Volume 76 · 575
Public Law 87–682
To extend to fishermen the same treatment accorded farmers in relation to estimated income tax.
Approved September 25, 1962
Statutory text
AN ACT
To extend to fishermen the same treatment accorded farmers in relation to estimated income tax.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That
the following
Taxes.
Declaration by fishermen.
provisions of the Internal Revenue Code of 1954 are amended by inserting “or fishing” after “from farming” each place it appears:
Section 6015(f) (relating to treatment of return as declaration
or amendment).
Section 6073(b) (relating to time for filing declarations of
estimated income tax by individuals).
Section 6153(b) (relating to installment payments of estimated income tax by individuals who are farmers).
Subsections (b) and (d)(1)(C) of section 6654 (relating to additions to tax for failure by individual to pay estimated income tax).
Section 6073(a) of the Internal Revenue Code of 1954 (relating to time for filing declarations of estimated income tax by individuals other than farmers) is amended by striking out “individuals not regarded as farmers” and inserting in lieu thereof “individuals regarded as neither farmers nor fishermen”.
The headings of subsections (a) and (b) of section 6073, and subsection (b) of section 6153, of the Internal Revenue Code of 1954 are each amended by inserting “or Fishermen” after “Farmers”.
Sec. 2.
The amendments made by the first section of this Act shall
Effective date.
apply only with respect to taxable years beginning after December 31, 1962.
Approved September 25, 1962.