26 U.S.C. § 7509 — Expenditures incurred by the United States Postal Service
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 118 words · no verdicts yet
At least monthly, the Postmaster General must report the Postal Service’s extra costs of performing Federal Insurance Contributions Act tax duties. The Secretary must advance money from tax-collection appropriations to cover those costs.
The Postmaster General or delegate must at least monthly send the Treasury a statement of the Postal Service’s additional costs, in the District of Columbia and elsewhere, of performing duties imposed on it concerning chapter 21 and the Federal Insurance Contributions Act tax. The Secretary* is authorized and directed to advance, from appropriations for collecting chapter 21 taxes, amounts needed to pay those additional costs.
The Postmaster General or his delegate* shall at least once a month transfer to the Treasury of the United States a statement of the additional expenditures in the District of Columbia and elsewhere incurred by the United States Postal Service in performing the duties, if any, imposed upon such Service with respect to chapter 21, relating to the tax under the Federal Insurance Contributions Act, and the Secretary* shall be authorized and directed to advance from time to time to the credit of the United States Postal Service, from appropriations made for the collection of the taxes imposed by chapter 21, such sums as may be required for such additional expenditures incurred by the United States Postal Service.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 899; Pub. L. 94–455, title XIX, § 1906(a)(52), (b)(13)(A), Oct. 4, 1976, 90 Stat. 1832, 1834.)
- 1954Enacted · Act of Aug. 16, 1954, ch. 736
- 1976Amended · Pub. L. 94-455 · 90 Stat. 1832, 1834
A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.
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