Page:United States Statutes at Large Volume 52.djvu/521

 PUBLIC LAWS-CH. 289-MAY 28, 1938 Additions to tax and penalties. Negligence or fraud. Post, p. 540. Criminal penalties. Post, p. 513. Administrative pro- ceedings. Nonpayments or overpayments. Deficiencies. Post, p. 534. Interest and addi- tions. Post, p. 540. Transferees and fidu- ciaries. Post. p. 543. Overpayments. Post, p. 544. Miscellaneous pro- visions. Laws made appli- cable. Administrative, etc., provisions extended. Rules and regula- tions. Publication. Taxes in lieu of taxes under 1936 Act. Post, p. 557. 49 Stat. 1652,1732. Supplemental pro- visions. Rates of tax. SEC. 58. ADDITIONS TO TAX AND PENALTIES. (a) For additions to the tax in case of negligence or fraud in the nonpayment of tax or failure to file return therefor, see Supple- ment M. (b) For criminal penalties for nonpayment of tax or failure to file return therefor, see section 145. SEC. 59. ADMINISTRATIVE PROCEEDINGS. For administrative proceedings in respect of the nonpayment or overpayment of a tax imposed by this title, see as follows: (a) Supplement L, relating to assessment and collection of deficiencies. (b) Supplement M, relating to interest and additions to tax. (c) Supplement N, relating to claims against transferees and fiduciaries. (d) Supplement 0, relating to overpayments. Part VI-Miscellaneous Provisions SEC. 61. LAWS MADE APPLICABLE. All administrative, special, or stamp provisions of law, including the law relating to the assessment of taxes, so far as applicable, are hereby extended to and made a part of this title. SEC. 62. RULES AND REGULATIONS. The Commissioner, with the approval of the Secretary, shall pre- scribe and publish all needful rules and regulations for the enforce- ment of this title. SEC. 63. TAXES IN LIEU OF TAXES UNDER 1936 ACT. The taxes imposed by this title and Title IA shall be in lieu of the taxes imposed by Titles I and IA of the Revenue Act of 1936, as amended. SUBTITLE C-SUPPLEMENTAL PROVISIONS Supplement A-Rates of Tax [Supplementary to Subtitle B, Part I] txempations fro SEC. 101. EXEMPTIONS FROM TAX ON CORPORATIONS. tax on corporations. Labor, agricultural, etc., organizations. Mutual savings banks. Fraternal benefici- ary societies, etc. Domestic building and loan associations. Mutual cemetery companies. The following organizations shall be exempt from taxation under this title- 1) Labor, agricultural, or horticultural organizations; 2) Mutual savings banks not having a capital stock repre- sented by shares; (3) Fraternal beneficiary societies, orders, or associations, (A) operating under the lodge system or for the exclusive benefit of the members of a fraternity itself operating under the lodge system; and (B) providing for the payment of life, sick, accident, or other benefits to the members of such society, order, or association or their dependents; (4) Domestic building and loan associations substantially all the business of which is confined to making loans to members; and cooperative banks without capital stock organized and operated for mutual purposes and without profit; (5) Cemetery companies owned and operated exclusively for the benefit of their members or which are not operated for profit; 480 [52 STAT.

�