Sec. 1906 (a) (5) (amends sec. 6051 of the Code)-receipts for employees This is a clerical amendment striking out a misplaced word. Sec. 1906 (a) (6) (amends sec. 6065 of the Code)-verification of returns This amendment eliminates the authority to require certain returns, statements, and other documents to be verified by oaths, rather than under the penalty of perjury. This authority is not now used and is not expected to be used. Sec. 1906 (a) (7) (repeals sec. 6105 of the Code)-compilation of data for certain excess profits cases This amendment strikes out a provision for the compilation and publication of data with respect to excess profits tax cases under section 722 of the 1939 Code. Sec. 1906 (a) (8) (amends sec. 6111 of the Code)—cross reference This amendment strikes out cross references to a provision relating to cotton futures (see section 1952 of this title) and to provisions relating to narcotics which were repealed by the Comprehensive Drug Abuse Prevention and Control Act of 1970. Chapter 62. Time and Place for Paying Tax Sec. 1906 (a) (9) (amends sec. 6152 of the Code)—installment payments by corporations This amendment strikes out a rule for taxable years ending before December 31, 1954, which allowed a corporation to pay taxes imposed by chapter 1 in four installments. Sec. 1906 (a) (10) (amends sec. 6154 of the Code)-installment payments of estimated income tax by corporations These amendments strike out various transitional rules applicable to installments of estimated tax for taxable years beginning in 1968, 1969, 1970, 1971, 1972, 1973, and 1974. Sec. 1906 (a) (11) (amends sec. 6157 of the Code)-payment of Federal unemployment tax quarterly or on other basis These amendments strike out special rules relating to the computation of Federal unemployment tax for calendar quarters or other periods in 1970 and 1971. Sec. 1906 (a) (12) (repeal of sec. 6162 of the Code)—extension of time for payment of tax on the liquidation of certain personal holding companies This amendment repeals a section dealing with an extension of time for the payment of tax on gain on the liquidation before 1957 of certain personal holding companies. Chapter 63. Assessment Sec. 1906 (a) (13) (amends sec. 6205 of the Code)—relating to the District of Columbia as an employer This is a clerical amendment changing "Commissioner of the District of Columbia" to "Mayor of the District of Columbia" in order to reflect the enactment of the District of Columbia Self Government and Governmental Reorganization Act. Sec. 1906 (a) (14) (amends sec. 6207 of the Code)-cross references The amendment strikes out a cross reference to provisions repealed in 1962. Sec. 1906 (a) (15) (amends sec. 6213 of the Code)-restrictions applicable to deficiencies; petitions to the Tax Court This amendment conforms the provision to the definition of "United States", used in a geographical sense, that appears in section 7701 (a) (9) of the Code. Sec. 1906 (a) (16) (amends sec. 6215 of the Code)-assessment of deficiency found by Tax Court This amendment strikes out an unnecessary citation. Chapter 64. Collection Sec. 1906 (a) (17) (amends sec. 6302 of the Code)-collection of certain excise taxes This is a clerical amendment to strike out references to certain obsolete provisions relating to taxes on coconut and palm oil (repealed in 1962) and on narcotics (repealed in 1970). Sec. 1906 (a) (18) (repeals sec. 6304 of the Code)—collection under the Tariff Act of 1930 This amendment repeals a cross reference to provisions repealed in 1962. Sec. 1906 (a) (19) (amends sec. 6313 of the Code)-fractional parts of a cent This amendment deletes a reference to taxes payable by stamp from the rules pertaining to rounding off fractional parts of a cent in the payment of taxes, since no tax now collected by stamp will be due in fractions of a cent. Sec. 1906 (a) (20) (amends sec. 6326 of the Code)—cross references for sections relating to lier for taxes This provision conforms to current drafting style in striking out unnecessary Statutes at Large citations in paragraphs 2, 3, 4, and 5. Sec. 1906 (a) (21) (amends sec. 6365 of the Code)-definitions and special rules This amendment changes the term "Commissioner of the District of Columbia" to "Mayor of the District of Columbia" to reflect the provisions of the District of Columbia Self Government and Governmental Reorganization Act. Chapter 65. Abatements, Credits, and Refunds Sec. 1906 (a) (22) (amends sec. 6412 of the Code)—floor stocks refunds Subparagraphs (A) and (C) are clerical amendments substituting "Mayor" for "Commissioners" of the District of Columbia to reflect enactment of the District of Columbia Self Government and Governmental Reorganization Act. Subparagraph (B) is a clerical amendment to reflect an increase in the social security wage base ceiling and to strike out certain rules applicable to special refunds or credits of certain employment taxes deducted from wages received in calendar years prior to 1975. A special effective date is provided so that refunds or credits with respect to wages paid in calendar years before 1977 will not be affected. Subparagraph (D) strikes out an obsolete internal effective date (1967). Sec. 1906 (a) (24) (amends sec. 6416 of the Code)-refund or credit of taxes on special fuels Subparagraph (A) is a clerical correction redesignating two subparagraphs in section 6416 (a) (3). Subparagraph (B) deletes provisions relating to credits or refunds of overpayments of taxes imposed on taxable sales or uses under section 4041 of the Code, but ultimately used or resold for exempt purposes (such as a use on a farm for farming purposes). These deleted provisions relate only to uses or resales prior to July 1, 1970. Exempt uses or resales after June 30, 1970, are covered by section 6427 of the Code. Section 6416 of the Code allows a credit to be taken "on any subsequent return" for a number of overpayments, including those described in the deleted provisions of section 6416. It is possible, therefore, that claims for overpayments on account of sales and uses prior to July 1, 1970, may still be open, and, accordingly, the bill provides a special effective date for the deletions made in paragraph (B) to preserve any such claims that may still be open. Sec. 1906 (a) (25) (repeal of sec. 6417 of the Code)—coconut and palm oil This amendment strikes out a section of the Code relating to the former tax on coconut and palm oil that was repealed in 1962. Sec. 1906 (a) (26) (amends sec. 6420 of the Code)-gasoline used on farms Subparagraph (A) deletes obsolete provisions concerning claims for refund with respect to gasoline used before July 1, 1965. Subparagraph (B) corrects a typographical error. Subparagraphs (C) and (D) strike out obsolete effective date provisions (December 31, 1955, and June 30, 1965). Sec. 1906 (a) (27) (amends sec. 6421 of the Code)-gasoline used for nonhighway purposes or by local transit systems Subparagraph (A) strikes out an obsolete internal effective date (June 30, 1970). Subparagraph (B) deletes obsolete provisions relating to claims for refund with respect to gasoline used before July 1, 1965. Subparagraphs (C) and (D) strike out obsolete internal effective dates (June 30, 1956, and June 30, 1965). Sec. 1906 (a) (28) (amends sec. 6422 of the Code)-cross references relating to credits and refunds This amendment deletes unnecessary citations to the Statutes at Large. Sec. 1906 (a) (29) (amends sec. 6423 of the Code)—credit or refund of alcohol and tobacco taxes These amendments delete obsolete internal effective dates (April 30, 1958, April 30, 1959, May 1, 1958, and June 15, 1957) relating to claims for credit or refund and suits filed with respect to alcohol and tobacco taxes. Sec. 1906 (a) (30) (amends sec. 6424 of the Code)—lubricating oil not used in highway motor vehicles These amendments strike out a transitional rule for taxable years beginning in 1966 and an obsolete internal effective date (December 31, 1965) relating to the use of certain lubricating oil. Sec. 1906 (a) (31) (amends sec. 6427 or the Code)—fuels not used for taxable purposes These amendments strike out an obsolete effective date (June 30, 1970) relating to repayment or credit of the tax on use of certain fuels. A special effective date for this provision ("fuel used or resold after June 30, 1970") is provided because credits and refunds for fuels used or resold prior to July 1, 1970, are governed by section 6416(b) of the Code. Chapter 66. Limitations Sec. 1906 (a) (32) (amends sec. 6504 of the Code)-cross references Subparagraph (A) is a clerical amendment to combine several cross references into one paragraph. Subparagraph (B) renumbers the paragraphs of section 6504 of the Code in conformance with the amendment made by subparagraph (A) and the deletion of paragraphs (1), (6), and (7) by paragraphs (36) (C), (37) (D), and (39) (B) of section 1901 (b) of this title. Sec. 1906 (a) (33) (amends sec. 6511 of the Code)-limitations on credit or refund These amendments strike out obsolete internal effective date provisions (September 1, 1959, and December 31, 1965) relating to certain claims for credit or refund. Chapter 67. Interest Sec. 1906 (a) (34) (amends sec. 6601 of the Code)-interest on underpayments This amendment strikes out an obsolete reference to a provision of the 1939 Code relating to interest on estimated tax payments. Chapter 68. Additions to the Tax, Additional Amounts, and Assessable Penalties Sec. 1906 (a) (35) (amends sec. 6654 of the Code)-payment of estimated income tax This amendment strikes out an internal effective date (December 31, 1954) that is no longer needed. Chapter 69. General Provisions Relating to Stamps Sec. 1906 (a) (36) (amends sec. 6802 of the Code)-supply and distribution of stamps This paragraph is a clerical amendment substituting a period for a semicolon. Sec. 1906 (a) (37) (amends sec. 6803 of the Code)—accounting and safeguarding of stamps These amendments redesignate subsections (b) (1) and (2) as subsections (a) and (b) (the previous subsection (a) having been repealed in 1972) and strike out an obsolete cross reference. Chapter 70. Jeopardy, Bankruptcy, and Receiverships Sec. 1906 (a) (38) (amends sec. 6863 of the Code)-stay of collection of jeopardy assessments This amendment strikes out an obsolete internal effective date (January 1, 1955) relating to a stay of sale of seized property pending a Tax Court decision. Chapter 72. Licensing and Registration Sec. 1906 (a) (39) (amends sec. 7012 of the Code)—cross references This amendment strikes out a cross reference to the tax on white phosphorous matches (which is repealed by section 1904 (a) (16) of this title), corrects an erroneous cross reference, and renumbers the remaining subsections. Chapter 73. Bonds Sec. 1906 (a) (40) (amends sec. 7103 of the Code)—cross references This amendment strikes out cross references to taxes on oleomargarine, adulterated butter, filled cheese, opium for smoking, and white phosphorus matches repealed by sections 1904 (a) (15), (16), and (17) of the Act and by legislation enacted in 1962, 1970, and 1974. Chapter 75. Crimes, Other Offenses, and Forfeitures Sec. 1906 (a) (41) (amends sec. 7271 of the Code)—penalties for offense relating to stamps This amendment strikes out an obsolete provision relating to payment of certain taxes by stamp. Sec. 1906 (a) (42) (amends sec. 7272 of the Code)-penalty for failure to register This amendment strikes out cross references to narcotics provisions which were repealed by the Comprehensive Drug Abuse Prevention and Control Act of 1970. Sec. 1906 (a) (43) (amends sec. 7326 of the Code)—disposal of forfeited or abandoned property These amendments correct an erroneous reference and redesignate subsection (c) as subsection (b), the previous subsection (b) having been repealed by the Comprehensive Drug Abuse Prevention and Control Act of 1970. Chapter 76. Judicial Proceedings Sec. 1906 (a) (44) (amends sec. 7422 of the Code)-civil actions for refund These amendments strike out an obsolete internal effective date (June 15, 1942), relating to the effect of certain suits and Tax Court petitions filed after that date. |