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.

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))