Internal Revenue Code:(Sec. 3451 to 3456. Repealed. Pub. L. 98-67, title I, Sec. 102(a), Aug. 5, 1983, 97 Stat. 369)

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Location in Internal Revenue Code

     TITLE 26 - INTERNAL REVENUE CODE
      Subtitle C - Employment Taxes
       CHAPTER 24 - COLLECTION OF INCOME TAX AT SOURCE ON WAGES
     

Statute

    (Sec. 3451 to 3456. Repealed. Pub. L. 98-67, title I, Sec. 102(a),
        Aug. 5, 1983, 97 Stat. 369)
 

Miscellaneous

      Section 3451, Pub. L. 97-248, title III, Sec. 301, Sept. 3, 1982,
    96 Stat. 576, set forth withholding requirements respecting income
    tax collected at source on interest, dividends, and patronage
    dividends.
      Section 3452, Pub. L. 97-248, title III, Sec. 301, Sept. 3, 1982,
    96 Stat. 577, related to exemptions from withholding requirements.
      Section 3453, Pub. L. 97-248, title III, Sec. 301, Sept. 3, 1982,
    96 Stat. 579; Pub. L. 97-354, Sec. 3(i)(1), Oct. 19, 1982, 96 Stat.
    1690, defined ''payor''.
      Section 3454, Pub. L. 97-248, title III, Sec. 301, Sept. 3, 1982,
    96 Stat. 580; Pub. L. 97-354, Sec. 3(i)(2), (3), Oct. 19, 1982, 96
    Stat. 1690; Pub. L. 97-424, title V, Sec. 547(b)(3), Jan. 6, 1983,
    96 Stat. 2200, defined the terms ''interest'', ''dividend'', and
    ''patronage dividend''.
      Section 3455, Pub. L. 97-248, title III, Sec. 301, Sept. 3, 1982,
    96 Stat. 583, set forth definitions and other special rules.
      Section 3456, Pub. L. 97-248, title III, Sec. 301, Sept. 3, 1982,
    96 Stat. 585, set forth administrative provisions.
                       EFFECTIVE DATES; SPECIAL RULES
      Pub. L. 97-248, title III, Sec. 308, Sept. 3, 1982, 96 Stat. 591,
    which provided that the amendments made by sections 301 to 308
    (enacting subchapter B (Sec. 3451-3456) of chapter 24 of this title
    and amending sections 31, 274, 275, 643, 661, 3403, 3502, 3507,
    6013, 6015, 6042, 6044, 6049, 6051, 6365, 6401, 6413, 6654, 6682,
    7205, 7215, 7654, and 7701 of this title) would apply to payments
    of interest, dividends, and patronage dividends paid or credited
    after June 30, 1983, provided for the delay in applications for
    payors unable to comply with the requirements of such provisions
    without undue hardship, provided a temporary rule for certain
    withholding exemptions, and provided for delays in making deposits,
    was repealed by Pub. L. 98-67, title I, Sec. 102(a), Aug. 5, 1983,
    97 Stat. 369.
              REPEAL OF WITHHOLDING ON INTEREST AND DIVIDENDS
      Pub. L. 98-67, title I, Sec. 102(a)-(d), Aug. 5, 1983, 97 Stat.
    369, as amended by Pub. L. 99-514, Sec. 2, Oct. 22, 1986, 100 Stat.
    2095, provided that:
      ''(a) In General. - Subtitle A of title III of the Tax Equity and
    Fiscal Responsibility Act of 1982 (relating to withholding of tax
    from interest and dividends) (subtitle A (Sec. 301-308) of title
    III of Pub. L. 97-248, which enacted this section and sections 3452
    to 3456 of this title, amended sections 31, 274, 275, 643, 661,
    3403, 3502, 3507, 6013, 6015, 6042, 6044, 6051, 6365, 6401, 6413,
    6654, 6682, 7205, 7215, 7654, and 7701 of this title and enacted
    provisions set out as a note above) is hereby repealed as of the
    close of June 30, 1983.
      ''(b) Conforming Amendment. - Except as provided in this section,
    the Internal Revenue Code of 1986 (formerly I.R.C. 1954) shall be
    applied and administered as if such subtitle A (and the amendments
    made by such subtitle A) had not been enacted.
      ''(c) Repeal Not To Apply to Amounts Deducted and Withheld Before
    September 2, 1983. -
        ''(1) In general. - If, notwithstanding the repeal made by
      subsection (a) (and the provisions of subsection (b)), an amount
      is deducted and withheld before September 2, 1983, under
      subchapter B of chapter 24 of the Internal Revenue Code of 1986
      (as in effect before its repeal by subsection (a)), the repeal
      made by subsection (a) (and the provisions of subsection (b))
      shall not apply to the amount so deducted and withheld.
        ''(2) Election to have paragraph (1) not apply. - Paragraph (1)
      shall not apply with respect to any payor who elects (at the time
      and in the manner prescribed by the Secretary of the Treasury or
      his delegate) to have paragraph (1) not apply.
      ''(d) Estimated Tax Payments. - For purposes of determining the
    amount of any addition to tax under section 6654 of the Internal
    Revenue Code of 1986 with respect to any installment required to be
    paid before July 1, 1983, the amount of the credit allowed by
    section 31 of such Code for any taxable year which includes any
    portion of the period beginning July 1, 1983, and ending December
    31, 1983, shall be increased by an amount equal to 10 percent of
    the aggregate amount of payments -
        ''(1) which are received during the portion of such taxable
      year after June 30, 1983, and before January 1, 1984, and
        ''(2) which (but for the repeal made by subsection (a)) would
      have been subject to withholding under subchapter B of chapter 24
      of such Code (determined without regard to any exemption
      described in section 3452 of such subchapter B).''