To amend the Internal Revenue Code of 1986 to eliminate unnecessary paperwork burdens on government and small businesses by reducing the number of excise tax returns filed by small taxpayers that pay the Federal excise tax on wines and beer.

April 6, 2005

Mr. BINGAMAN (for himself and Mr. SMITH) introduced the following bill; which was read twice and referred to the Committee on Finance

To amend the Internal Revenue Code of 1986 to eliminate unnecessary paperwork burdens on government and small businesses by reducing the number of excise tax returns filed by small taxpayers that pay the Federal excise tax on wines and beer.

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 Business Act of 2005'.

SEC. 2. PAPERWORK REDUCTION FOR 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 redesignating paragraphs (4) and (5) as paragraphs (5) and (6), respectively, and by inserting after paragraph (3) the following new paragraph:

`(4) TAXPAYERS LIABLE FOR TAXES OF NOT MORE THAN $50,000-

`(A) IN GENERAL- In the case of any taxpayer who reasonably expects to be liable for not more than $50,000 in taxes imposed on wines and beer under subparts C and D for the calendar year and who was liable for not more than $50,000 in such taxes in the preceding calendar year, the last day for the payment of tax shall be the 14th day after the last day of the calendar quarter during which withdrawal occurs.

`(B) NO APPLICATION AFTER LIMIT EXCEEDED- Subparagraph (A) shall not apply to any taxpayer for any portion of the calendar year following the first date on which the aggregate amount of tax due under subparts C and D from such taxpayer during such calendar year exceeds $50,000, and any tax under such subparts which has not been paid on such date shall be due on the 14th day after the last day of the semimonthly period in which such date occurs.

`(C) CALENDAR QUARTER- For purposes of this paragraph, the term `calendar quarter' means the three month period ending on March 31, June 30, September 30, or December 31.'.

(b) Effective Date- The amendments made by this section shall take effect 90 days after the date of the enactment of this Act.

END