Page:United States Statutes at Large Volume 58 Part 1.djvu/93

 78TH CONG., 2D SESS.-CH. 63-FEB. 25,1944 lieu thereof "January 1, 1945"; and section 452 (c) of the Revenue Act of 1942 is amended to read as follows: "(c) RELEASE BEFORE JANUARY 1, 1945.- "(1) A release of power to appoint before January 1, 1945, shall not be deemed a transfer of property by the individual possessing such power. "(2) This subsection shall apply to all calendar years prior to 1945. SEC. 506. REPEAL OF CERTAIN PROVISIONS OF THE CURRENT TAX PAYMENT ACT OF 1943 RELATING TO INCREASED INCOME. (a) IN GENERAL. -Section 6 (c), (d) (4), (d) (5), and (e) (2) of the Current Tax Payment Act of 1943 is repealed. (b) TECHNICAL AMENDMENTS.- (1) Section 6 (d) (2) of the Current Tax Payment Act of 1943 is amended (A) by striking out "(a), (b), and (c)" and inserting in lieu thereof "(a) and (b)", and (B) by striking out "subsections (b) and (c)" and inserting in lieu thereof "subsections (a) and (b)". (2) Section 6 (d) (3) and (7) of such Act is amended by striking out wherever appearing in each such paragraph "(a), (b), and (c)" and inserting in lieu thereof "(a) and (b)". (3) Section 6 (d) (6) of such Act is amended by striking out "(a), (b) (2), or (c)" and inserting in lieu thereof "(a) or (b) (2)". (c) ErFECrrTV DATE.- The amendments made by this section shall be effective with respect to taxable years beginning after December 31, 1942, and before January 1, 1944. SEC. 507. IMPORTATION OF STANDARD NEWSPRINT PAPER. (a) IN GENERAL. -For the purposes of paragraph 1772 of the Tariff Act of 1930, as amended- (1) Paper which is in rolls not less than fifteen inches in width shall be deemed to be standard newsprint paper insofar as width of rolls is concerned; and (2) Paper which weighs not less than thirty pounds (with a 5 per centum manufacturing tolerance permitted) per ream of 500 sheets twenty-four by thirty-six inches shall be deemed to be standard newsprint paper insofar as minimum weight is concerned. (b) EFFETIVE PERIOD.-T he provisions of subsection (a) shall apply with respect to paper entered, or withdrawn from warehouse, for consumption, after the date of the enactment of this Act and while United States newspaper publishers are limited by law or by governmental order or regulation as to the amount of paper they may use in the publication of their newspapers. SEC. 508. EXEMPTION FROM TAX ON PLAYING CARDS EXPORTED FOR USE OF ARMED FORCES OUTSIDE CONTINENTAL UNITED STATES. (a) IN GENzRAL.- Section 1830 (relating to the exemption from the tax upon playing cards exported) is amended to read as follows: "SEC. 1830. EXEMPTION IN CASE OF EXPORTATION. "Playing cards may be removed from the place of manufacture for export to a foreign country or for shipment to a possession of the 67 Stat. 145. 26 U.S.C. 8 1622 note. 46 Stat. 681. 19U..o. 1201, par. 1772. 53 Stat. 20. 26 U. ..C 1830 58 STAT.]

�