ONE-YEAR EXTENSION OF CERTAIN EXCISE-TAX RATES.

SEC. 202. ONE-YEAR EXTENSION OF CERTAIN EXCISE-TAX RATES. (a) Extension of Rates.—The following provisions of the Internal Revenue Code of 1954 are amended by striking out “July 1, 1960” each place it appears and inserting in lieu thereof “July 1, 1961”— (1) section 4061 (relating to motor vehicles); (2) section 4251(b)(2) (relating to termination of tax on general telephone service); (3) section 4261 (relating to tax on transportation of persons); (4) section 5001(a)(1) (relating to distilled spirits); (5) section 5001(a)(3) (relating to imported perfumes containing distilled spirits); (6) section 5022 (relating to cordials and liqueurs containing wine); (7) section 5041 (b) (relating to wines); (8) section 5051(a) (relating to beer); and (9) section 5701(c)(1) (relating to cigarettes). (b) Technical Amendments.—The following provisions of the Internal Revenue Code of 1954 are amended as follows: (1) Section 5063 (relating to floor stocks refunds on distilled spirits, wines, cordials, and beer) is amended by striking out “July 1, 1960” each place it appears and inserting in lieu thereof “July 1, 1961”, and by striking out “October 1, 1960” and inserting in lieu thereof “October 1, 1961”. 74 Stat. 291 (2) Subsections (a) and (b) of section 5707 (relating to floor stocks refunds on cigarettes) are amended by striking out “July 1, 1960” each place it appears and inserting in lieu thereof “July 1, 1961”, and by striking out “October 1, 1960” and inserting in lieu thereof “October 1, 1961”. (3) Section 6412(a)(1) (relating to floor stocks refunds on automobiles) is amended by striking out “July 1, 1960” each place it appears and inserting in lieu thereof “July 1, 1961”, by striking out “October 1, 1960” and inserting in lieu thereof “October 1, 1961”, and by striking out “November 10, 1960” each place it appears and inserting in lieu thereof “November 10, 1961”. Section 497 of the Revenue Act of 1951 (relating to refunds on articles from foreign trade zones), as amended, is amended by striking out “July 1, 1960” each place it appears and inserting in lieu thereof “July 1, 1961”