Page:United States Statutes at Large Volume 68 Part 1.djvu/73

 68 S T A T. ]

PUBLIC LAW 324-MAR. 31, 1964

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ery to him has been made), and if for purposes of consumption title to such article or possession thereof has not at any time been transferred to any person other than a dealer. "(c) LIMITATION ON ELIGIBILITY.—No person shall be entitled to credit or refund under this section unless he has in his possession such evidence of the inventories with respect to which he has made the reimbursements described in subsection (a) as may be required by regulations prescribed under this section. " (d) PENALTIES AND ADMINISTRATIVE PROCEDURES.—All provisions of law, including penalties, applicable in respect of the taxes imposed under sections 3405(a), 3405 (b), and 3406 (a)(3) shall, insofar as applicable and not inconsistent with this section, be applicable in respect of the credits and refunds provided for in this section to the same extent as if such credits or refunds constituted credits or refunds of such taxes." SEC. 306. EFFECTIVE DATE OF TITLE III. For effective date of this title, see section 505(a).

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TITLE IV—TAX ON COMMUNICATIONS SEC. 401. TAX ON TELEGRAPH, TELEPHONE, RADIO, AND CABLE FACILITIES. (a) TELEPHONE MESSAGES, ETC.—Section 3465(a)(1)(A) (relating to tax on telephone messages, etc.) is hereby amended by striking out "20 per centum" and inserting in lieu thereof "10 per centum". (b) TELEGRAPH, CABLE, AND RADIO DISPATCHES.—Section 3465(a) (1)(B) (relating to tax on telegraph, cable, and radio dispatches or messages) is hereby amended by striking out "15 per centum of the amount so paid, except that in the case of each international telegraph, cable, or radio dispatch or message the rate shall be 10 per centum" and inserting in lieu thereof the following: "10 per centum of the amount so paid". (c) LEASED W I R E SERVICE.—Section 3465(a)(2)(A) (relating to tax on leased Avire service, etc.) is hereby amended by striking out "15 per centum" and inserting in lieu thereof "10 per centum". (d) W I R E AND EQUIPMENT SERVICE.—Section 3465(a)(2)(B) (relating to tax on wire and equipment service) is hereby amended to read as follows: " (B) A tax equivalent to 8 per centum of the amount paid for any wire and equipment service (including stock quotation and information services, burglar alarm or fire alarm service, and all other similar services, but not including service described in subparagraph (A)). " (e) LOCAL TELEPHONE SERVICE.—For reduction in rate of tax on local telephone service, see section 504(a). SEC. 402. EFFECTVE DATE OF TITLE IV. (a) IN GENERAL.—Subject to the provisions of subsection (b), the amendments made by section 401 shall apply with respect to amounts paid on or after April 1, 1954, for services rendered on or after such date. (b) AMOUNTS PAID PURSUANT TO BILLS RENDERED.—The amendments made by section 401 shall not apply with respect to amounts paid pursuant to bills rendered before April 1, 1954. I n the case of amounts paid pursuant to bills rendered on or after such date for services for which no previous bill was rendered, such amendments shall apply except with respect to such services as were rendered more than 2 months before such date. I n the case of services rendered more

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