Page:United States Statutes at Large Volume 78.djvu/279

 78 STAT. ]

PUBLIC LAW 88-348-JUNE 30, 1964

237

Public Law 68-348 AN ACT

To provide a one-year extension of certain excise-tax rates, and for other purposes.

June 30, 1964

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Be it enacted by the Senate and House of Representatives of the Excise-Tax United States of America In Congress assembled, That this Act may be Extension Act Rate of cited as the "Excise-Tax Rate Extension Act of 1964". 7964. SEC. 2. ONE-YEAR EXTENSION OF CERTAIN EXCISETAX RATES. (a) EXTENSION OF RATES.—The following provisions of the Internal Revenue Code of 1954 are amended by striking out "July 1, 68A u Stat. 1. 26 s e 1 et 1964"' each place it appears and inserting in lieu thereof "July 1, seq 1965' — 77 Stat. 72. (1) section 4061 (relating to motor vehicles); (2) section 4251(b)(2) (relating to termination of tax on general telephone service); (3) section 4261 (relating to transportation of persons by a i r); (4) section 5001(a)(1) (relating to distilled spirits); (5) section 5001(a)(3) (relating to imported perfumes containing distilled spirits); (6) section 5022 (relating to cordials and liqueurs containing wine); (7) section 5041(b) (relating to wines); (8) section 5051(a) (relating to beer); and (9) section 5701(c)(1) (relating to cigarettes). (b)

TECHNICAL AMENDMENTS.—

(1) The following provisions of the Internal Revenue Code of 1954 are amended as follows: (A) Subsections (a) and (b) of section 5063 (relating to floor stocks refunds on distilled spirits, wines, cordials, and beer) are amended by striking out "July 1, 1964" each place it appears and inserting in lieu thereof "July 1, 1965", and by striking out "October 1, 1964" and inserting in lieu thereof "October 1, 1965". (B) Subsections (a) and (b) of section 5707 (relating to floor stocks refunds on cigarettes) are amended by striking out "July 1, 1964" each place it appears and inserting in lieu thereof "July 1, 1965", and by striking out "October 1, 1964" and inserting in lieu thereof "October 1, 1965". (C) Section 6412(a)(1) (relating to floor stocks refunds on automobiles) is amended by striking out "July 1, 1964" each place it appears and inserting in lieu thereof "July 1, 1965", by striking out "October 1, 1964" and inserting in lieu thereof "October 1, 1965", and by striking out "November 10, 1964" each place it appears and inserting in lieu thereof "November 10, 1965". (2) 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, 1964" each place it appears and inserting in lieu thereof "July 1, 1965". (3) Section 5(e) of the Tax Rate Extension Act of 1962 (relating to special credit or refund of transportation tax) is amended by striking out "July 1, 1964" each place it appears and inserting in lieu thereof "July 1, 1965". SEC. 3. LOSSES ARISING FROM CONFISCATION OF PROPERTY BY THE GOVERNMENT OF CUBA. (a) TREATMENT OF LOSSES.—Section 165(i) of the Internal Revenue Code of 1954 (relating to certain property confiscated by Cuba) is amended to read as follows:

Distiiied ^^*" ^' ^*'^*

cigarettes.

Automobiles.

J^^l'^"" ^'^'^^ ^""e use 5701 "°teTransportation ^26 USC 4261 "°*e'

co^fs'Iation^b ^' cuba. '^''^ '°" ^ Ante. p. 128.

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