Page:United States Statutes at Large Volume 68A.djvu/373

 CH. 1—NORMAL TAXES AND SURTAXES

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(3) the total of the amounts received for such assignment or release is received in one taxable year and after the termination of such employment. SEC. 1241. CANCELLATION OF LEASE OR DISTRIBUTOR'S AGREEMENT.

Amounts received by a lessee for the cancellation of a lease, or by a distributor of goods for the cancellation of a distributor's agreement (if the distributor has a substantial capital investment in the distributorship), shall be considered as amounts received in exchange for such lease or agreement.

§1241

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