A bill to amend the Internal Revenue Code of 1954 to relieve small employers from the requirement of paying or depositing certain employment taxes more often than once each month.

[AI summary unavailable — showing source text] Provides, under the Internal Revenue Code, that in the case of an employer whose withholding taxes and taxes on wages paid by employers does not exceed $16,000, the old age, survivors', and disability insurance, and Federal income tax withholding payments shall not be required more than once each month. (Adds 26 U.S.C. 6302(d))…