PUBLIC LAWS-CH. 619--OCT. 21 , 1942 "SEC. 470. PENALTIES. "(a) PENALTIES FOR FRAUDULENT RECEIPT OR FAILURE TO FURNISH RECEIPT.- In lieu of any other penalty provided by law (except the penalty provided by subsection (b) of this section), any person Ante,p. 89. required under the provisions of section 469 to furnish a receipt in respect of tax withheld pursuant to this part who wilfully furnishes a false or fraudulent receipt, or who wilfully fails to furnish a receipt in the manner, at the time, and showing the information required under section 469, or regulations prescribed thereunder, shall for each such failure, upon conviction thereof, be fined not more than $1,000, or imprisoned for not more than one year, or both. "(b) ADDITIONAL PENALTY.- In addition to the penalty provided by subsection (a) of this section, any person required under the Ane, p. 89. provisions of section 469 to furnish a receipt in respect of tax with- held pursuant to this part who wilfully furnishes a false or fraud- ulent receipt, or who wilfully fails to furnish a receipt in the manner, at the time, and showing the information required under section 469, or regulations prescribed thereunder, shall for each such failure be subject to a civil penalty of not more than $50. "(c) FAILURE OF WITHHOLDING AGENT TO FILE RETURN. -In case of any failure to make and file return required by this part, within the time prescribed by law or prescribed by the Commissioner in pursuance of law, unless it is shown that such failure is due to reason- able cause and not due to wilful neglect the addition to the tax pro- 26u.s. C.f291. vided for in section 291 shall not be less than $5. Post, p. 893. "Part III-Expiration Date and Definitions "SEC. 475. DEFINITIONS. "(a) NET INCOME. - When used in this title, where not otherwise distinctly expressed or manifestly incompatible with the intent thereof, the term 'net income' shall be construed to mean 'victory tax net income' for the purposes of this subchapter. "(b) DATE OF CESSATION OF HOSTILITIES IN THE PRESENT WAR.-AS used in this subchapter, the term 'date of cessation of hostilities in the present war' means the date on which hostilities in the present war between the United States and the governments of Germany, Japan, and Italy cease, as fixed by proclamation of the President or by concurrent resolution of the two Houses of Congress, whichever date is earlier, or in case the hostilities between the United States and such governments do not cease at the same time, such date as may be so fixed as an appropriate date for the purposes of this subchapter. "SEC. 476. EXPIRATION DATE. "The taxes imposed by this subchapter shall not apply with respect to any taxable year commencing after the date of cessation of hos- 53 Stat. 4. tilities in the present war." 26 U. s..c 3. (b) CLASSIFICATION OF PROVISIONS. - Section 3 is amended by adding at the end thereof the following new paragraph: "Subchapter D-Victory tax on individuals, divided into parts and sections". 53 Stat. 38 . 26U. C. .o 3 (c) RATES OF TAX ON CITZEN8 OF CERTAIN FOREIGN CuNTBRES.- Ante, p. 870. Section 103 is amended by striking out "and 362" and inserting "362, and 450"; and by striking out "or 362" and inserting "362, and 450". [56 STAT.
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