EXTENSION OF TEMPORARY PROVISIONS RELATING TO LIFE INSURANCE COMPANIES.

SEC. 105. EXTENSION OF TEMPORARY PROVISIONS RELATING TO LIFE INSURANCE COMPANIES. (a) Tax for 1953.—Sections 201 (a) (1) (relating to imposition of tax on life insurance companies), 203A (relating to 1951 and 1952 adjusted normal-tax net income of life insurance companies), and 433 (a) (1) (H) (relating to excess profits net income of life insurance companies) are each hereby amended by striking out “1951 and 1952” wherever appearing therein and inserting in lieu thereof “1953”. (b) Effective Date.—The amendments made by subsection (a) shall apply only to taxable years beginning in 1953. The application of the amendment to section 201 (f) (relating to disallowance of double deductions) made by section 336 (c) (2) of the Revenue Act of 1951 is hereby extended to taxable years beginning after December 31, 1952.