Page:United States Statutes at Large Volume 83.djvu/756

 728

PUBLIC LAW 91-172-DEC. 30, 1969

[83 STAT.

reduced by the amount of any part of the tax which is paid on or before the beginning of such month and by the amount of any credit against the tax which may be claimed on the return, and "(3) subsection (a)(3), the amount of tax stated in the notice and demand shall, for the purpose of computing the addition for any month, be reduced by the amount of any part of the tax which is paid before the beginning of such month. "(c)

LIMITATIONS AND SPECIAL RULE. — "(1) ADDITIONS UNDER MORE THAN ONE PARAGRAPH.—

" (A) With respect to any return, the amount of the addition under paragraph (1) of subsection (a) shall be reduced by the amount of the addition under paragraph (2) of subsection (a) for any month to which an addition to tax applies under both paragraphs (1) and (2). " (B) With respect to any return, the maximum amount of the addition permitted under paragraph (3) of subsection (a) shall be reduced by the amount of the addition under paragraph (1) of subsection (a) which is attributable to the tax for which the notice and demand is made and which is not paid within 10 days of notice and demand. "(2)

26 USC 6015. 82 Stat. 260. 68Astat. 826.

BE SHOWN.—If the amount required to be shown as tax on a return is less than the amount shown as tax on such return, subsections (a)(2) and (b)(2) shall be applied by substituting such lower amount. " (d) EXCEPTION FOR DECLARATIONS OF ESTIMATED TAX.—This section snail not apply to any failure to file a declaration of estimated (.g^x required by section 6015 or to pay any estimated tax required to be paid by section 6153 or 6154." (b) FAILURE To MAKE DEPOSIT OF TAX.—Section 6656(a) (relating to penalty for failure to make deposit of taxes) is amended by striking out the first sentence and inserting in lieu thereof the following: " I n case of failure by any person required by this title or by regulation of the Secretary or his delegate under this title to deposit on the date prescribed therefor any amount of tax imposed by this title in such government depositary as is authorized under section 6302(c) to receive such deposit, unless it is shown that such failure is due to reasonable cause and not due to willful neglect, there shall be imposed upon such person a penalty of 5 percent of the amount of the underpayment." (c)

72 Stat. 1044.

79 Stat. 386. 72 Stat. 1410.

AMOUNT OF TAX SHOWN MORE THAN AMOUNT REQUIRED TO

CONFORMING AMENDMENTS.—

(1) Section 3121(k)(1)(F)(i) Trelatingto definitions of waiver of exemption by religious, charitable, and certain other organizations) is amended by inserting "or pay tax" after "tax return". (2) Section 3121(k)(1)(G)(i) (relating to definitions of waiver of exemption by religious, charitable, and certain other organizations) is amended by inserting "or pay tax " after "tax return". (3) Section 3121(k)(1)(H)(i) (relating to definitions of waivers of exemption by religious, charitable, and certain other organizations) is amended by inserting "or pay tax" after "tax return". ^4^ Section 5684(d)(2) (relating to cross references for penalties relating to the payment and collection of liquor taxes) is amended by inserting "or pay tax" after "tax return".

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