Page:United States Statutes at Large Volume 79.djvu/206

 166

70 Stat. 89.

PUBLIC LAW 89-44-JUNE 21, 1965

[79 STAT.

For purposes of this paragraph^ a person's taxable year shall be his taxable year for purposes of subtitle A, except that a person's first taxable year beginning after June 30, 1966, shall include the period after June 30, 1965, and before the beginning of such first taxable year." ^3^ TECHNICAL AMENDMENT.—Subsection (d) of section 6420 (relating to exempt sales, etc.) is amended by striking out "paid" in the first sentence and inserting in lieu thereof "payable", (b) GASOLINE USED FOR CERTAIN NONHIGHWAY PURPOSES OR BY LOCAL TRANSIT SYSTEMS.—

70 Stat. 394.

^^j^ j ^ GENERAL.—Section 6421 (relating to gasoline used for certain nonhighway purposes or by local transit systems) is amended— (A) by striking out "If" in subsections (a) and (b) and inserting in lieu thereof "Except as provided in subsection (i), if"; and (B) by r e d e s i ^ a t i n g subsection (i) as (j), and by inserting after subsection (h) the following new subsection: "(i)

68A Stat. 163.

INCOME TAX CREDIT I N L-IEU OF PAYMENT.— "(1) PERSONS NOT SUBJECT TO INCOME TAX.—Payment shall be

made under subsections (a) and (b) with respect to gasoline used after June 30, 1965, only to— " (A) the United States or an agency or instrumentality thereoi, a State, a political subdivision of a State, or an agency or instrumentality of one or more States or political subdivisions, or " (B) all orgauization exempt from tax under section 501(a) (other than an organization required to make a return of the tax imposed under subtitle A for its taxable year). "(2^ EXCEPTION.—Paragraph (1) shall not apply to a payment of a claim filed under subsection (c)(3)(B). "(3)

ALLOWANCE OF CREDIT AGAINST INCOME TAX.—

To r allowance of credit against the tax imposed by subtitle A for gasoline used after June 30, 1965, see section 39."

Post, p. 167.

(2) T I M E FOR PILING CLAIMS; PERIOD COVERED.—Subsection (c) of

72 Stat. 1312.

section 6421 (relating to time for filing claim; period covered) is amended— (A) by striking out "GENERAL RUT^E.—Except as provided in paragraph (2) " in paragraph (1) and inserting in lieu thereof "GASOLINE USED BEFORE JULY i, 1965.—Except as provided in paragraphs (2) and (3) "; (B) by striking out "If" in paragraph (2) and inserting in lieu thereof "Except as provided in paragraph (3), if"; and (C) by adding at the end thereof the following new paragraph: "(3)

G A S O L I N E USED AFTER J U N E 30, 1965. —

" (A) IN GENERAL.—In the case of gasoline used after June 30, 1965— " (i) except as provided in subparagraph (B), not more than one claim may be filed under subsection (a), and not more than one claim may be filed under subsection (b), by any person with respect to gasoline used during his taxable year; and "(ii) no claim shall be allowed under this subparagraph with respect to gasoline used during any taxable year unless filed by sudi person not later than the time prescribed by law for filing an income tax return for such taxable year.

�