# Prop. Treas. Reg. § 1.6302-1: Deposit rules for corporation income and estimated income taxes and certain taxes of tax-exempt organizations.

Proposed regulation, not in force. REG-153340-09, 75 FR 51707, published 2010-08-23 <https://www.federalregister.gov/documents/2010/08/23/2010-20737/electronic-funds-transfer-of-depository-taxes>. Interprets 26 U.S.C. § 6302.

Par. 3. Section 1.6302-1 is amended by: 1. Revising the heading. 2. Revising paragraph (a). 3. Removing paragraph (b)(1) and redesignating paragraph (b)(2) as paragraph (b). 4. Removing paragraph (c). 5. Redesignating paragraph (d) as paragraph (c). 6. Adding paragraph (d). The revisions and additions read as follows:

(a) Requirement. A corporation, any organization subject to the tax imposed by section 511, and any private foundation subject to the tax imposed by section 4940 shall deposit all payments of tax imposed by chapter 1 of the Internal Revenue Code (or treated as so imposed by section 6154(h)), including any payments of estimated tax, on or before the date otherwise prescribed for paying such tax. This paragraph (a) does not apply to a foreign corporation or entity that has no office or place of business in the United States.

(b) Deposits by electronic funds transfer. * * *

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(d) Effective/applicability date. This section applies to deposits and payments made after the date that final regulations are published in the Federal Register , but no earlier than January 1, 2011.