A bill to amend the Internal Revenue Code of 1954 to provide an automatic deferment of Federal tax liability where a small business concern is owed money by the United States for goods and services furnished by such concern.

Provides, under the Internal Revenue Code of 1954, for an automatic deferment of Federal tax liability where a small business concern is owed money by the United States for goods and services furnished by such concern. (Adds 26 U.S.C. 6158)