109th CONGRESS
1st Session
H. R. 1520
To amend the Internal Revenue Code of 1986 to provide for the tax
on distilled spirits, wine, and beer to be collected quarterly from certain
small taxpayers.
IN THE HOUSE OF REPRESENTATIVES
April 6, 2005
Mr. LEWIS of Kentucky introduced the following bill; which was referred to
the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to provide for the tax
on distilled spirits, wine, and beer to be collected quarterly from certain
small taxpayers.
Be it enacted by the Senate and House of Representatives of the United
States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Paperwork Relief for Small Businesses Act of
2005'.
SEC. 2. TAX ON DISTILLED SPIRITS, WINE, AND BEER COLLECTED QUARTERLY FROM
SMALL TAXPAYERS.
(a) In General- Subsection (d) of section 5061 of the Internal Revenue Code
of 1986 (relating to time for collecting tax on distilled spirits, wines,
and beer) is amended by adding at the end the following new paragraph:
`(6) QUARTERLY PAYMENTS FROM SMALL TAXPAYERS-
`(A) IN GENERAL- In the case of a small taxpayer, paragraphs (1), (2),
and (3) shall each be applied by substituting `calendar quarter' for `semimonthly
period' each place it appears therein.
`(B) SMALL TAXPAYER- For purposes this paragraph, the term `small taxpayer'
means any person for any calendar year if--
`(i) such person reasonably expects (as of the beginning of the calendar
year) $50,000 or less to be due from such person under this subsection
during such calendar year, and
`(ii) $50,000 or less was due from such person under this subsection
during the previous calendar year.
`(C) NO APPLICATION AFTER LIMIT EXCEEDED- Subparagraph (A) shall not apply
to any small taxpayer for any portion of the calendar year following the
first date on which the aggregate amount of tax due under this subsection
from such person during such calendar year (determined after application
of subparagraph (A)) exceeds $50,000.
`(D) COORDINATION WITH SPECIAL RULE FOR SEPTEMBER- Paragraph (4) shall
not apply to taxes for any period which is included in a calendar quarter
with respect to which this paragraph applies.'.
(b) Effective Date- The amendments made by this section shall take effect
on December 31, 2005.
END
