Page:United States Statutes at Large Volume 73.djvu/594

 556 Restrictions.

Definition. Savings vision.

PUBLIC LAW 86-273~SEPT. 14, 1959

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ST A T.

SEC. 102. (a) No State, or political subdivision thereof, shall have power to assess, after the date of the enactment of this Act, anj net income tax which was imposed by such State or political subdivision, as the case may be, for any taxable year ending on or before such date, on the income derived within such State by any person from interstate commerce, if the imposition of such tax for a taxable year ending after such date is prohibited by section 101. (b) The provisions of subsection (a) shall not be construed— (1) to invalidate the collection, on or before the date of the enactment of this Act, of any net income tax imposed for a taxable year ending on or before such date, or (2) to prohibit the collection, after the date of the enactment of this Act, of any net income tax which was assessed on or before such date for a taxable year ending on or before such date. means any tax imposed on, or measured by, net income. SEC. 104. If any provision of this title or the application of such provision to any person or circumstance is held invalid, the remainder of this title or the application of such provision to persons or circumstances other than those to which it is held invalid, shall not be affected thereby. TITLE II—STUDY AND REPORT BY COMMITTEES
 * SEC. 103. For purposes of this title, the term "net income tax"

CONGRESSIONAL

SEC. 201. The Committee on the Judiciary of the House of Representatives and the Committee on Finance of the United States Senate, acting separately or jointly, or both, or any duly authorized subcommittees thereof, shall make full and complete studies of all matters pertaining to the taxation by the States of income derived within the States from the conduct of business activities which are exclusively in furtherance of interstate commerce or which are a part of interstate commerce, for the purpose of recommending to the Congress proposed legislation providing uniform standards to be observed by the States in imposing income taxes on income so derived. SEC. 202. The Committees shall report to their respective Houses the results of such studies together with their proposals for legislation on or before July 1, 1962. Approved September 14, 1959.

Public Law 86-273 AN ACT September 14, 1959 [H. R. 6781] To authorize the Secretary of the Interior to acquire certain additional property to be included within the Independence National Historical Park. Ind ep e nd ence National Historical Park. Additional land.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Secretary of the Interior is authorized to acquire by donation or with donated funds, or to acquire by purchase, from the Redevelopment Authority of the City of Philadelphia the land and interests in land immediately adjacent to, but not including, the Old Saint Joseph's Church property in the city of Philadelphia, Pennsylvania, which land and interests in land are identified on the records of the city of Philadelphia as 324, 826, 328, 330, 332, 334 and 336 Walnut Street, for inclusion in the Independence National Historical P a r k: Provided, That the Secretary shall first enter into an agreement with the proprietor or proprietors

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