SEVENTIETH CONGRESS . SEss . I. CH. 852 . 1928 .
863 beginning distraint or a proceeding in court (and in any event, if a
ESTATE TAX proceeding in respect of the deficiency is placed on the docket of the Board, until the decision of the Board becomes final), and for 60 Bo Uardntiletc decision of ,
. days thereafter ."
Applicable to pres . (b) Subsection (a) of this section shall apply in all cases where cut cases. the period of limitation has not expired prior to the enactment of this Act . SEC . 403 . SAME-TRANSFEREE CASES .
Transferee cases . (a) Section 316(c) of the Revenue Act of 1926 is amended to read e vo1 .44, p . 81, amend- as follows :
Suspension of run- "(c) The running of the statute of limitations upon the assessment ning , of statute, during of the liabilit y of a transferee or fiduciary shall, after the mailing g prohibition of assess- of
etc. of the notice under subdivision (a) of section 308 to the transferee or fiduciary, be suspended for the period during which the Commis- sioner is prohibited from making the assessment in respect of the liability of the transferee or fiduciary (and in any event, if a pro- ceeding in respect of the liability is placed on the docket of the Unt il decision of Board, until the decision of the Board becomes final), and for 60 Board, etc . days there after ."
Applicable to present (b) Subsec tion ( a) of this s ection shall apply in all cases where cases . the period of limitation has not expired prior to the enactment of this Act . SEC. 404. CREDIT OF GIFT TAX.
Gift tax, etc. Provisions revived. Section 322 of the Revenue Act of 1924 (relating to the credit of Vol.43,p. 315. gift tax a gainst estat e tax where the amo unt of the g ift is requi red to be included in the gross estate of the decedent) is revived as of January 1, 1926 (the effective date of its repeal by the Revenue Act Vol.44,p.86. of 1926) . Such section shall also be applied in the case of the estate tax imposed by Title III of the Revenue Act of 1926, in the same manner and to the same extent as in the case of the estate tax imposed by Title III of the Revenue Act of 1924. Part 11-Tax on Admissions and Dues
TAX ON AD E S Sfoxs AND DUES SEC . 411 . ADMIS SIONS TAX . (a) The first two paragraphs of section 500 of the Revenue Act of 1926 are amended to read as follows " S EC . 50 0 . ( a) There shall be levied, a ssessed, collected , and pai d- "(1) A tax of 1 cent for each 10 cents or fraction thereof of the amount paid for admission to any place, including admission by season ticket or subscription, to be paid by the person paying for such admission ; except that in case the amount paid for admission is $3 or less, no tax shall be imposed, and except that in case of admission to a prize fight, or boxing, sparring, or other pugilistic match or exhi- bition, for which the amount paid for admission is $5 or more, the tax shall be 25 per centum of such amount : Provided, That an equ ivalen t tax shall be col lected on al l free or com plimen tary t ick- ets or admissions to such prize fight, or boxing, sparring, or other pugilistic match or exhibition and the tax shall be on the amount for which a similar seat or box is sold at the said match or exhi- bition. Amounts paid for admission by season ticket or subscrip- tion shall be exempt only if the amount which would be charged to the holder or subscriber for a single admission is $3 or less ;" . (b) Subsection (a) of this section shall take effect on the expira- tion of thirty days after the enactment of this Act . Admissions tax . Vol. 44, p. 91, amend- ed. Rates . No tax if admission $3 or less. For prize fights, etc. Proviso. Equivalent for com- plimentary tickets, etc . Season tickets. Effective in 30 days.
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