Page:United States Statutes at Large Volume 43 Part 1.djvu/324

 SIXTY-EIGHTH CONGRESS. Sess. I. Ch. 234. 1924. 293 When necessaryto make effective the rovisions of this section the ¤*°°¤ nxname and address of the recipient of indbme shall be furnished upon d¤1¤iI¤’iIiriimd°dd!°sS°° demand of the person paying the income. The provisions of this section shall not apply to the payment of rxgin Sgeliihiigii W interest on obligations of the United States. nnrunus TO BE runmc nnconns. P‘“’"°‘°"· Src. 257. (a) Returns upon which the tax has been determined by ,S.,l?§‘§T““°b° ‘“"’"° the Commissioner shall constitute public records; but they shall be I¤sP¢°*i°¤*°¤"'°*°d· open to inspection only upon order of the Presidentand under rules and regulations prescribed by the Secretary and approved by the _ President: Provided, That the Committee on Ways and Means of ii':°a"ei'6m,¢¤mmthe House of Representatives, the Committee on Finance of the Sen- gighed ¤>¤¤¤**¤¤¤¤ °' ate, or a special committee of the Senate or House, shall have the mms` right to ca on the Secretaiéy of the Treasury for, and it shall be his duty to furnish, any data 0 any character contained in or shown by the returns or any of them, that may be required by the committee; Inspection by comand any such committee shall have the right, acting directly as a mm°°”'°t°' committee, or by and through such examiners or agents as it may designate or appoint, to inspect all or any of the returns at suc times and in such manner as it may determine; and any relevant or useful information thus obtained ma be submitted by} the committee obtaining it to the Senate or the Ifbuse, or to both the Senate and. House, as the case may be: Provided further, That the proper officers °,§c‘f,°t§‘§Q“§;;;§r§§{},”§ of any State may, upon the request of the governor thereof, have wwwaccess to the returns of any coiiporation, or to an abstract thereof showing the name and income o the corporation, at such times and in such manner as the Secretary may prescribe: Provided further, Shmholdemmowm That all bona fide shareholders of record owning 1 per centum or to examine income as more of the outstanding stock of any corporation shall, upon mak-  °'“‘°" "°”’°’°' ing request of the Commissioner, be allowed to examine the annual Punishment M m_ income returns of such corporation and of its subsidiaries. Any aunionzeumvuigiuger shareholder who pursuant to the provisions of this section is allowed ""°""“"°“"°'“· to examine the return of any corporation, and who makes known in any manner whatever not provided by law the amount or source of income, profits, losses, expenditures, or anymparticular thereof, set forth or disclosed in any such return, shall guilty of a misdemeanor and be punished by a fine not exceeding $1,000 or by imprxsonment not exceeding one ear, or both. _ LM M imma m_ (b) The Commissioner shall, as soon as practicable in_ each year pam to pe qmpiéeu cause to be prepared and made available to public inspection in such ,}}§,§{‘,’,‘;,°°‘°,.,‘f“ “‘ ° °° manner as he ma determine, in the office of the collector in each internal-revenue district and in such other places as he may determine, lists containing the name and the post-office address of each person makin an income·tax return in such district, together with the amount og the income tax paid by such person. · runmoarxou or srxrrsrxcs. Swami Annual publication Sec. 258. The Commissioner, with the approval of the Secretary, ?;gQ¤gm<;gg;;f°¤· shall prepare and publish annually statistics reasonably availab e " with respect to the operation of the income, war-profits and_exee$- profits tax laws, including classifications of taxpayers  of income. the amounts allowed as deductions, exemptions, and credits, and any other facts deemed pertinent and valuable. Collection of |'¤¤k¤ connncmox or ronmoiw rrmus, *°¤¤¤· Src. 259. All persons undertaking as a matter of business or for ¤u•¤u¤$; prodt the collection of foreign payments of interest or dividends by ’°'”·‘” °"‘°"