; due date For purposes of this subsection— (A) Reporting period The term reporting period means with, respect to any taxable year, the period beginning on the 1st day of the taxable year and ending on the 15th day of the 4th month following the close of the taxable year. (B) Due date Any return under paragraph (1) with respect to any taxable year shall be included with the return of income tax for such taxable year. . (b) Penalty for failure to report Section 6652 , as amended by subtitle E of this Act, is amended by adding at the end the following new subsection: (r) Failure to file returns by corporations eligible for dividends paid deduction (1) Penalty for failure to file return In the case of a failure to make a return required under section 242(d) containing the information required by such section by the due date for the return, the eligible corporation shall pay (on notice and demand by the Secretary and in the same manner as tax) a penalty of $1,000 per day for each day such failure continues unless it is shown that such failure is due to reasonable cause. The maximum amount of the penalty under this paragraph with respect to any failure for a taxable year shall not exceed $250,000. (2) Eligible corporation For purposes of this subsection, the term eligible corporation has the meaning given such term by section 242(c). . (c) Dividends paid deduction allowable only in taxable year of dividend payment (1) In general Subsection (d) of section 172 , as amended by section 11011, is amended by adding at the end the following new paragraph: (9) Dividends paid deduction The deduction under section 242 shall not be allowed. . (2) Treatment of carrybacks and carryovers Subparagraph (A) of section 172(b)(2), as amended by section 13302, is amended by striking and (5) and inserting (5), and (8) . (d) Other conforming amendments Part VIII of subchapter B of chapter 1 is amended— (1) by striking the table of sections and inserting the following: VIII Special deductions for corporations Subpart A. Allowance of special