26 U.S.C. § 1463
§ 1463. Tax paid by recipient of income
No plain-English explainer yet. Below is the official text. Explainers are being added section by section.
History
Part of the code since 1954. Last changed August 20, 1996 by the Small Business Job Protection Act of 1996.
Every change, newest first (3)
- August 20, 1996Small Business Job Protection Act of 1996
- December 19, 1989Omnibus Budget Reconciliation Act of 1989
- August 16, 1954Internal Revenue Code of 1954 (original text)
The law as written
Current through Public Law 119-102. Amendment notes omitted.
If—
any person, in violation of the provisions of this chapter, fails to deduct and withhold any tax under this chapter, and
thereafter the tax against which such tax may be credited is paid,
the tax so required to be deducted and withheld shall not be collected from such person; but this section shall in no case relieve such person from liability for interest or any penalties or additions to the tax otherwise applicable in respect of such failure to deduct and withhold.