TEMPORARY INCREASE IN AMOUNT OF CORPORATE ESTIMATED TAX PAYMENTS.

SEC. 201. TEMPORARY INCREASE IN AMOUNT OF CORPORATE ESTIMATED TAX PAYMENTS. (a) General Rule.— Subsection (d) of section 6655 (relating to amount of required installment) is amended by adding at the end thereof the following new paragraph: “(3) Temporary increase in amount of installment based on current year tax.— In the case of any taxable year beginning after 1991 and before 1997— “(A) Paragraph (l)(B)(i) and subsection (e)(3)(A)(i) shall be applied by substituting for ‘90 percent’ each place it appears the current year percentage determined under the following table: In the case of a taxable year beginning in: The current year percentage is: 1992 ....................................................... 93 1993 or 1994 .......................................... 94 1995 or 1996 .......................................... 95 “(B) Appropriate adjustments to the table contained in subsection (e)(2)(B)(ii) shall be made to reflect the provisions of subparagraph (A).” (b) Conforming Amendment.— Paragraph (1) of section 6655(e) is amended by striking “modified by subsection (d)(2)” and inserting “modified by paragraphs (2) and (3) of subsection (d)”. 105 STAT. 1690 (c) Effective Date.— The amendments made by subsection (a) shall apply to taxable years beginning after December 31, 1991.