DOCUMENTARY STAMP TAXES.

SEC. 401. DOCUMENTARY STAMP TAXES. (a) In General.—Subchapters A (relating to issuance of capital stock, etc.) and B (relating to sales or transfers of capital stock, etc.) of chapter 34 are repealed and the table of subchapters for chapter 34 is amended by striking out the items relating to such subchapters. (b) Conveyances.—Section 4361 (relating to tax on conveyances) is amended by adding at the end thereof the following new sentence: “The tax imposed by this section shall not apply on or after January 1, 1968.” (c) Technical and Conforming Changes.—Section 4381 (relating to definitions) is repealed and the table of sections for subchapter E of chapter 34 is amended by striking out the item relating to such section.