Page:United States Statutes at Large Volume 45 Part 1.djvu/918

 SEVENTIETH CONGRESS. SESS. I. CH. 852. 1928 . 867 revenue tax thereon, such exemption to be allowed under such rules and regulations as the Secretary of the Treasury may prescribe ." (b) This section shall take effect on the expiration of thirty days Effective in 30 days . after the enactment of this Act . PART IV-SPECIAL TAXES SEC. 431 . TAX ON USE OF FOREIGN BUILT BOATS . Foreign-built boats . Tax on, repealed . Section 702 of the Revenue Act of 1926 (imposing a tax on the vol. 44, p. 95, re. use of certain foreign-built boats) is repealed, to take effect July 1, peale d . 1928 . SEC. 432. TAX ON NARCOTICS . The fourth paragraph of section 1 of the Act entitled "An Act to Tax al 44, p ss, ame nd- provide for the registration of, with collectors of internal revenue, ed. and to impose a special tax upon all persons who produce, import, manufacture, compound, deal in, dispense, sell, distribute, or give away opium or coca leaves, their salts, derivatives, or preparations, and fo r oth er pu rposes ," ap proved Dece mber 17, 1914, as amended, is amended to read as follows, effective July 1, 1928 : " Importers, manufacturers, producers, or compounders, $24 a Ra tes. ye a r ; whol esale dealers, $12 a year ; retail dealers, $3 a year ; phy- sicians, dentist s, veter inary su rgeons, and othe r practit ioners l aw- fully en titled t o distri bute, di spense, give awa y, or adm inister any of the aforesaid drugs to patients upon whom they in the course of their professional practice are in attendance, shall pay $1 each year o r fra ction there of du ring w hich they engage in any of such Fraction of a year. activities. " SPECIAL TARES PART V-STAMP TAXES STAMP TAXES SEC. 441. I NSTR UMENT S OF AGRI CULT URAL COOP ERAT IVE A SSO- Agricultural cooper . CIA TI ONS EXEMPT . ative associations. Se ct ion 801 of the Revenue Act of 1926 is amended by striking out S tm4, ex empt i 99 s. the period at the end thereof and inserting a semicolon and the fol- ea . lowing : " or stocks and bonds and other certificates of indebtedness Stocks, etc., of agri- cultural cooperative as- issued by any farmers' or fruit growers' or like associations organized sociations. and operated on a cooperative basis for the purposes, and subject to the conditions, prescribed in paragraph (12) of section 231 ." Vol.44,p. 40. SEC. 442. TAX ON STEAMSHIP TICKETS . Steamship tickets . (a) Subdivision 5 of Schedule A of Title VIII of the Revenue ed ol .44,p .503,amend- Act of 1926 is amended to read as follows " 5. Passage ticket, one way or round trip, for each passenger, sold ti Foreign pa ssage or issued in the United States for passage by any vessel to a port or place not in the United States, Canada, Mexico, or Cuba, if costing Cuba, added. not exceeding $30, $1 ; costing more than $30 and not exceeding $60, $3 ; costing more than $60, $5. This subdivision shall not apply to Exemp tion. passage tickets costing $10 or less ." (b) Subsection (a) of this section shall take effect on the expira- Effeetivein3odays. ti on of thirty da ys after the enactment of thi s Act. SEC. 443 . SALE OF STAMPS AT POST OFFICES . Sale of s tamps at post offices. Title VIII of the Revenue Act of 1926 is amended by adding after vo1 .44,p.los,amend- sect ion 807 a new sect ion to read as fol lows " SEc. 808 . The Commissioner shall furnish to the Postmaster Gen- at To of ove•25,000 eral without prepayment a suitable quantity of adhesive stamps to i nha bita nts . be distributed to and kept on sale by the various postmasters in the

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