Page:United States Statutes at Large Volume 65.djvu/518

 484

PUBLIC LAW 183—OCT. 20, 1951

[65 STAT.

2^ u^s.^c;§ 22 (b) (b) AMENDMENT OF SECTION 22 (b) (10).—Section 22(b) (10) (10)(relating to income from discharge of indebtedness of a railroad corporation) is hereby amended by striking out "December 31, 1951" and inserting in lieu thereof "December 31, 1954". SEC. 305. COMPENSATION OF CERTAIN MEMBERS OF THE ARMED FORCES. SiLW.'5 22(b) (a) AMENDMENT OF SECTION 22 (b) (13).—Section 22(b) (13) (13). ' • * (relating to exclusion from gross income of compensation of certain members of the armed forces) is hereby amended by striking out subparagraphs (A) and (B) and inserting in lieu thereof the following: " (A) Enlisted Personnel.—Compensation received for active service as a member below the grade of commissioned officer in the armed forces of the United States for any month during any part of which such member— " (i) served in a combat zone after June 24, 1950, and prior to January 1, 1954, or "(ii) was hospitalized as a result of wounds, disease, or injury incurred while serving in a combat zone prior to January 1, 1954; but this clause shall not apply for any month during any part of which there are no combatant activities in any combat zone as determined under ^"^'•'subparagraph (C) (iii) of this paragraph. " (B) Commissioned Officers.—So much of the compensation as does not exceed $200 received for active service as a commissioned officer in the armed forces of the United States for any month during any part of which such officer— "(i) served in a combat zone after June 24, 1950, and prior to January 1, 1954, or " ( i i) was hospitalized as a result of wounds, disease, or injury incurred while serving in a combat zone prior to January 1, 1954; but this clause shall not apply for any month during any part of which there are no combatant activities in any combat zone as determined under subparagraph (C) (iii) of this paragraph." (b) DEFINITION OF SERVICE IN COMBAT ZONE.—Clause (iii) of section

26 u^s.^c.'§ 22 (b) ^ (b) (1^) ( ^) ^^ hereby amended by striking out "such zone; and" (13)(C). • • and inserting in lieu thereof "such zone, except that June 25, 1950, shall be considered the date of the commencing of combatant activities 26 u. s. G. J 22 note, j ^ t,he combat zone designated in Executive Order 10195; and". 26U^V^ §1621 (^). WITHHOLDING ON WAGES.—Section 1621(a)(1) (relating to (a)(1).' • ' definition of the term "wages") is hereby amended to read as follows: "(1) for active service as a member of the armed forces of the United States performed prior to January 1, 1954, in a month for which such member is entitled to the benefits of section 22 (b)(13),or". (d) EFFECTIVE DATES.—The amendments made by subsections (a) and (b) shall be applicable to taxable years ending after June 24, 1950. The amendment made by subsection (c) shall be applicable with respect to wages paid after the tenth day following the date of the enactment of this Act. SEC. 306. INVOLUNTARY UQUIDATION AND REPLACEMENT OF INVENTORY. (a) AMENDMENT OF SECTION 22 (d)(6)(F) (iii).—Section 22(d) 26 u*8.^c.*§ 22 (d) (^) (^) (iii) (relating to replacement of inventory involuntarily (6)(F)(iii).• liquidated) is hereby amended by striking out the last sentence and inserting in lieu thereof the following: "If, for any taxable year ending after June 30, 1950, and prior to January 1, 1953, subparagraph 26 u*s^o'§ 22 (d)(C) is applicable with respect to involuntary liquidations of goods (6)(C)".

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