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PUBLIC LAW 93-490-OCT. 26, 1974

[88 STAT.

Public Law 93-490 October 26, 1974

[H. R. 6642]

AN

ACT

To suspend the duties on certain bicycle parts and accessories until the close of December 31, 1976, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That (a) items series, duty sus- 912.05 and 912.10 of the Appendix to the Tariff Schedules of the Reven°uJ c"odroS United States (19 U.S.C. 1202) are each amended by striking out 195!"amendments. "12/31/73" and inseiting in lieu thereof "12/31/76". 19 USC 1202 (b) The amendments made by this section shall apply with respect "°*^' to articles entered, or withdrawn from warehouse, for consumption after December 31, 1973. Certain bicycle parts and a c c e s

SEC. 2. APPLICATION OF SECTION 82 A N D SECTION 217 TO MEMBERS OF UNIFORMED SERVICES. ^^26 USC 217

(a) jj^ GENERAL.—Notwithstanding the provisions of section 82 (relating to reimbursement for expenses of moving) and section 217 26 USC 82, 217. (relating to moving expenses), of the Internal Revenue Code of 1954, the Secretary of the Treasury, in the administration of those sections, is authorized— (1) to enter into an agreement with the Secretary concerned under which the Secretary concerned will not be required to withhold tax on, or to report, moving expense reimbursements made to members of the armed forces; (2) to permit any taxpayer who is a member of the armed forces not to include in adjusted gross income the amount of any reimbursement in kind of moving expenses made by the Secretary concerned; and (3) to permit any taxpayer who is a member of the armed forces to deduct any amount paid by him as moving expenses in connection with any move required by the Secretary concerned, in excess of any reimbursement received for such expenses, without regard to the provisions of section 217(c) (relating to conditions), to the extent it is otherwise deductible under section 217. (b) DEFINITIONS.—For purposes of this section, the term— (1) "armed forces" has the meaning given it by section 101(4) of title 37, United States Code; (2) "Secretary concerned" means the Secretary of Defense and, with respect to the Coast Guard, the Secretary of Transportation; and (3) "adjusted gross income" and "moving expenses" h a r e the meanings given them by sections 62 and 217(b), respectively, 26 USC 62. of the Internal Revenue Code of 1954. (c) Epi^cnvE DATE.—The provisions of this section shall apply with respect to taxable years ending before January 1, 1976. SEC. 3. REPEAL OF REGULATORY T A X E S ON FILLED CHEESE. Repeal. 26 USC 4 8 3 1.

Repeal. 26 USC 7236.

(a) IN GENERAL.—

(1) Part II of subchapter C of chapter 39 (relating to regulatory provisions affecting filled cheese) is repealed. (2) The table of parts of such subchapter is amended by striking out the item relating to part II. (b)

T E C H N I C A L AND CONFORMING C H A N G E S. —

(1) Section^236 (relating to false branding, etc.) is repealed.

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