Page:United States Statutes at Large Volume 55 Part 1.djvu/713

 PUBLIC LAWS-OH. 412-SEPT. 20, 1941 PART III-INCREASES IN BATES OF EXISTING EXCISE TAXES Playing Ards. Safe deposit boxes. Distilled spirits. Wines. Tires and tubes. Effective date of Part III. Post,p. 710 . Post, p. 716. Post, p. 725. Post, p. 726. Post, p. 726. 53 Stat. 5. 26U.S.C. 12(b). PART IV-CHANGES IN BASIS OF COMPUTING TAX (BATES INCREASED IN CERTAIN CASES) Sec. 541. Admissions tax. Sec. 542. Cabaret, roof garden, etc.. tax. Sec. 543. Club dues. Sec. 544. Automobile, truck, bus, and parts tax. Sec. 545. Radios, phonographs, records, and musical instruments. Sec. 546. Mechanical refrigerators. Sec. 547. Matches. Sec. 548. Telephone, telegraph, etc. Sec. 549. Installment, etc., payments. Sec. 550. Effective date of Part IV. PART V-NEW EXCISE TAXES Sec. 551. New manufacturers' excise taxes. Sec. 552. New retailers' excise taxes. Sec. 553. Administrative changes in manufacturers' excise tax title of Code. Sec. 554. Transportation of persons, etc. Sec. 555. Coin-operated amusement and gaming devices. Sec. 556. Bowling alleys, etc. Sec. 557. Use of motor vehicles and boats. Sec. 558. Effective date of Part V. PART VI-PROCESSING TAX ON CEBTAIN OILS Sec. 561. Payment of proceeds of processing tax to Guam and American Samoa. TITLE VI--NONESSENTIAL FEDERAL ExPENDITUREs Sec. 601. Nonessential Federal expenditures. TITLE VII-CREDIT AGAINST FEDERAL UNEMPLOYMENT TAXES Sec. 701. Credit against Federal unemployment taxes. TITLE I-INDIVIDUAL AND CORPORATION INCOME TAXES SEC. 101. SURTAX ON INDIVIDUALS. Section 12 (b) of the Internal Revenue Code is amended to read as follows: "(b) RATES OF SmrrAx. - There shall be levied, collected, and paid for each taxable year upon the surtax net income of every individual the surtax shown in the following table: "If the surtax net income is: Not over $2,000- - -- Over $2,000 but not over $4,000 -- Over $4,000 but not over $6,000 - --- -- Over $6,000 but not over $8,000--- Over $8,000 but not over $10,000 -.-- _ Over $10,000 but not over $12,000 .-- -- Over $12,000 but not over $14,000 Over $14,000 but not over $16,000- Over $16,000 but not over $18,000- -_- Over $18,000 but not over $20,000- Over $20,000 but not over $22,000-_ _ _ - Over $22,000 but not over $26,000 -- - -. Over $26,000 but not over $32,000- Over $32,000 but not over $38,000- -- - - Over $38,000 but not over $44,000 - ._ _ The surtax shall be: 6% of the surtax net income. $120, plus 9% of excess over $2,000. $300, plus 13% of excess over $4,000. $560, plus 17% of excess over $6,000. $900, plus 21% of excess over $8,000. $1,320, plus 25% of excess over $10,000. $1,820, plus 29% of excess over $12,000. $2,400, plus 32% of excess over $14,000. $3,040, plus 35% of excess over $16,000. $3,740, plus 38% of excess over $18,000. $4,500, plus 41% of excess over $20,000. $5,320, plus 44% of excess over $22,000. $7,080, plus 47% of excess over $26,000. $9,900, plus 50% of excess over $32,000. $12,900, plus 53% of excess over $38,000. 688 Post,p. 708 . Sec. 531. Sec. 532. Sec. 533. Sec. 534. Sec. 535. Sec. 536. [55 STAT.

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