31, 1966, but only with respect to withholding exemptions based on estimation years beginning after such date. (f)

ing section 3 4 0 2 (f)(3)(B) of the Internal Revenue Code of 1954, a withholding exemption certificate furnished the employer after the date of the enactment of this Act and before May 1, 1966, shall take effect with respect to the first payment of wages made on or after May 1, 1966, or the 10th day after the date on which such certificate is furnished to the employer, whichever is later, and at the election of the employer such certificate may be made effective with respect to any payment of wages made on or after the date on which such certificate is furnished. (g) EFFECTIVE DATE.—The amendments made by this section (other than subsection (e)) shall apply only with respect to remuneration paid after April 30, 1966. SEC. 102. ESTIMATED TAX IN CASE OF INDIVIDUALS. (a) iNCiiliSioN OF SELF-EMPLOYMENT TAX I N ESTIMATED T A X. — Section 6015(c) (relating to definition of estimated tax in the case of an individual) is amended to read as follows: "(c) ESTIMATED TAX.—For purposes of this title, in the case of an individual, the term 'estimated tax' means— "(1) the amount which the individual estimates as the amount of the income tax imposed by chapter 1 for the taxable year, plus "(2) the amount which the individual estimates as the amount Qf ti\e self-employment tax imposed by chapter 2 for the taxable year, minus "(3) the amount which the individual estimates as the sum of any credits against tax provided by part IV of subchapter A of chapter 1." (b)

26 USC 6654.

TRANSITIONAL DETERMINATION STATUS DATE.—Notwithstand-

ADDITION TO TAX FOR UNDERPAYMENT or ESTIMATED T A X. —

(1) Section 665i(a) (relating to addition to the tax foT Underpayment of estimated tax by an individual) is amended by inserting after "chapter 1" the following: "and the tax under chapter 2". (2) Section 6654(d) is amended to read as follows: " (d) EXCEPTION.—Notwithstanding the provisions of the preceding subsections, the addition to the tax with respect to any underpayment of any installment shall not be imi:)osed if the total amount of all pay-

�