45094

HEARINGS

BEFORE THE

COMMITTEE ON FINANCE

UNITED STATES SENATE

EIGHTY-THIRD CONGRESS

SECOND SESSION

ON

H. R. 8300

AN ACT TO REVISE THE INTERNAL REVENUE LAWS
OF THE UNITED STATES

PART 3

APRIL 16, 19, 20, AND 21, 1954

Printed for the use of the Committee on Finance

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON: 1954

COMMITTEE ON FINANCE

EUGENE D. MILLIKIN, Colorado, Chairman

HUGH BUTLER, Nebraska

EDWARD MARTIN, Pennsylvania
JOHN J. WILLIAMS, Delaware
RALPH E. FLANDERS, Vermont
GEORGE W. MALONE, Nevada
FRANK CARLSON, Kansas
WALLACE F. BENNETT, Utah

WALTER F. GEORGE, Georgia
HARRY FLOOD BYRD, Virginia
EDWIN C. JOHNSON, Colorado
CLYDE R. HOEY, North Carolina
ROBERT S. KERR, Oklahoma
J. ALLEN FREAR, JR., Delaware
RUSSELL B. LONG, Louisiana
ELIZABETH B. SPRINGER, Chief Clerk

II

Andrews, Ralph M., chairman, section on taxation, New York State

Bar Association__

1531

Anderson, John W., president, National Patent Council__.

1666

Arent, I. M., attorney, Independent National Gas Association.

1281

Prepared statement.__

1281

Proposed amendment_

1291

Atkins, Edward, executive vice president, National Association of
Shoe Chain Stores----

1151

Balluf, E. J., chairman, special committee on taxation, American

Patent Law Association__.

1684

Report and memorandum.

1685

Barker, Richard B., Bibb Manufacturing Co., Macon, Ga..

Batzell, Elmer E., on behalf of the Independent Refiners Association
of America___.

1218

Becker, G. Robert, on behalf of Capital Finance Corp., Columbus, Ohio. 1378

Bergen, Kenneth W., chairman, tax forum, Boston, Mass.

Brach, Gosswein & Lane, New York, N. Y., and appendix_--

1572

Brainerd, Andrew W., member, Baker, McKenzie, Hightower & Brain-
erd, Chicago, Ill.

Button, Ralph W., member, taxation and fiscal policy committee,

American Retail Federation_____

1397

Prepared and supplemental statements.

1400

Campbell, Rolla D., National Council of Coal Lessors, Inc___

1262

Channing, Henry M., submitted by his attorneys, Laurence M. Chan-
ning, Boston, Mass., and Frank S. Ketcham, Washington, D. C.----

Cleary, George E., New York, N. Y.

Crosby, Laurence A., chairman, tax committee, American Chamber of

Commerce of Cuba____

1632

Prepared statement.

1632

Davidson, John C., director, Government Finance Department of the

National Association of Manufacturers.

1635

Davis, Hon. Clifford, a Representative in Congress from the State of

Tennessee--

1683

Davis, Sherlock, general counsel, United States Cuban Sugar Council

Prepared statement__

1625

1626

Davis, T. C., chairman of the board of directors, Missouri Pacific

Railroad Co----

1514

Denniston, Robert, Mobile, Ala.

1457

Proposed amendments--.

1457

Disney, Wesley E., Washington, D. C.; representing the National
Building Granite Quarries Association, Inc..

1213