73d CONGRESS . SESS . I. CII. 90. JUNE 16, 1933.
209 (2) the repea l of the eight eenth amen dmen t to the C onst i- Repeal of eighteenth amend cut . tution,
Post, p.1720. whichever is the earlier . (b) Effective as of the 1st day of the calendar year following the Ta 4ed u uc~s s. date so proclaimed section 617(a) of the Revenue Act of 1932, as amended, is amended by striking out " 1 1/2 cents " and inser ting i n lieu thereof " 1 cent ". (c) The tax on dividends imposed by section 213 shall not apply Ante, p. 206 . to any dividends declared on or after the 1st day of the calendar ye ar fol lowing the d ate so procl aimed . (d) The capital-stock tax imposed by section 215 shall not apply p41,ie, p » 207; post, to any 1~txpayer in respect of any year beginning on or after the 1st day of July following the date so proclaimed . (e) The exces s-prof its ta x impo sed by sectio n 216 shall not ap ply p Ante, p. 208 ; post, 771 . to any taxpayer in respect of any taxable year after its taxable year during which the date so proclaimed occurs .
Sections repealed . SEC . 218 . (a) Effective as of January 1, 1933, sections 117, 23(i), Vol. 47, pp. 180, 207, 169, 187, and 205 of the Revenue Act of 1932 are repealed .
222, 223, 227 . (b) Effective as of January 1, 1933, section 23(r) (2) of the Reve- Vol.47,p. 183. nue Act of 1932 is repealed . (c) Effective as of January 1, 1933, section 23(r) (3) of the Reve- Section amended. nue Act of 1932 is amended by striking out all after the word " Ter- vol.47, p. 183. ritory " and inserting a period . (d) Effective as of January 1, 1933, section 182(a) of the Revenue Vol . 47,p.222. Act of 1932 is amended by inserting at the end thereof a new sentence as follows : " No part of any loss disallowed to a partnership as a deduction by section 23(r) shall be allowed as a deduction to a Vol . 47,p .183 . member of such partnership in computing net income ." (e) Effective as of January 1, 1933, section 141 (c) of the Revenue cons7,atea return Act of 1932 is amended by striking out "except that for the taxable of corporations . years 1932 and 1933 there shall be added to the rate of tax pre- scribed by sections 13(a), 201(b), and 204(a), a rate of three fourths of 1 per centum " and inserting in lieu thereof the following : " except that for the taxable years 1932 and 1933 there shall be added to the rate of t ax prescr ibed by s ections 1 3(a), 201 (b), and 204(a), a rate of three f ourths of 1 per ce ntum a nd exc ept tha t for the ta xable years 1934 and 1935 there shall be added to the rate of tax prescribed by sections 13(a), 201(b), and 204(a), a rate of 1 per centum " . (f) No interest shall be assessed or collected for any period prior . A ssess ment, etc., of to September 15, 1933, upon such portion of any amount determined temher 15, 1933. as a defi ciency in income t axes as i s attribu table sol ely to th e amend- ments made to the Revenue Act of 1932 by this section . (g) In cases where the effect of this section is to require for a Time for making re- ta xable year e nding prior to Jun e 30, 1933, t he mak ing of an in come- tur n hereunder . tax return not otherwise required by law, the time for making the return and paying the tax shall be the same as if the return was for a fiscal year ending June 30, 1933 . (h) Section 55 of the Revenue Act of 1932 is amended by inserting a Revenue t of 1932, before the period at the end thereof a semicolon and the following : Vol . i189etnrns . 44 and all returns made cinder this Act after the date of enactment of the National Industrial Recovery Act shall constitute public records and shall be open to public examination and inspection to such extent as shall be authorized in rules and regulations promul- gated by the President " . SEC . 219 . Section 500 (a) (1) of the Revenue Act of 1926, as p.803 vo1.44,p »9 1 ;vo1,45 . . amended, is amended by striking out the period at the end of the Tax on admissions second sentence thereof and inserting in lieu thereof a comma and and dues . the following : "except that no tax shall be imposed in the case of persons admitted free to any spoken play (not a mechanical repro- 86637 •-34-14
