Lapas attēli
PDF
ePub

FOREWORD.

This comparison sets forth in parallel columns the corresponding provisions of the revenue acts of 1918 and 1921, in the exact language of the acts. The amendments made by the Merchant Marine Act, 1920, to the Revenue Act of 1918 are indicated by footnotes, and the amendments made by the China Trade Act, 1922, to the Revenue Act of 1921 are shown as a part of the 1921 act with proper notations. The order of the comparison follows that of the Revenue Act of 1921.

In order to afford a ready comparison of the surtax rates for the year 1921 and for the year 1922 and thereafter, as provided by the act of 1921, with the rates of the act of 1918, it has been necessary to duplicate the rates of the latter act.

The copy for this volume was prepared shortly after the existing law was enacted, but was used only as a reference in the Committee on Ways and Means. Subsequently the need for an index arose, and Mr. Albert Reid of the Government Printing Office was detailed to assist in this work.

Acknowledgments are made to Mr. Reid for his work on the index and in editing the proofs and to the Treasury Department for checking the volume.

CLAYTON F. MOORE,
Clerk to the Committee.

JANUARY 5, 1923.

V

COMPARISON OF THE REVENUE ACTS OF 1918 AND 1921.

Act of 1921.

Act of 1918.

[PUBLIC-NO. 98-67TH CONGRESS.]

[H. R. 8245.]

AN ACT To reduce and equalize taxation, to provide revenue, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

TITLE I.-GENERAL DEFINITIONS.

SECTION 1. That this Act may be cited as the "Revenue Act of 1921.”

SEC. 2. That when used in this Act

(1) The term "person" includes partnerships and corporations, as well as individuals;

(2) The term "corporation" includes associations, joint-stock companies, and insurance companies;

(3) The term "domestic" when applied to a corporation or partnership means created or organized in the United States;

(4) The term "foreign" when applied to a corporation or partnership means created or organized outside the United States;

(5) The term "United States" when used in a geographical sense includes only the States, the Territories of Alaska and Hawaii, and the District of Columbia; (6) The term "Secretary" means the Secretary of the Treasury; (7) The term Commissioner means the Commissioner of Internal Revenue; (8) The term "collector" means collector of internal revenue;

[ocr errors]
[ocr errors]
[blocks in formation]

[PUBLIC NO. 25-65TH CONGRESS.]
[H. R. 12863.]

AN ACT To provide revenue, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

TITLE I.-GENERAL DEFINITIONS.1

SEC. 1405. That this Act may be cited as the "Revenue Act of 1918.' SECTION 1. That when used in this Act

The term "person" includes partnerships and corporations, as well as individuals;

The term "corporation" includes associations, joint-stock companies, and insurance companies;

The term "domestic" when applied to a corporation or partnership means created or organized in the United States;

The term "foreign" when applied to a corporation or partnership means created or organized outside the United States;

The term "United States" when used in a geographical sense includes only the States, the Territories of Alaska and Hawaii, and the District of Columbia;

The term "Secretary" means the Secretary of the Treasury;

[ocr errors]

The term "Commissioner means the Commissioner of Internal Revenue; The term "collector" means collector of internal revenue;

The term "Revenue Act of 1916" means the Act entitled "An Act to increase the revenue, and for other purposes," approved September 8, 1916;

The term "Revenue Act of 1917" means the Act entitled "An Act to provide revenue to defray war expenses, and for other purposes, approved October 3, 1917;

[ocr errors]

The term "taxpayer" includes any person, trust or estate subject to a tax imposed by this Act;

The term "military or naval forces of the United States" includes the Marine Corps, the Coast Guard, the Army Nurse

1

[blocks in formation]

Army Nurse Corps, Female, and the Navy Nurse Corps, Female, but this shall not be deemed to exclude other units otherwise included within such terms; and

(11) The term "Government contract" means (a) a contract made with the United States, or with any department, bureau, officer, commission, board, or agency, under the United States and acting in its behalf, or with any agency controlled by any of the above if the contract is for the benefit of the United States, or (b) a subcontract made with a contractor performing such a contract if the products or services to be furnished under the subcontract are for the benefit of the United States. The term "Government contract or contracts made between April 6, 1917, and November 11, 1918, both dates inclusive" when applied to a contract of the kind referred to in clause (a) of this subdivision, includes all such contracts which, although entered into during such period, were originally not enforceable, but which have been or may become enforceable by reason of subsequent validation in pursuance of law.

(12) A corporation organized under the China Trade Act, 1922, shall, for the purposes of this Act, be considered u domestic corporation.2

Corps, Female, and the Navy Nurse Corps, Female, but this shall not be deemed to exclude other units otherwise included within such term;

The term "Government contract" means (a) a contract made with the United States, or with any department, bureau, officer, commission, board, or agency, under the United States, and acting in its behalf, or with any agency controlled by any of the above if the contract is for the benefit of the United States, or (b) a subcontract made with a contractor performing such a contract if the products or services to be furnished under the subcontract are for the benefit of the United States. The term "Government contract or contracts made between April 6, 1917, and November 11, 1918, both dates inclusive" when applied to a contract of the kind referred to in clause (a) of this paragraph, includes all such contracts which, although entered into during such period, were originally not enforceable, but which have been or may become enforceable by reason of subsequent validation in pursuance of law;

The term "present war" means the war in which the United States is now engaged against the German Govern

ment.

For the purposes of this Act the date of the termination of the present war shall be fixed by proclamation of the President.

2 Matter in italic an amendment made by the China Trade Act, 1922.

« iepriekšējāTurpināt »