jalules, ch COMPARISON OF THE REVENUE ACTS OF 1936 AND 1938 PREPARED FOR THE USE OF THE COMMITTEE ON WAYS AND MEANS UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON: 1938 DEPOSITED BY THE UNITED STATES OF AMERICA JAN 3 '39 EXPLANATORY NOTE This compilation is designed to set forth a comparison of the text of the Revenue Act of 1936, as amended up to May 28, 1938, and the text of the Revenue Act of 1938. Titles I and IA (the income tax) of the 1938 act did not amend, or repeal and reenact, the corresponding titles of the 1936 act, as amended. A comparison of the provisions of such titles in the two acts is shown by the use of roman type, stricken-through type, and italic type. In those titles, and in that part of the table of contents relating to them, roman type indicates the matter which is identical in both acts, and the differences between them are shown by strickenthrough type, which indicates matter in the 1936 act, as amended, not contained in the 1938 act, and by italic type, which indicates matter in the 1938 act not contained in the 1936 act, as amended. In cases in which the 1936 act was amended prior to the enactment of the 1938 act, the amendatory matter is set forth as if it were a part of the 1936 act as originally enacted. Thus, the amendments made to the Revenue Act of 1936 by the Revenue Act of 1937 are not separately indicated and are in roman type (or stricken-through type if amended by the 1938 act). In titles other than titles I and IA, where the 1936 act, as amended, is amended by the 1938 act, the typographical devices employed in the case of the income-tax titles are used to show the textual changes made by the amendments. Where the 1938 act amended provisions of law other than the 1936 act, a comparative print is set forth of the provision of amended earlier law and the 1938 act. In both the above cases roman type indicates matter which is identical in both provisions, stricken-through type indicates matter omitted by the later provision, and italic type indicates new matter added by the later provision. Footnotes are used to indicate changes not readily apparent by the use of typographical devices. In this part of the compilation the comparison is made between the text of provisions as they existed immediately before and after the enactment of the 1938 act. In most cases the numerical sequence of the titles of the 1936 act has been followed. In some cases, for convenience of comparison, this order has been departed from. Appropriate notes indicate transpositions and the page where the provisions may be found. Cross references under various sections of each act furnish the page numbers upon which sections with corresponding numbers of the other act may be found. III Revenue Act of 1936 (Public No. 740, 74th Congress [H. R. 12395]) Revenue Act of 1938 (Public No. 554, 75th Congress [H. R. 9682]) Date of Enactment, May 28, 1938 AN ACT To provide revenue, equalize taxation, and for other purposes. Be it enacted by the Senate and House of Representa- Sec. 13. Normal tax on corporations Tax on corporations in general. Sec. 14. Surtax on undistributed profits Tax on special classes of cor- (1) |