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PUBLIC LAW 324-MAR. 31, 1954
68 S T A T. ]
Public Law 324
CHAPTER 126
AN ACT To reduce excise taxes, and for other purposes.
MarchSl, 1954 [H. R. 8224]
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That (a) SHORT TITLE.—This Act may be cited as the "Excise Tax Reduction Act of 1954". (b) ACT AMENDATORY OF INTERNAL REVENUE CODE.—Except as otherwise expressly provided, wherever in this Act an amendment or repeal is expressed in terms of an amendment to or repeal of a section, subsection, paragraph, or subparagraph, the reference shall be considered to be made to a provision of the Internal Revenue Code.
TITLE I—RETAILERS' EXCISE TAXES SEC. 101. RETAILERS' EXCISE TAX ON LUGGAGE, ETC. Section 1651(a) (relating to retailers' excise tax on luggage, etc.) is hereby amended by striking out "20 per centum" and inserting in lieu thereof "10 per centum". SEC. 102. RETAILERS' EXCISE TAXES ON JEWELRY, FURS, AND TOILET PREPARATIONS. For reduction in rate of retailers' excise taxes on jewelry, furs, and toilet preparations, see section 504(a). SEC. 103. EFFECTIVE DATE OF TITLE I. For effective date of this title, see section 505(a).
TITLE II—TAXES ON ADMISSIONS AND DUES SEC. 201. TAX ON ADMISSIONS. (a) PERMANENT U S E OR LEASE OF BOXES OR SEATS.—Section 1700
(b)(1) (relating to tax on permanent use or lease of boxes or seats) is hereby amended by striking out "11 per centum" and inserting in lieu thereof "10 per centum". (b) SALES OUTSIDE Box OFFICE.—Section 1700(c)(1)
(relating
to tax on sales outside box office) is hereby amended by striking out "11 per centum" and inserting in lieu thereof "10 per centum". (c) CABARETS, ROOF GARDENS, ETC.—The first sentence of section 1700 (e)(1) (relating to tax on cabarets, roof gardens, etc.) is hereby amended to read as follows: "A tax equivalent to 20 per centum of all amounts paid for admission, refreshment, service, or merchandise, at any roof garden, cabaret, or other similar place furnishing a public performance for profit, by or for any patron or guest who is entitled to be present during any portion of such performance." (d) SINGLE OR SEASON TICKETS AND SUBSCRIPTIONS.—For reduction
in rate of tax on admission by single or season ticket or subscription, see section 504(a). (e) RATE TO APPLY TO MAJOR FRACTIONS.—Section 1700(a)
(1)
(relating to rate of tax on single or season tickets and subscriptions) is hereby amended by striking out "fraction" and inserting in lieu thereof "major fraction". (f) EXEMPTION OF ADMISSIONS OF F I F T Y CENTS OR LESS.—Section
1700 (a)(1) (relating to rate of tax on single or season tickets and subscriptions) is hereby amended by striking out the second sentence thereof and inserting in lieu thereof the following: "No tax shall be imposed under this paragraph on the amount paid for admission—
E x c i s e Tax Reduction Act of 1954.
53 Stat., P t. 1. Title 26. u s e.
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