74T H CONGRESS . SESS.. II. CH. 690. JUNE 22, 1936 .
16 73 ( h ) RE cE ir T s .-Every collec tor to whom any payment of any Receipt on req uest . income tax is made shall upon request give to the person making such payment a full written or printed receipt therefor . SEC. 57. EXAMI NATION OF RETURN AND DETERMINATION OF TAX. As soon as practicable after the return is filed the Commissioner shall examine it and shall determine the correct amount of the tax . SEC. 58. ADDITIONS TO TAX AND PENALTIES . (a) For additions to the tax in case of negligence or fraud in the nonpayment of tax or failure to file return therefor, see Su plement M . (b) For criminal penalties for nonpayment of tax or failure to Criminal penalties. file return therefor, see section 145 .
Post, p.1703. SEC . 59. AD MINI STR ATI VE PROCEEDINGS . For administrative proceedings in respect of the nonpayment or overpayment of a tax imposed by this title, see as follows (a) Supplement L, relating to assessment and collection of deficiencies. (b) Supplement M, relating to interest and additions to tax . (c) Supplement N, relating to claims against tran sfere es an d fiduciaries . (d) Supplement 0, relating to overpayments . Part VI-Miscellaneous Provisions as applicable , are SEC. 64. SHORT TITL E . This title may be cited as the "Income T ax Act of 1936" . Return and determi- nation of tax. Exa mination of. Additions to tax and penalties . N eglig ence or frau d . Post, p. 172 7. Administrative pro- ceed ings . Nonpayments overpayments . or Deficiencies . Post, p. 172L Interest and addi- tions. Post, p.1727. Tr ansfere es and fidu- ciaries . Post, p . 1729. Overpayments . Post, p. 1730. Miscellaneous provi- sions. SEC . 61. LA WS M ADE APPLICABLE . All administrative, special, or stamp provisions the law relating to the assessment of taxes, so far hereby extended to and made a part of this title . SEC. 62. RULES AND REGULATIONS .
Rul es and regula- tions . The Commissioner, with the approval of t he Secretary, shall pre- Publi cati on o f . scri be and pu blish al l needful rules and regulations for the enfor cement of this title . SEC. 63. TAXES IN LI EU OF TAXES UNDER 19 34 ACT .
Taxes i n lieu of 1934 Act . . The taxes imposed by this title and Title IA shall be in lieu of the Vol . 48, p. 683; Ante, taxes imposed by Titles I and IA of the Revenue Act of 1934, as p . 1014, amended. Law s ma de applica- ble . of law, including Administrative, etc ., provisions extended to . Short title. "In co me Tax Act of 1936 ." SUBTITLE C-SUPPLEMENTAL PROVISIONS Supp lement A-Rates of Tax [Supplementary to Subtitle B, Part I] SEC. 101. EXEMPTIONS FROM TAX ON CORPORATIONS .
Exemptions from tax on corp orati ons . The follo wing organ izati ons s hall be ex empt from taxat ion u nder this title- (1) Labor, agricultural, or horticultural organizations ;
Labor, agricultural, etc ., organizations . (2) Mutual savings banks not having a capital stock represented Mutu al savin g s by shares ;
ba nks . Fraternal beneficiary societies orders, or associations, (A) cie ie,lo beneficiary (3)
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societies,
etc . operating under the lodge system or for the exclusive benefit of Supplemental provi- sions . Rates oftax.
