Page:United States Statutes at Large Volume 68 Part 1.djvu/151

 68

STAT.]

PUBLIC LAW

364~MAY

18, 1954

119

comiDany in the District of'Columbia shall be taxed as other real estate in said District. Each company operating a street railroad or both a street railroad and bus services in the District of Columbia shall pay 2 per centum per annum on their gross receipts: Provided, That any such company operating both a street railroad and bus services shall pay the vehicle-mileage tax for the period beginning with the first day of November and ending with the last day of June of the year next preceding the effective date of this amendatory sentence and shall be allowed a credit for any vehicle-mileage tax paid in advance for the four-month period beginning with the first day of July of the year next succeeding the effective date of this amendatory sentence. Each gas, electric-lighting, and telephone company, and each compan}' operating a street railroad or both a street railroad and bus services in the District of Columbia, shall pay, in addition to the taxes herein mentioned, the franchise tax imposed by the District of Columbia Income and Franchise Tax Act of 1947 (61 Stat. 331, ch. 258), as amended (ch. 15, title 47, D. C. Code, 1951), and the tax imposed upon stock in trade of dealers in general merchandise under paragraph numbered 2 of section 6 of said Act approved July 1, 1902 D. (32 Stat. 590, 618. ch. 1352), as amended." ' la'^V.C. Code 47SEC. 1402. Subparagraph (b) of paragraph 31 of section 7 of the El'^n'se^^eS^* Act approved July 1, 1902 (32 Stat. 590, 622), as amended (sec. 4 7 - ment. 2331 (b), D. C. Code, 1951 edition), is amended (a) by striking the ^^ ^*^** " ^ period at the end of the first sentence thereof and adding the following: '•*• Provided, That the provisions of this subparagraph shall not Exception. apply to companies operating both street railroad and bus services in the District of Columbia which pay taxes to the District of Columbia on their gross receipts: Provided further, That nothing contained in the preceding proviso shall be construed to require such companies to comply with the provisions of the Act approved June 29, 1938 (52 Stat. 1233; sec. 44-301, D. C. Code, 1951 edition)."; (b) by striking from ^*"*^«^ *^''the third sentence thereof "franchise,"; and (c) by striking from the third sentence thereof "eight-tenths of 1 cent for each vehicle-mile" and inserting in lieu thereof "1 cent for each vehicle-mile". SEC. 1403. The first section of this title shall become effective on the Effective dates. 1st day of July 1954. The second section of this title shall become effective on the 1st day of November 1954.

TITLE XV—MINIMUM RATE OF TAXATION ON EEAL PROPERTY SEC. 1501. For each fiscal year after approval of this Act the rate of taxation on real property in the District of Columbia shall not be less than 2.20 per centum on the assessed value of such property. TITLE XVI—COLLECTION OF T A X E S BY DISTRAINT AND JEOPARDY ASSESSMENTS SEC. 1601. I n addition to any other methods or devices or both provided by law or regulation for the collection of various taxes (except real property taxes) due the District, any tax imposed by any law applicable to District taxes, and penalties and interest thereon, when such tax has become due and payable, may be collected in the manner provided by law for the collection of taxes due the District on personal property in force at the time of such collection; and liens for all such taxes, penalties, and interest may be acquired in the same manner that liens for personal property taxes are acquired.

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