PUBLIC LAW 30—MAY 15, 1951
unit of such property sold, or upon persons en|[:^aged in furnishing services at retail, which is measured by the gross receipts for furnishing such services, if the amount of such tax is separately stated, then to the extent that the amount so stated is paid by the consumer (otherwise than in connection with this consumer's trade or business) to his vendor such amount shall be allowed as a deduction in computing the net income of such consumer as if such amount constituted a tax imposed upon and paid by such consumer." SEC. 2. The amendment made by this Act shall apply to taxable years beginning after December 31, 1950. Approved May 12, 1951.
Public Law 30
CHAPTER 7 5
AN ACT To facilitate the financing of the defense contracts by banks and other financing institutions, to amend the Assignment of Claims Act of 1940, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 1 of the Assignment of Claims Act of 1940, approved October 9, 1940 (54 Stat. 1029), is amended by striking out all after clause 3 of the proviso and inserting in lieu thereof the following: "4. That in the event of any such assignment, the assignee thereof shall file written notice of the assignment^ogether with a true copy of the instrument of assignment with (a) the contracting officer or the head of his department or agency; (b) the surety or sureties upon the bond or bonds, if any, in connection with siich contract; and (c) the disbursing officer, if any, designated in such contract to make payment. "Notwithstanding any law to the contrary governing the validity of assignments, any assignment pursuant to the Assignment of Claims Act of 1940, as amended, shall constitute a valid assignment for all purposes. "In any case in which moneys due or to become due under any contract are or have been assigned pursuant to this section, no liability of any nature of the assignor to the United States or any department or agency thereof, whether arising from or independently of such contract, shall create or impose any liability on the part of the assignee to make restitution, refund, or repayment to the United States of any amount heretofore since July 1, 1950, or hereafter received under the assignment. "Any contract of the Department of Defense, the General Services Administration, the Atomic Energy Commission, or any other department or agency of the United States designated by the President, except any such contract under which full payment has been made, may, in time of war or national emergency proclaimed by the President (including the national emergency proclaimed December 16, 1950) or by Act or joint resolution of the Congress and until such war or national emergency has been terminated in such manner, provide or be amended without consideration to provide that payments to be made to the assignee of any moneys due or to become due under such contract shall not be subject to reduction or set-off, and if such provision or one to the same general effect has been at any time heretofore or is hereafter included or inserted in any such contract, payments to
May 15, 1951 [S. 998]
A s s i g n m e n t of Claims Act of 1940, amendment. 31 U.S.C. § 203; Sup. IV, § 203; 41 U.S.C. S 15. Filing of written notice by assignee.
Validity of assignment.
Defense Department, etc., contracts. Set-ofl, etc., of assignor's liability to U. S.
SOU.S.C.,Sup. IV, app., note prec. § 2.