Page:United States Statutes at Large Volume 68A.djvu/626

 586

INTERNAL REVENUE CODE OF 1954 •

(c) EMPLOYMENT OF OPFICERS AND EMPLOYEES.—The Secretary or

his delegate may appoint officers and employees to conduct the inspection necessary to collect said tax and otherwise to enforce this subchapter and all rules and regulations made by him in pursuance hereof. SEC. 4873. LIABILITY OF PRINCIPAL FOR ACTS OF AGENT. When construing and enforckig the provisions of this subchapter, the act, omission, or failure of any official, agent, or other person acting for or employed by any association, partnership, or corporation within the scope of his employment or office shall, in every case, also be deemed the act, omission, or failure of such association, partnership, or corporation, as well as that of the person. SEC. 4874. IMMUNITY OF WITNESSES. No person whose evidence is deemed material by the officer prosecuting on behalf of the United States in any case brought under any provision of this subchapter shall withhold his testimony because of complicity by him in any violation of this subchapter or of any regulation made pursuant to this subchapter, but any such person called by such officer who testifies in such case shall be exempt from prosecution for any offense to which his testimony relates. SEC. 4875. OPERATION OF STATE LAWS. The payment of any tax imposed by this subchapter shall not exempt any person from any penalty or punishment now or hereafter provided by the laws of any State for entering into contracts of sale of cotton for future delivery, nor shall the payment of any tax imposed by this subchapter be held to prohibit any State or municipality from imposing a tax on the same transaction. SEC. 4876. REPORTS OF SECRETARY OF AGRICULTURE. The Secretary of Agriculture is directed to publish from time to time the results of investigations made in pursuance of this subchapter. SEC. 4877. CROSS REFERENCES. For penalties and other general and administrative provisions appli* cable to this subchapter, see subtitle F.

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