CODIFICATION OF INTERNAL REVENUE LAWS SEC. 3497. REGULATIONS. The Commissioner, with the approval of the Secretary, shall pre- scribe such rules and regulations as may be necessary to carry out all provisions of this chapter, except Subchapter B. SEC. 3498. EFFECTIVE DATE OF SUBCHAPTER. This subchapter shall take effect on the first day of that calendar month occurring next after the enactment of this title. SUBCHAPTER B-IMPORTATION SEC. 3500. RATE OF TAX. In addition to any other tax or duty imposed by law, there shall be imposed, under such regulations as the Commissioner of Customs shall prescribe, with the approval of the Secretary, a tax upon articles imported or brought into the United States as follows: (1) On all manufactured sugar testing by the polariscope ninety-two sugar degrees, 0.465 cent per pound, and for each addi- tional sugar degree shown by the polariscopic test, 0.00875 cent per pound additional, and fractions of a degree in proportion; (2) On all manufactured sugar testing by the polariscope less than ninety-two sugar degrees 0.5144 cent per pound of the total sugars therein; (3) On all articles composed in chief value of manufactured sugar 0.5144 cent per pound of the total sugars therein. SEC. 3501. ASSESSMENT AND PAYMENT. Such tax shall be levied, assessed, collected, and paid in the same manner as a duty imposed by the Tariff Act of 1930, 46 Stat. 590, 672 (U. S. C. Title 19, c. 4) and shall be treated for the purposes of all provisions of law relating to the customs revenue as a duty im- posed by such Act, except that for the purposes of sections 336 and 350 of such Act (the so-called flexible-tariff and trade-agreements provisions) such tax shall not be considered a duty or import restric- tion, and except that no preference with respect to such tax shall be accorded any articles imported or brought into the United States. SUBCHAPTER C-GENERAL PROVISIONS SEC. 3506. PENALTY FOR OFFICIALS INVESTING OR SPECULATING IN SUGAR. No person shall, while acting in any official capacity in the ad- ministration of this chapter, invest or speculate in sugar or liquid sugar, contracts relating thereto, or the stock or membership interests of any association or corporation engaged in the production or manu- facturing of sugar or liquid sugar. Any person violating this section shall upon conviction thereof be fined not more than $10,000 or imprisoned not more than two years, or both. SEC. 3507. DEFINITIONS. For the purposes of this chapter- (a) PEBsoN. -The term "person" means an individual, partnership, corporation, or association. (b) MANUFACTURED SuGAR.- The term "manufactured sugar" means any sugar derived from sugar beets or sugarcane, which is not to be, and which shall not be, further refined or otherwise improved in quality; except sugar in liquid form which contains nonsugar solids (excluding any foreign substance that may have been added) equal to more than 6 per centum of the total soluble solids, and except also sirup of cane juice produced from sugarcane grown in conti- nental United States. The grades or types of sugar within the meaning of this defini- tion shall include, but shall not be limited to, granulated sugar, lump sugar, cube sugar, powdered sugar, sugar in the form of blocks, 428
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