Page:United States Statutes at Large Volume 96 Part 1.djvu/629

 PUBLIC LAW 97-248—SEPT. 3, 1982 SFX:.

303. RETURNS REGARDING PAYMENTS PAYMENTS OF INTEREST.

OF

96 STAT. 587

DIVIDENDS

AND

(a) D IV I D E N D S. —

(1) IN GENERAL. — Paragraph (1) of subsection 6042(a) (relating 26 USC 6042. to r e t u r n s r e g a r d i n g payments of dividends) is amended— (A) by striking o u t " o r " a t the end of subparagraph (A), (B) by inserting " o r " a t the end of subparagraph (B), (C) by inserting after subparagraph (B) the following new subparagraph: "(C) who is required to withhold tax under section 3451 Ante, p. 576. on any payment of dividends,", (D) by striking out the period a t the end thereof, and (E) by inserting the following a t the end thereof ", and, in the case of a payment upon which tax is withheld, the a m o u n t of tax withheld." (2) STATEMENTS.—Section 6042(c) (relating to statement s to be furnished to persons with respect to whom information is furnished) is amended— (A) by striking o u t " and " a t the e n d of paragraph (1), (B) by striking out the period a t the end of paragraph (2) and inserting in lieu thereof ", and ", (C) by inserting after paragraph (2) the following paragraph: "(3) the a m o u n t of tax withheld under section 3451.", and (D) by striking o u t " N o statement " in the last sentence thereof and inserting in lieu thereof "Except in the case of a r e t u r n required by reason of subparagraph (C) of subsection (a)(1), no statement ". (3)

DUPLICATE

FILED

WITH

SECRETARY.—Section

6042

is

amended by adding a t the end thereof the following new subsection: "(e) DUPLICATE O F SUBSECTION (C) STATEMENT M A Y B E REQUIRED To B E FILED W I T H SECRETARY.—A d u p l i c a t e of any statement m a d e

pursuant to subsection (c) which is required to set forth a n a m o u n t withheld under section 3451 shall, when required by regulations prescribed by the Secretary, be filed with the Secretary." (b) INTEREST.—Section 6049 (relating to r e t u r n s regarding payments of interest) is amended by adding a t the end thereof the following new subsection:

Post, p. 591.

"(e) DUPLICATE OF SUBSECTION (C) STATEMENT M A Y B E REQUIRED To B E FILED W I T H SECRETARY.—A d u p l i c a t e of any statement m a d e

pursuant to subsection (c) which is required to set forth a n a m o u n t withheld under section 3451 shall, when required by regulations prescribed by the Secretary, be filed with the Secretary." SEC. 301. RETURNS REGARDING PAYMENTS OF PATRONAGE DIVIDENDS.

(a) IN GENERAL. — Paragraph (1) of subsection 6044(a) is amended to read as follows: "(1) IN GENERAL.—Except as otherwise provided in this section, every cooperative to which part I of subchapter T of chapter 1 applies which— "(A) m a k e s payments of a m o u n t s described in subsection (b) aggregating $10 or more to any person during any c a l e n d a r year, or "(B) is required to withhold any tax under section 3451, shall m a k e a r e t u r n according to the forms or regulations prescribed by the Secretary, setting forth the aggregate a m o u n t

26 USC 6044.

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