PUBLIC LAW 87-404-FEB. 13, 1962 68A Stat. 198. 26 USC 561.
(f) Subsection (b) of section 561 of the Internal Revenue Code of 1954 (relating to deduction for dividends paid) is amended to read as follows: "(b)
26 USC 562.
Ante, p. S. 26 USC 301.
Effective date.
[76 STAT.
SPECIAL RULES APPLICABLE.—
" (1) I n determining the deduction for dividends paid, the rules provided in section 562 (relating to rules applicable in determining dividends eligible for dividends paid deduction) and section 663 (relating to dividends paid after the close of the taxable year) shall be apj^icable. "(2) I f a corporation received antitrust stock (as defined in section 301(f) in a distribution to which section 301 applied and such corporation distributes such stock (or other property the basis of which is determined by reference to the basis of such stock) to its shareholders, proper adjustment shall be made, under regulations prescribed by the Secretary or his delegate, to the amount of the deduction provided for in subsection (a). " (g) The amendments made by this section shall apply only with respect to distributions made after the date of the enactment of this Act. Approved February 2, 1962.
Public Law 87-404 February 13. 1962
JOINT RESOLUTION
pH. J- Res. 612]_ Making supplemental appropriations for the Veterans Administration for the fiscal year ending.June 30, 1962, and for other purposes. Resolved by the Senate and House of Representatives of the United suppi ementai States of America in Congress assembled, That the following sums are 196*2'°^'^ ations, appropriated, out of any money in the Treasury not otherwise approVeterans Admin- priatecl, for the Veteraiis Administration for the fiscal year ending istration.
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June 30. 1962, namely: INDEPENDENT OFFICES VETI^ERANS ADMINISTRATION READJUSTMENT BENEFITS
For an additional amount for "Readjustment benefits," $55,000,000, to remain available until expended. LOAN GUARANTY REVOLVING FUND
38 USC 18 1825. 74 Stat. 532.
An additional amount of not to exceed $115,247,000 shall be available in the "Ix>an guaranty revolving fund" for expenses for property acquisitions and other loan guaranty and insurance operations under chapter 37, title 38, United States Code, except administrative expenses, as authorized by section 1824 of such title: Provided, That in addition to amounts heretofore made available, not to exceed $115,247,000 of the "Direct loans to veterans and reserves revolving fund" shall be available, during the current fiscal year, for transfer to said "Loan guaranty revolving fund" in such amounts as may be necessary to provide for the foregoing expenses. Approved February 13, 1962. ,; i
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