SIXTY-SEVENTH CONGRESS. Sess. I. Ch. 136. 1921. 319 Losr STAMPS Fon TOBACCO, cronies, AND so ronrn. EEVENEE EEE °E ml- Lost stamps, etc. Sec. 1330. That section 3315 of the Revised Statutes, as amended, a §;E*°mP*E€ P°°*· is re-enacted without change, as follows: g ` "SEc. 3315. The Commissioner of Internal Revenue may, under r_}E§E;Q::*;Q‘;*;{fEgdll;¤ regulations prescribed by him with the approval of the Secretary of avg1<1a1>1y1¤st, gte. ` the Treasury, issue stamps for restamping packages of distilled spirits, $;,if‘:,?f‘;;?°{§g{"°‘3· tobacco, cigars, snuff, cigarettes, fermented liquors, and wines which have been uly stam ed ut from which the stamps have been lost or destroyed by unavoidiable accident." CONSOLIDATED RETURNS Fon YEAR 1917. ,,,,$,‘{§Q’{’§#i“t°d ’°` Sec. 1331. _(a) That Title II of the Revenue Act of 1917 shall be m§?,§%'f,‘l,$’}§pZ°§,}§§ construed to impose the taxes therein mentioned upon the basis of gggggygggmvswiconsolidated returns of net income and invested capital in the case of Vol.40,p.·302. domestic corporations and domestic partnerships t at were aiiiliated during the ca endar year 1917. _ _ (b) For the p1u·pose of this section a corporation or partnership ‘§:1;?;*°;‘,‘i°t’,;i*;f:cd,; was aiiiliated with one or more corporations or partnerships (1) when emit anim. such corporation or partnership owned directly or contro ed through closely aiiiliated interests or by a nominee or nominees all or su - ufogyd bv =·¤¤¤i¤- stantially all the stock of the other or others, or (2) when substan- ` tially all the stock of two or more corporations or the business of two Pmm or more partnerships was owned by the same interests: Provided, me same business, That such corporations or partnerships were engaged in the same or °°°‘ a closely related business, or one corporation or partnership bought from or sold to another corporation or partnership tproducts or services at prices above or below the current market, us effecting an artificial distribution of rofits, or one co ration or partnership in any way so arranged its gnancial relation.;-h}§>s with another corporation or partnership as to to it a disproportionate share of net Application to pun income or invested capital. or the purposes of this section, public g'Zm§°"l°° °°'P°'“' service corporations w 'ch (1) were operated independently, (2i, were not physically connected or merged and (3) did not I'0C61VB special permission to make a consolidated return, shall not be construed to R 1 d ave been affiliated; but a railroad or other public utilit which was ed E,i'?3a5§€iiAi°K}EI owned by an industrial corporation and was operatedy as a (plant P°’““°’”·°’°· facility or as an integral part of a group organization of aiiiliate corporations which were required to file a consolidated return, shall be construed to have been affiliated. (c) The provisions of this section are declaratory of the provisions ”g§$‘f"°"’°"°°‘°‘ of Title II of the Revenue Act of 1917. Vvl-4v.p.¤<¤· ALTERNATIVE Tax ON PERSONAL smzvicn conronarrons. m§@*°°""‘°°°°'· Sec. 1332. (a) That if either subdivision (e) of section 218 of the ,°;,*‘;,‘§f§§‘}},*,8f‘{g2,°‘{§ Revenue Act of 1918 or subdivision (d) of section 218 of this Act is preset?} law decided by Hnal adjudication declared invalid, there shall, in addition to all m{}2;_4b,p_wm_ other taxes, be levied, collected, and aid on the net income (as ·*””·PP·”“·”*· deiined in section 232) received during tliie calendar years 1918, 1919, 1920, and 1921, by every ersonal service corporation (as defined in section 200) included witliiin the provisions of such subdivisions, a uEq¤¤l to dcorp¤r¤— tax e ual to the taxes imposed by Titles II and III_of the Revenue p$;t?{,§c_°‘°°S° Act of 1918 and, in the case of income received during the calendar wggfl- *°» W ‘°58· yca&)1g211, by Titles II and III of this A3;. han gm- such event every suc erson service corporation s , .° E ° ° on or before the fifteenth day of Sie sixth month following the date igalgciililstigiliuh of of entry of decree upon such final adjudication, make a return of any income received during each of the calendar years 1918, 1919, 1920,
