REDUCTION OF TAX ON TELEGRAPH DISPATCHES.

SEC. 491. REDUCTION OF TAX ON TELEGRAPH DISPATCHES. (a) Reduction of Tax.—The table contained in section 1650 (relating to the war tax rates of certain miscellaneous taxes) is hereby amended by striking out the following: “3465 (a) (1) (B) (insofar Domestic Telegraph, Cable, or 15 per centum 25 per centum.” as it relates to domestic Radio Dispatches. telegraph, cable, and radio dispatches). (b) Effective Date.—Subject to the provisions of subsection (c), the amendments made by this section shall apply with respect to amounts paid on or after the rate reduction date (as defined in subsection (d)) for services rendered on or after such date. (c) Amounts Paw Pursuant to Bills Rendered.—The amendments made by this section shall not apply with respect to amounts paid pursuant to bills rendered prior to the rate reduction date. In the case of amounts paid pursuant to bills rendered on or after the rate reduction date for services for which no previous bill was rendered, the amendments made by this section shall apply except with respect to such services as were rendered more than 2 months before such date. In the case of services rendered more than 2 months before such date the provisions of sections 1650 and 3465 of the Internal Revenue Code in effect at the time such services were rendered shall be applicable to the amounts paid for such services. (d) Rate Reduction Date.—For the purposes of this section the term “rate reduction date” means the first day of the first month which begins more than 10 days after the date of the enactment of this Act.