Page:United States Statutes at Large Volume 48 Part 1.djvu/702

 676 Processing tax ; rental and benefit payments. Ante, p . 35. Effective da te. Marketing year. Ante, p. 40. Floor stocks. Tax payme nts on, bef ore re lease fr om cust oms . Payments in case of suga r. Ante, p. 40 . Equalizing tax on imports . An,'(, p . 40. Exportation of tax- paid produc t . Refunds authorized . Applicability to ex- ports to certain U .S . pnSsesslons . "Product" defined . Processing for expor- tat ion . Rate, p. 41 . Commodity benefits . Ante, p . 34. Payments in case of sugar beets or sugar- cane. 73d C ONGRESS . SESS. II. CH. 263 . MAY 9, 1934 . SEc. 9 . Subsection (a) of section 9 of the Agricultural Adjustment act, as amended, is further amended by striking out the period after the word "proclamation ", in line 8, and inserting in lieu thereof a semicolon and the following : "except that, in the case of sugar beets and sugarcane, the Secretary of Agriculture shall, on or before the. thirtieth day after the adoption of this, amendment, proclaim that rental or benefit payments with respect to said commodities are to be made, and the processing tax shall be in effect on and after the thirtieth day after the date of the adoption of this amendment. In the case of sugar beets and sugarcane, the calendar year shall be considered to be the marketing year and for the year 1934 the mar- keting year shall begin January 1, 1934 ." SEC. 1 0 . Secti on 16 (a) (1) of the Agricu ltural Adjust ment Act, as amended, is amended by inserting at the end thereof the following " Such tax upon articles imported prior to, but in customs custody or control on, the effective date, shall be paid prior to release there- from. In the case of sugar, the tax on floor stocks, except the retail stocks of persons engaged in retail trade, shall be paid for the month in which the stocks are s old, or used in the manufac ture of other articles, under rules and regulations prescribed by the Commissioner of Internal Revenue with the approval of the Secretary of the Treas ury ." SEC. 11 . Section 15 (e) of the Agricultural Adjustment Act, as amended, is amended by striking out in lines 3 and 4 the words " in chief value ", and inserting in lieu thereof the word " partly " ; by inserting in line 7, after the comma following the word "apply '3 , the w ords " whe ther imported as merchandi se, or as a co ntainer of merchandise, or otherwise" followed by a comma ; and by insert- ing in line 9, after the word "processing", the words "of such commodity ". SEC. 12 . Section 17 (a) of the Agricultural Adjustment Act, as amended, is amended, ef fective as of the date of the enactment of the said Act, to read as follows " (a) Upon the ex portat ion t o any foreig n cou ntry ( and/or to the Philippine Islands, the Virgin Islands, American Samoa, the Canal Zone, and the island of Guam) of any product with respect to which a tax has been paid under this title, or of any product processed wholly or par tly from a co mmodity with respect to whi ch product or commodity a tax has been paid under this title, the tax due and paid shall be refunded . The refund shall be paid to the exporter or to the consignor named in the bill of lading under which the product is exported, as determined under regulations prescribed by the Co mmissioner of Internal Reve nue, with the approval of t he Secretary of the Treasury . In the case of sugar beets and sugar- cane, this subsection shall be applicable to exports of products thereof to the Philippine Islands, the Virgin Islands, American Samoa, the Canal Zone, and/or the island of Guam only if this title with respect to sugar beets and sugarcane is not made applicable thereto. The term `product' includes any product exported as merchandise, or as a container for merchandise, or otherwise ." SE C. 13. Section 17 (b) of the Agricultural Adjustment Act, as amended, is amended by striking out in line 6 the words " in chief value " and inserting in lieu thereof the word " partly ". SE C. 14. Subsection (1) of section 8 of the Agricultural Adjust- ment Act, as amended, is amended by striking out the period at the end of the first sentence, and inserting in lieu thereof a semi- colon and the following : " and, in the case of sugar beets or sugar- cane, in the event that it shall be established to the satisfaction of the Secretary of Agriculture that returns to growers or producers, under the contracts for the 1933-1934 crop of sugar beets or sugar-