Page:United States Statutes at Large Volume 65.djvu/489

 65 STAT.]

P U B L I C L A W 183—OCT. 20, 1951

455

T A B L E O F CONTENTS—Continued TITLE III — M I S C E L L A N E O U S INCOME T A X AMENDMENTS—Continued

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Sec, 338. E x c h a n g e s and distributions in obedience to orders of Securities and Exchange Conunission. (a) Definition of system group. (b) Effective date. Sec. 339. T a x a t i o n of business income of State colleges and universities. (a) Amendment of section 421(b). (b) Unrelated trade or business. (c) Effective date. Sec. 340. F a m i l y partnership s. (a) Definition of part n e r. (b) Allocation of partnership income. (c) Effective date. Sec. 341. W a r losses. (a) T a x upon w a r loss recovery. (b) Basis of recovered property. (c) Credit for foreign taxes. (d) Effective dates. Sec. 342. Deduction of expenditures for mine exploration. (a) Deduction of mine exploration expenditures. (b) Adjusted basis for determining gain or loss upon sale or exchange. (c) Effective date. Sec. 343. Definition of employee. (a) Amendment of section 3797(a). (b) Effective date. Sec. 344. Nonbusiness casualty losses. (a) Removal of limitation. (b) Effective date. Sec. 345. Abatement of tax on certain t r u s t s for members of armed forces dying in service. Sec. 346. Life insurance d e part m e n t s of m u t u a l savings banks. (a) Computation of tax. (b) Technical amendment. (c) Effective date. Sec. 347. Publishing business carried on by tax-exempt organization. (a) T r e a t m e n t as related trade or business. (b) Effective date. Sec. 348. Deduction with respect to certain unrelated business net income. (a) Unrelated business net income. (b) Effective date. Sec. 349. Nondistributable income of personal holding companies. TITLE IV—EXCISE TAXES PAET I—TAX ON ADMISSIONS AND CABARETS

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Sec. 401. Removal of tax on free admissions. Sec. 402. Exemptions from admissions tax. (a) R e i n statement of p r e w a r exemptions. (b) Amendment of section 1701(a) and (b). (c) Admissions to municipal swimming pools, etc. Sec. 403. Effective date of amendments relating to admissions. Sec. 404. T a x on cabarets, roof gardens, etc, (a) Ballrooms and dance halls. (b) Effective date, PART II—^TAX ON CIGARETTES

Sec. 421. T a x on cigarettes. (a) Increase in r a t e. (b) Effective date. Sec. 422. Floor stocks tax and floor stocks refund on cigarettes. Sec. 423. Reduction of tax on tobacco and snuff. (a) Reduction in r a t e. (b) Effective date.

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