Page:United States Statutes at Large Volume 76.djvu/167

 76 STAT. ]

PUBLIC LAW 87-508-JUNE 28, 1962

(i) by striking out "tax-exempt passenger fare revenue" and inserting in lieu thereof "commuter fare revenue" each place it appears therein; and (ii) by striking out "(not including the tax imposed by section 4261, relating to the tax on transportation of persons)" each place it appears therein. (B) Subsection (d)(2) (defining tax-exempt passenger fare revenue) is amended to read as follows: "(2) COMMUTER FARE REVENUE.—The term 'commuter fare revenue' means revenue attributable to fares derived from the transportation of persons and attributable to— " (A) amounts paid for transportation which do not exceed 60 cents, " (B) amounts paid for commutation or season tickets for single trips of less than 30 miles, or " (C) amounts paid for commutation tickets for one month or less." (3) Section 6416(b)(2)(H) of such Code (relating to special cases in which tax payments considered overpayments for credit or refund purposes) is amended— (A) by striking out "tax-exempt passenger fare revenue" and inserting in lieu thereof "commuter fare revenue"; and (B) by striking out " ( not including the tax imposed by section 4261, relating to the tax on transportation of persons)". (d) EFFECTIVE DATES.—The amendment made by subsection (c)(1) shall apply only with respect to transportation beginning after November 15, 1962. The amendments made by subsection (c)(2) shall apply only in respect of claims filed with respect to gasoline used on or after November 16, 1962. The amendments made by subsection (c)(3) shall apply only in respect to the use or sale of special fuels made on or after November 16, 1962.

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72 Stat. 1306. ^^ ^^^ ^'*^^-

(e) SPECIAL CREDIT OR REFUND OF TRANSPORTATION TAX.—Notwith-

standing any other provision of law, in any case in which tax has been collected— (1) before November 16, 1962, for or in connection with the transportation of persons which begins on or after November 16, 1962, or (2) after November 15, 1962, and before July 1, 1963, for or in connection with the transportation of persons by air which begins on or after July 1, 1963, the person who collected the tax shall pay the same over to the United States; but credit or refund (without interest) of the tax collected in excess of that applicable (by reason of the >imendmeiits made by this section) shall be allowed to the person who collected the tax as if such credit or refund were a credit or refund under the applicable provision of the Internal Revenue Code of 1954, but only to the extent esA Stat. 3. that, before the time such transportation has begun, he has repaid the ^* ^^^ let seq. anaount of such excess to the person from whom he collected the tax, or has obtained the consent of such person to the allowance of the credit or refund. For the purpose of this subsection, transportation shall not be considered to have begun on or after November 16, 1962, or on or after July 1, 1963, as the case may be, if any part of the transportation paid for (or for which payment has been obligated) commenced before such date. Approved June 28, 1962.

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