PUBLIC LAWS-CH. 412 -SEPT. 20, 1941 54 Stat. 521. 26 U. S .C. §1001 (d). (b) YEARS TO WHICH AMENDMENTS APPLICABLE.- The amendments made by this section shall be applied in computing the tax for the calendar year 1942 and each calendar year thereafter (but not the tax for the calendar year 1941 or a previous calendar year), and such amendments shall be applied in all computations in respect of the calendar year 1941 and previous calendar years for the purpose of computing the tax for the calendar year 1942 and any calendar year thereafter. (c) DEFENSE TAX REPEALED.- Section 1001 (d) of the Internal Revenue Code (relating to defense tax for five years on gifts) is repealed. TITLE V-EXCISE TAXES Part I-1932 Excise Taxes Made Permanent SEC. 501. 1932 EXCISE TAXES MADE PERMANENT. 53 Stat.42. Section 3452 of the Internal Revenue Code (relating to expiration 26U. C1. of 1932 excise taxes) is repealed. SEC. 502. PIPE LINE TAX. 53 Stat. 421; 54 Stat. 522. 26U. S . C . 13460(a). Section 3460 (a) of the Internal Revenue Code (relating to ter- mination of tax on transportation by pipe line) is amended by strik- ing out "originating before July 1, 1945". SEC. 5.03. TECHNICAL AMENDMENT. 53 Stat. lb, 407,409. The heading of Subtitle C of the Internal Revenue Code is amended title C. to read as follows: "SUBTITLE C-MANUFACTURERS' EXCISE AND IMPORT TAXES AND TEMPORARY TAXES" SEC. 504. BOND TAX. 53 stat. 425 . 26U. S.C. 3481(b). 53 Stat. 425; 54 Stat. 522. 26U.S. . 3482. 53 Stat. 190. 26U. .C. 1700 (b) (1). 53 Stat. 190. 26U. .C.§1700 (C) (1). 53 Stat. 195; 54 Stat. 522. 26U. S.C.. 1801. Section 3481 (b) of the Internal Revenue Code (relating to expira- tion of tax on transfer of bonds) is repealed. SEC. 505. CONVEYANCE TAX. Section 3482 of the Internal Revenue Code (relating to tax on conveyances) is amended by striking out "delivered before July 1, 1945". Part II-Defense Tax Rates Made Permanent (No Increase in Tax and No Change in Basis of Tax) SEC. 521. DEFENSE EXCISE TAX RATES MADE PERMANENT WHICH ARE NOT INCREASED BY THIS ACT. (a) The following sections of the Internal Revenue Code are amended as follows: (1) Box SEATS. -Section 1700 (b) (1) is amended by strikin out "10 per centum" and inserting in lieu thereof "11 per centum". (2) SA.LEs OuTrsiE BOX oFFrCE. - Section 1700 (c) (1) is amended by striking out "10 per centum" and inserting in lieu thereof "11 per centum". (3) COBPORATE SECUrITrES.-Section 1801 is amended by strik- ing out "10 cents until July 1, 1945, and 5 cents thereafter" and inserting in lieu thereof "11 cents". 706 [55 STAT.
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