Page:United States Statutes at Large Volume 72 Part 1.djvu/302

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PUBLIC LAW 85-475-JUNE 30, 1958

26 USC 6412.

71 Stat. 10.

[72 S T A T.

1, 1959", and by striking out "October 1, 1958" and inserting in lieu thereof "October 1, 1959". (4) Section 6412(a)(1) (relating to floor stocks refunds on automobiles) is amended by striking out "July 1, 1958" each place it appears and inserting in lieu thereof "July 1, 1959", by striking out "October 1, 1958" and inserting in lieu thereof "October 1, 1959", and by striking out "November 10, 1958" each place it appears and inserting in lieu thereof "November 10, 1959". Section 497 of the Revenue Act of 1951 (relating to refunds on articles from foreign trade zones), as amended, is amended by striking out "July 1, 1958" each place it appears and inserting in lieu thereof "July 1, 1959".

SEC. 4 REPEAL OF TAXES ON TRANSPORTATION OF PROPERTY. . 428^ ^^^

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(^) REPEAL.—Effective as provided in subsection (c), part II (relating to tax on transportation of property) and part III (relating to tax on transportation of oil by pipeline) of subchapter C of chapter 33 of the Internal Revenue Code of 1954 are hereby repealed. (b) TECHNICAL AMENDMENTS.—Effective as provided in subsection (c): (1) The table of subchapters for chapter 33 of the Internal Revenue Code of 1954 is amended by striking out "SUBCHAPTER 0.

Transportation."

and inserting in lieu thereof "SUBCHAPTER G. Transportation of persons."

(2) Subchapter C of chapter 33 of such Code is amended by striking out the table of parts for such subchapter and the heading of part I of such subchapter, and by striking out the heading of the subchapter and inserting in lieu thereof the following:

"Subchapter C—Transportation of Persons" 26 USC 4292.

(3) Section 4292 of such Codc (relating to State and local governmental exemption) is amended to read as follows: "SEC. 4292. STATE AND LOCAL GOVERNMENTAL EXEMPTION. "Under regulations prescribed by the Secretary or his delegate, no tax shall be imposed under section 4251 or 4261 upon any payment received for services or facilities furnished to the Government of any State, Territory 6i the United States, or any political subdivision of the foregoing or the District of Columbia. (4) Section 6415 of such Code (relating to credits or refunds to persons who collected certain taxes) is amended by striking out "4271," each place it appears therein. (5) Section 6416(a) of such Code (relating to credits or refunds of certain taxes on sales and services) is amended by striking out "or 4281". (6) Section 6416(f) of such Code (relating to credit on returns) is amended by striking out "or section 4281", and by striking out "by such chapter or section" and inserting in lieu thereof "by such chapter". (7) Section 7012 of such Code (cross references) is amended by striking out subsection (i) and by redesignating subsection (j) as subsection (i). (8) Section 7272(b) of such Code (relating to penalty for failure to register) is amended by striking out "4273,".

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