Pub. L. 83-324, tit. V, sec. 504

TECHNICAL AMENDMENTS.

EnactedYear: 1954Length: 266 wordsOfficial source
SEC. 504. TECHNICAL AMENDMENTS. (a) Termination of Tax Rates Under Section 1650.—Section 1650 (relating to war tax rates of certain miscellaneous taxes) is hereby amended by inserting after “beginning with the effective date of title III of the Revenue Act of 1943” the following: “and ending March 31, 1954,”. (b) Rate Reduction Date.—Section 1659 (relating to definition of “rate reduction date”) is hereby amended to read as follows: “SEC 1659. DEFINITION OF ‘RATE REDUCTION DATE’.“For the purposes of this chapter the term ‘rate reduction date’ means April 1, 1954.” (c) Floor Stocks Refunds on Electric Light Bulbs.—Section 1657 (a) (relating to floor stocks refunds on electric light bulbs) is hereby amended (1) by striking out “the tax that would have been paid if section 1650 had not been applicable” and inserting in lieu thereof the following: “the tax that would have been paid if the applicable rate had been 10 per centum”; and (2) by striking out “prior to the expiration of three months after the rate reduction date” and inserting in lieu thereof the following: “prior to August 1, 1954, based upon a request for reimbursement submitted by such person to the manufacturer or producer of such article prior to July 1, 1954”. (d) Bowling Alleys and Billiard and Pool Tables.—The first sentence of section 3268 (a) (relating to tax on bowling alleys, and billiard and pool tables) is hereby amended to read as follows: “Every person who operates a bowling alley, billiard room, or pool room shall pay a special tax of $20 per year for each bowling alley, billiard table, or pool table.”