Pub. L. 85-866, tit. I, sec. 55
REAL PROPERTY SUBDIVIDED FOR SALE.
SEC. 55. REAL PROPERTY SUBDIVIDED FOR SALE.Section 1237 (a) (1) (relating to real property subdivided for sale) is amended by striking out “or, in the same taxable year” and inserting in lieu thereof “and, in the same taxable year”.