Page:United States Statutes at Large Volume 73.djvu/655

 73

STAT.]

617

PUBLIC LAW 8 6 - 3 4 4 - S E P T. 21, 1959

SEC. 4. Notwithstanding the provisions of section 6 of the Act of March 23, 1906 (33 U.S.C. 496), this Act shall be null and void unless the actual construction of the bridge referred to in the first section of this Act is commenced within 3 years and completed within 5 years from the date of enactment of this Act. SEC. 5. The right to alter, amend, or repeal this Act is hereby expressly reserved. Approved September 21, 1959.

Limitation.

Public Law 86-344 AN ACT To amend the Internal Revenue Code of 1954 to make technical changes in certain excise tax laws, and for other purposes.

Be it enacted by the Senate and House of Representatives United States of America in Congress assembled,

of the

September 21, 1959 [H. R. 8725]

Excise tax laws, technical changes.

SECTION 1. EXEMPTION OF CORAL FROM JEWELRY, ETC., EXCISE TAX ON CERTAIN SEMIPRECIOUS STONES.

(a) EXEMPTION.—Section 4001 of the Internal Revenue Code of 1954 (relating to the imposition of tax in respect of jewelry and related items) is amended by striking out "Coral". (b) EFFECTIVE DATE.—The amendment made by subsection (a) shall take effect on the first day of the first calendar month which begins more than 10 days after the date of the enactment of this Act. SEC. 2. NONPROFIT EDUCATIONAL ORGANIZATIONS.

(a) EXEMPTION.—Section 4057 of the Internal Revenue Code of 1954 (relating to the exemption from retailers excise taxes for nonprofit educational organizations) is amended— (1) by striking out "Under" and inserting in lieu thereof " (a)

72 Stat. 1275. 26 USC 4001.

72 Stat. 1277. 26 USC 405 7.

EXEMPTION.—Under";

(2) by striking out the second sentence thereof; and (3) by adding at the end thereof the following new subsection: "(b) DEFINITION.—For purposes of subsection (a), the term 'nonprofit educational organization' means an educational organization described in section 503(b)(2) which is exempt from income tax under section 501(a). The term also includes a school operated as an activity of an organization described in section 501(c)(3) which is exempt from income tax under section 501(a), if such school normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on." (b) DEFINITION.—Section 4221(d)(5) of the Internal Revenue Code of 1954 (relating to definitions in respect of certain tax-free sales) is amended by adding at the end thereof the following new sentence: "The term also includes a school operated as an activity of an organization described in section 501(c)(3) which is exempt from income tax under section 501(a), if such school normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on." (c) ADMISSIONS TAX EXEMPTION.—Section 4233(a)(1)(A) (ii)

of

the Internal Revenue Code of 1954 (relating to admissions tax exemptions) is amended by adding at the end thereof the following: "or a school operated as an activity of an organization described in section

72 Stat. 1282. 26 USC 4221.

68A Stat. 497. 26 USC 4233.

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