Page:United States Statutes at Large Volume 88 Part 2.djvu/235

 88 STAT. ]

PUBLIC LAW 93-499-OCT. 29, 1974

" (b) PERMISSIBLE DISCLOSURE.—A disclosure otherwise prohibited by subsection (a) may be made in connection with the administration or civil or criminal enforcement of any tax imposed by this title. However, any document or information so disclosed may not be— "(1) divulged or made known in any manner whatever by any officer or employee of the United States to any person except in connection with the administration or civil or criminal enforcement of this title, nor "(2) used, directly or indirectly, in any criminal prosecution for any offense occurring before the date of enactment of this section. "(c) U S E OF DOCUMENTS POSSESSED BY TAXPAYER.—Except in connection with the administration or civil or criminal enforcement of any tax imposed by this title— "(1) any stamp denoting payment of the special tax under this chapter, "(2) any original, copy, or abstract possessed by a taxpayer of any return, payment, or registration made by such taxpayer pursuant to this chapter, and "(3) any information come at by the exploitation of any such document, shall not be used against such taxpayer in any criminal proceeding. " (d) INSPECTION BY COMMPITEES OF CONGRESS.—Section 6103(d) shall apply with respect to any return, payment, or regi^ration made pursuant to this chapter.". (2) The table of sections for such subchapter is amended by adding at the end thereof the following: "SEC. 4424. Disclosure of wagering tax in information.",

1551

26 USC eioa.

(d) EFFECTIVE DATE.—

(1) IN GENERAL.—The amendments made by this section take 26 USC 4401 effect on December 1, 1974, and shall apply only with respect to "° ^' wagers placed on or after such date. (2)

T R A N S I T I O N A L RULES.—

26 USC 4411

(A) Any person who, on December 1, 1974, is engaged in "°*^an activity which makes him liable for payment of the tax imposed by section 4411 of the Internal Revenue Code of 1954 26 USC 44i 1. (as in effect on such date) shall be treated as commencing such activity on such date for purposes of such section and section 4901 of such Code. '26 USC 4901. (B) Any person Who, before December 1, 1974.— occupational (i) became liable for and paid the tax imposed by sec- *^''' li^^i^^ytion 4411 of the Internal Revenue Code of 1954 (as in effect on July 1, 1974) for the year ending June 30, 1975, shall not be liable for any additional tax under such section for such year, and (ii) registered under section 4412 of such Code (as in 26 USC 4412. effect on July 1, 1974) for the year ending June 30, 1975, shall not be required to reregi^er under such section for such year. Approved October 29, 1974.

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