Page:United States Statutes at Large Volume 47 Part 1.djvu/295

 72d CONGRESS. SESS. I. CH. 209. J UNE 6, 1932 . 271 person making such payments, and shall on or before the last day MISCELLANEOUS TAXES of each month make a return, under oath, for the preceding month, Monthly retur ns re- and pay the taxes so collected, to the collector of the district in qured. which his principal place of business is located, or if he has no prin- cipal place of business in the United States, to the collector at Baltimore, Maryland. Such returns shall contain such information Contents. and be made in such manner as the Commissioner with the approval of the Secretary may by regulation prescribe. The Commissioner Regulations g overn- may extend the time for making returns and paying the taxes co l- tng t me extentions. lected, under such rules and regulations as he shall prescribe with the approval of the Secretary, but no such extension shall be for more than 90 days. Part II-Admissions Tax Part II-Admissions tax . SEC. 711. ADMISSIONS TAX. (a ) Paragr aph (1) of secti on 500(a ) of the Revenue Act of 1926, amendment~ ctof192E, as amended, is amended to read as follows : Vol .44,p . 91. "(1) A tax of 1 cent for each 10 cents or fraction thereof of Rate. the amount paid for admission to any place, including admission by season ticket or subscription, to be paid by the person paying for such admission ; except that in ca se the amount paid for admission is less than 41 cents, no tax shall be imposed . In the Persons admitted case of persons (except bona fide employees, municipal officers on free or at re duced rates . off icial bu siness, and chil dren und er 12 ye ars of a ge) admi tted free or at reduced rates to any place at a time when and under circumstances under which an admission charge is made to other person s, an equivalent tax shall be co llected based on the price so charged to such other persons for the same or similar accommo- dations, to be paid by the person so admitted . Amounts paid for Admissions by sea`ou admission by season ticket or subscription shall be exempt only tickets or subscription. if the amount which would be charged to the holder or subscribed for a single admission is less than 41 cents ;" (b ) Paragr aph (2) of secti on 500(a ) of the Revenue Act of 1920, Vol.44,p.91. as amended, is amended to read as follows "(2) Upon tickets or cards of admission to theaters, operas, Additional, on sales and other p laces of amusement, sold at news stands, hotels, and oth er at adcthan price at ticket of- places other than the ticket offices of such theaters, operas, or other flees. places of amusement, at a price in excess of the sun of the estab- lished price therefor at such ticket o ffices plus the amount of any tax im pose d un der para grap h (1 ), a tax equivalent to 10 per Rate. centum of the amount of such excess ; such tax to be returned and paid, in the manner an d subject to the interest provid ed in section 502, by the person selling such tickets ; " (c) Section 500 of the Revenue Act of 1926, as amended, is vo1.44,P .93 . amended by adding at the end thereof the following subdivision : "(e) Th e exempt ion from tax pro vided by subdivi sion (b) (1) (A) r •. sempt entertain- shall not be allowed in the case of admissions to wrestling matches, '`'l-t4, p. 92. prize fights, or boxing, sparring, or other pugilistic matches or Pugilistic echibttions exhibitions. The exemp tion from t ax pr ovide d by s ubdiv ision (b) not included. (1) shall not be allowed in the case of admissions to any athletic Athletic games, etc. game or exhibition the proceeds of which inure wholly or partly to the b enefit o f any co llege or univers ity (incl uding an y academ y of the military or naval forces of the United States) .' (d) Subsections (a) and (c) shall take effect on the fifteenth day Effective date. after the date of the enactment of this Act. (e) Effective July 1, 1934, section 500(a) (1) of the Revenue V ol. 44, p. 1ffective Act of 1926, as amended by subse ction (a) of thi s section, is ame nded 7Uly 1, i9Z