Page:United States Statutes at Large Volume 61 Part 1.djvu/36

 PUBLIC LAWS-OHS. 16, 17--tAR. 10, 11, 1947 59SUt.I6. SEc. 3. The heading of section 507 of such Act, as amended, is amended by inserting "oR STREPTOMYCIN" after "PENICILLIN"; and the first sentence of subsection (a) of such section 507 is amended by inserting "or streptomycin" after "penicillin". Approved March 10, 1947. [CHAPTER 17] March 11, 1947 AN ACT [H. R. 1030] To continue in effect certain war excise tax rates, and for other purposes. [Public Law 17] Be it enacted by the Senate and House of Representatives of the Excise Tax Act of United States of America in Congress assembled, That this Act may 947. be cited as the "Excise Tax Act of 1947". 58Stat. 61. SEC. 2. Section 1650 of the Internal Revenue Code (war tax rates of certain miscellaneous taxes) is hereby amended by striking out "and ending on the first day of the first month which begins six months or more after the date of the termination of hostilities in the present war". ReSeas. SEC. 3. Sections 1654 (termination of retail tax on luggage, etc.) 58 Stat. 63 . 26 U.8. C. S §1654, and 1655 (definition of "date of the termination of hostilities in the 16. present war") of such Code are hereby repealed. 59 Stat. 576. SEC. 4. Section 1659 of such Code is hereby amended to read as 26 U. s. c. 1161. follows: "SEC. 1659. DEFINITION OF 'RATE REDUCTION DATE'. "For the purposes of this chapter the term 'rate reduction date' means such date as the Congress shall by law prescribe." 5 Stat. 63 .5 SEC. 5. Section 302 (b) (2) of the Revenue Act of 1943 (period 26 U.S. C. §1650 note. applicable to increase of tax with respect to billiard and pool tables and bowling alleys) is hereby amended by striking out ', and con- tinuing through June 30 next following the first day of the first month whichbegins six months or more after the date of the termination of 2 stat. 1650 hostilities in the present war (as defined in Chapter 9A of the Internal 26U.S.C.I16j d se. Revenue Code)". 8Sat^s.68 30 SEC. 6. Section 309 (b) of the Revenue Act of 1943 (relating to n ot e. draw-back on distilled spirits) is hereby amended by striking out "and ending on the first day of the first month which begins six months or more after the date of the termination of hostilities in the present war,". 6U. . C. 181. SEC. 7. (a) Section 2401 of the Internal Revenue Code (relating to the tax on furs) is hereby amended by inserting after the words "chief value" a comma and the following: "but only if such value is more than three times the value of the next most valuable component material". Applicablity. (b) The amendment made by subsection (a) shall apply in the case of articles sold on or after the first day of the first month which begins more than twenty days after the date of the enactment of this Act. 26 U.Sc. C3(. SEC. 8 . (a) Section 3469 (a) of the Internal Revenue Code (relating to the tax on transportation of persons) is hereby amended by inserting after the first sentence two new sentences to read as follows: "The tax shall not apply with respect to transportation any part of which is outside the northern portion of the Western Hemisphere, except with respect to any part of such transportation which is from any port or 'Noe th rtion station within the United States, Canada, or Mexico to any other port ofrthesHemi- or station within the United States, Canada, or Mexico. For the " purposes of this section, the words 'northern portion of the Western Hemisphere' mean the area lying west of the thirtieth meridian west of Greenwich, east of the International Date Line, and north of the equator, but not including any country of South America." 12 [61 STAT.

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