REVISED WITHHOLDING CERTIFICATES REQUIRED TO BE PUT INTO EFFECT MORE PROMPTLY.

SEC. 10302. REVISED WITHHOLDING CERTIFICATES REQUIRED TO BE PUT INTO EFFECT MORE PROMPTLY. (a) General Rule.— Subparagraph (B) of section 3402(f)(3) (relating to when certificate takes effect) is amended to read as follows: “(B) Furnished to take place of existing certificate.— “(i) In general.— Except as provided in clauses (ii) and (iii), a withholding exemption certificate furnished to the employer in cases in which a previous such certificate is in effect shall take effect as of the beginning of the 1st payroll period ending (or the 1st payment of wages made without regard to a payroll period) on or after the 30th day after the day on which such certificate is so furnished. “(ii) Employer may elect earlier effective date.— At the election of the employer, a certificate described in clause (i) may be made effective beginning with any payment of wages made on or after the day on which the certificate is so furnished and before the 30th day referred to in clause (i). “(iii) Change of status which affects next year.— Any certificate furnished pursuant to paragraph (2)(C) shall not take effect, and may not be made effective, with respect to any payment of wages made in the calendar year in which the certificate is furnished.” (b) Effective Date.— The amendment made by subsection (a) shall apply to certificates furnished after the day 30 days after the date of the enactment of this Act.