Par. 5. Section 1.6302-3 is amended by: 1. Revising the heading. 2. Revising paragraph (a). 3. Revising paragraph (c). 4. Adding paragraph (d). The revisions and additions read as follows:
(a) Requirement. A bank or other financial institution described in paragraph (b) of this section shall deposit all payments of estimated tax under section 6654(l) with respect to trusts for which such institution acts as a fiduciary by the date otherwise prescribed for paying such tax in the manner set forth in published guidance, forms and instructions.
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(c) Cross-references. For the requirement to deposit estimated tax payments of taxable trusts by electronic funds transfer, see § 31.6302-1(h) of this chapter.
(d) Effective/applicability date. This section applies to payments made after the date that final regulations are published in the Federal Register , but no earlier than January 1, 2011.