H CONG. , IST SESS.-CH. 412 -SEPT. 20 , 1941 AN ACT To provide revenue, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act, divided into titles and sections according to the following Table of Contents, may be cited as the "Revenue Act of 1941": TABLE OF CONTENTS TITLE I-INDIVIDUAL AND CORPORATION INCOME TAXES Sec. 101. Surtax on individuals. Sec. 102. Optional tax on individuals with certain gross income of $3,000 or less. Sec. 103. Corporation defense tax rates incorporated in rate schedules. Sec. 104. Surtax on corporations and termination of defense tax. Sec. 105 . Tax on nonresident alien individuals. Sec. 106 . Tax on foreign corporations. Sec. 107. Withholding of tax at source. Sec. 108 . Treaty obligations. Sec. 109. Reduction in pursuance of treaties of rates of tax and withholding on nonresident alien individuals resident in, and corporations organized under laws of, Western Hemisphere countries. Sec. 110 . Defense tax rates on personal holding companies and transfers to avoid income tax incorporated in rate schedules. Sec. 111 . Personal exemption. Sec. 112 . Returns of income tax. Sec. 113 . Credit for dependents. Sec. 114 . Noninterest-bearing obligations issued at discount. Sec. 115. Short-term obligations issued on a discount basis. Sec. 116 . Information returns with respect to Federal obligations. Sec. 117. Extension of time of orders of Securities and Exchange Commission. Sec. 118. Taxable years to which amendments applicable. TITLE II-ExCESS PROFITS TAX Sec. 201. Excess profits tax rates and credits. Sec. 202 . Deduction of excess-profits tax. Sec. 203 . New capital. Sec. 204. Corporations engaged in mining strategic metals. Sec. 205. Taxable years to which amendments applicable. TITLE III-CAPITAL STOCK TAX AND DECLARED VALUE EXCESS-PBOFITS TAX Sec. 301 . Capital stock tax. Sec. 302. Declared value excess-profits tax-Defense tax rates Incorporated in rate schedule. TITLE IV-ESTATE AND GIFT TAXES 687 September 20,1941 [H. R. 54171 [Public Law 250] Revenue Act of 194L Post,p. 688. Post, p. 699 . Post, p. 703 . Post, p . 704. Sec. 401 . Estate tax rates. Sec. 402 . Gift tax rates. TITLE V-EXCISE TAXES Post, p. 70 . PABT I-1932 EXCISE TAXES MADE PERMANENT Sec. 501. 1932 excise taxes made permanent. Sec. 502. Pipe line tax. Sec. 503 . Technical amendment Sec. 504. Bond tax. Sec. 505. Conveyance tax. PART XI--DEENSE TAX RATES MADE PERMANENT (NO INCBEASE IN TAX AND NO Pot,p . 70O. CHANGE IN BASIS OF TAX) Sec. 521. Defense excise tax rates made permanent which are not increased by this Act. 55 STAT.] 77T [CHAPTER 4121
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