Rev. Proc. 66-19

SECTION 1. PURPOSE.

The purpose of this Revenue Procedure is to announce that on January 27, 1966, the Internal Revenue Service granted an extension of time until February 28, 1966, for the filing of returns on Form 940, Employer's Annual Federal Unemployment Tax Return, under the Federal Unemployment Tax Act for the calendar year 1965 by employers who file the returns with district directors located in the State of New York and who normally would have been required to file such returns on or before January 31, 1966.

SEC. 2. BACKGROUND.

This extension of time, granted because of the effect of a New York City transit strike, parallels a similar action by the State of New York which granted employers an extension of time for filing State contribution reports.

SEC. 3. APPLICATION.

The extension is limited to those employers who file returns on Form 940 with district directors located in the State of New York. The districts in New York are designated as the Manhattan, Brooklyn, Albany, and Buffalo districts. Pursuant to section 3302(a) of the Internal Revenue Code of 1954 and subject to the overall limit on total credits specified in section 3302(c) of the Code, taxpayers who are required to file returns in such districts will be allowed full credit against the Federal tax in respect of contributions for calendar year 1965 which are paid on or before February 28, 1966, into the unemployment fund of any State and the Commonwealth of Puerto Rico. Such credit will be allowed whether or not the taxpayer takes advantage of the extension of time for filing the Federal return.

SEC. 4. INQUIRIES.

Any inquiries concerning this Revenue Procedure should refer to its number and be addressed to the appropriate office of the District Director of Internal Revenue.