ACCELERATION OF DEPOSIT REQUIREMENTS FOR GASOLINE EXCISE TAX.

SEC. 7507. ACCELERATION OF DEPOSIT REQUIREMENTS FOR GASOLINE EXCISE TAX. (a) In General.—Section 6302 (relating to mode or time of collection), as amended by section 7502, is amended by redesignating subsection (f) as subsection (g) and by inserting after subsection (e) the following new subsection: “(f) Time for Deposit of Taxes on Gasoline.— “(1) General rule.—Notwithstanding section 518 of the Highway Revenue Act of 1982, any person whose liability for tax under section 4081 is payable with respect to semimonthly periods shall, not later than September 27, make deposits of such tax for the period beginning on September 16 and ending on September 22. “(2) Special rule where due date falls on Saturday, Sunday, or holiday.—If, but for this paragraph, the due date under paragraph (1) would fall on a Saturday, Sunday, or holiday in the District of Columbia, such due date shall be deemed to be the immediately preceding day which is not a Saturday, Sunday, or such a holiday.” (b) Effective Date.—The amendment made by subsection (a) shall apply to payments of taxes for tax periods beginning after December 31, 1989.