830 Exemption. Effective dates . Title V-Nonresi- dent alien individuals . Tax on. 49 Stat . 1714. Exemp tion . 49 Stat . 1715. No United States business or office and gross income of more than $21,600 . 49 Stat .1715. Amendments, when effective. R esid ents of cont ig- uous countries . 49 Stat . 1714. Title VI-Miscella- neous . Corporations ex- cepted from certain surtax . Provisions mod . ified . 49 Stat . 1676. Corporations ex- ce pted . Personal holding company . Ante, p . 814. 75Th CONGRESS, 1sT SESSION-CH . 815-AUGUST 26, 1937 trustee or conditioned upon a contingency ; but subject to such c ondi tion s, l imit atio ns, and exceptions and under such regu- lations as may be prescribed by the Commissioner, with the approval of the Secretary, a fiduciary required by this para- graph to file a return may be exempted from the requirement of filing such return." SEC . 403. EF FECT IVE DATES . The amendments made by this title shall apply only with respect to taxable years beginning after December 31, 1936 . TITLE V-NONRESIDENT ALIEN INDIVIDUALS SEC. 501 . TAX ON NO NRES IDEN T AL IEN INDI VIDU ALS . (a) Section 211 (a) of the Revenue Act of 1936 is amended by adding at the end thereof a new sentence to read as follows : "The tax imposed by this subsection shall not apply to any individual if the aggregate amount received during the taxable year from the sources above specified is more than $21,600 . " (b) Section 211 of the Revenue Act of 19 36 is further amended by adding at the end thereof a new subsection to read as follows " (c) No UNITED STATES BUSINESS OR OFFICE AND GROSS INCOME OF MORE THAN $21,600.-A nonresident alien individual not engaged in trade or business within the United States and not having an office or place of business therein who has a gross income for any taxable year of more than $21,600 from the sources specified in subsection (a), shall be taxable without regard to the provisions of subsection ( a) , except that- "(1) The gross income shall include only income from the sources specified in subsection (a) ; and "(2) The deductions (other than the so-called charitable deduction' provided in section 213 (c)) shall be allowed only if and to the extent that they are properly allocable to the gross income from the sources specified in subsection (a) ; and "(3) The aggregate of the normal and sur tax unde r se ctio ns 11 and 12 shall, in no case, be less than 10 per centum of the gross income from the sources specified in subsection (a) ." (c) The amendments made by su bsections (a) and (b)- (1) Shall apply only to taxable years beginning after Deoem- ber 31, 1936 ; and ) Shall not apply to a resident of a contiguous country so 1042 as there is in effect a treaty with such country (ratified prior to the date of the enactment ofthis Act) under which rates of tax under section 211 (a ), prior to its amendment by subsection (a), were reduced. TITLE VI-MISCELLANEOUS SEC. 601 . CORPORATIONS EXCEPTED FROM SECTION 10 2. (a) Section 102 (a) of the Revenue Act of 1936 is amended by striking out "(other than a personal holding company as defined in section 351)" and inserting in lieu thereof "(except as provided in subsection (f) )". (b) Such section 102 is further amended by adding at the end thereof a new subsection to read as follows "(f) CORPORATIONS EXCEPTED.-This section shall not apply to any corporation- "(1) With respect to a taxable year beginning after December 31, 1936, if the corporation is with respect to such year a personal holding company as defined in section 352 .
