Page:United States Statutes at Large Volume 58 Part 1.djvu/44

 PUBLIC LAWS-CEI 63-FEB. 25, 1944 Sec. 208. Nontaxable income of certain industries with depletable resources. (a) Technical amendment (sec. 735). (b) Definitions. (1) Definition of "lessor", "natural gas company", etc. (sec. 735 (a) (1), (2), (3), (4),and (5)). (2) Definition of "timber block" (sec. 735 (a) (8)). (3) Definition of "unit net income" (sec. 735 (a) (12)). (c) Nontaxable income (sec. 735 (b)). (d) Application where excess profits credit computed under income credit (sec. 711 (a) (1)). (e) Application where excess profits credit computed under invested capital credit (sec. 7 1 1 (a) (2)). (f) Retroactive effect of amendments affecting resources. Sec.209. Exempt corporations (sec. 727 (h)). PARTr n-POST-WAR sRBEn D OF EXCESS ProrrTs TAX Sec. 250. Post-war refund of excess profits tax. (a) Credit in case of fiscal year beginning in 1941 and ending after June 30, 1942 (sec. 780 (a)). (b) Transfers to successors of taxpayer (sec. 780 (c)). (c) Exemption of proceeds of bonds from tax (sec. 780 (d)). (d) Rights and liabilities of successor (sec. 780 (f) and (g)). (e) Effect of refunds (sec. 781 (b)). (f) Limitation on post-war credit (sec. 781 (d)). (g) Taxable years to which applicable. Sec. 251. Technical amendment to credit for debt retirement.' (a) In general (sec. 783 (b) (2)). (b) Taxable years to which applicable. (c) Election with respect to prior taxable years. Polt p.60 TTrrU III-EXCISE TAxEs Sec. 301. Effective date of Title III. Sec. 302. Increases in rates. (a) In general (chapter 9A). (b) Effective date or period of certain increases. (1) Cabaret tax. (2) Billiard and pool tables and bowling alleys. (3) Telegraph, telephone, radio, and cable facilities. Sec. 303. Persons making fur articles from pelts furnished by customer (sec. 2401). Sec. 304. Suspension of manufacturers' excise tax on luggage (sec. 3406(a) (2)). Sec. 305. Exemption of billiard and pool tables in hospitals from tax. (a) In general (sec. 3268 (a)). (b) Effective date. Sec. 306. Technical amendment of manufacturers' excise tax on tires and inner tubes (sec. 3400). Sec. 307. Termination of certain governmental excise tax exemptions. (a) (1) Tax-free sales under chapter 19 (sec. 2406 (a)). (2) Tax on pistols and revolvers (sec. 2700 (b) (1)). (3) Tax on firearms, shells, and cartridges (sec. 3407). (4) Tax on electrical energy (sec. 3411 (c)). (5) Tax-free sales under chapter 29 (sec. 3442). (6) Credits and refunds of taxes imposed by chapter 29 (sec. 3443 (a) (3) (A) (i)). (7) Tax on telegraph, telephone, radio, and cable facilities (sec. 3466 (a)). (8) Tax on transportation of persons (sec. 3469 (f)). (9) Tax on transportation of property (sec. 3475 (b)). (b) (1) Period with respect to which applicable (secs. 2406 (a), 3411 (c), and 3442 (3)). (2) Relating to articles enumerated in section 3404 (3) Relating to amendment of section 3443 (a) (3) (A) (i). (4) Belating to amendment of section 3466 with respect to taxes imposed by section 3465 (a) (1). (5) Relating to amendments of section 3469 (f) (1). (6) Definition of "date of the termination of hostilities in the pres- ent war". (e) Authorization of exemptions by Secretary of Treasury with re- spect to articles or services purchased for the exclusive use of the United States. [58 STAT.

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