Internal Revenue Code:Sec. 7503. Time for performance of acts where last day falls on Saturday, Sunday, or legal holiday

From TaxAlmanac

Location in Internal Revenue Code

     TITLE 26 - INTERNAL REVENUE CODE
      Subtitle F - Procedure and Administration
       CHAPTER 77 - MISCELLANEOUS PROVISIONS
     

Statute

    Sec. 7503. Time for performance of acts where last day falls on
        Saturday, Sunday, or legal holiday
 
      When the last day prescribed under authority of the internal
    revenue laws for performing any act falls on Saturday, Sunday, or a
    legal holiday, the performance of such act shall be considered
    timely if it is performed on the next succeeding day which is not a
    Saturday, Sunday, or a legal holiday.  For purposes of this
    section, the last day for the performance of any act shall be
    determined by including any authorized extension of time; the term
    ''legal holiday'' means a legal holiday in the District of
    Columbia; and in the case of any return, statement, or other
    document required to be filed, or any other act required under
    authority of the internal revenue laws to be performed, at any
    office of the Secretary or at any other office of the United States
    or any agency thereof, located outside the District of Columbia but
    within an internal revenue district, the term ''legal holiday''
    also means a Statewide legal holiday in the State where such office
    is located.
 

Sources

    (Aug. 16, 1954, ch. 736, 68A Stat. 896; Pub. L. 94-455, title XIX,
    Sec. 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.)
 

Miscellaneous

                                 AMENDMENTS
      1976 - Pub. L. 94-455 struck out ''or his delegate'' after
    ''Secretary''.
     APPLICABILITY OF THIS SECTION FOR PURPOSES OF SECTION 10222(B) OF
                              PUB. L. 100-203
      Pub. L. 100-647, title VI, Sec. 6278, Nov. 10, 1988, 102 Stat.
    3754, provided that: ''Section 7503 of the 1986 Code shall apply
    for purposes of determining whether any disposition meets the
    requirements of section 10222(b)(2)(B) of the Revenue Act of 1987
    (Pub. L. 100-203, set out as a note under section 301 of this
    title).  If any disposition meets the requirements of such section
    by reason of the preceding sentence, for all purposes of the 1986
    Code, such disposition shall be deemed to have occurred on December
    31, 1988.''
 

References

                   SECTION REFERRED TO IN OTHER SECTIONS
      This section is referred to in sections 5061, 5703, 7851 of this
    title.