P U B L IC
L A W S -C B S .9 8 9 , 9 9 4 -S E P T .2 2 ,2 3 ,1 9 5 0
[6 4
S T A T .
[C H A P T E R
9 8 9 ]
S e p te m b e r
2 2 ,1 9 5 0
[H .J .R es.5 1 9 ]
[P u b lic
L aw
8 1 3 ]
N a tio n a l
G range.
E re c tio n
o f
m arker
i n
D .
C .
A p p ro v a l
b y
N a-
tio n a l
P arkS e rv ic e ,
e tc .
F u n d s.
JO IN T
R E S O L U T IO N
T o
p e rm it th eN a tio n a lG ra n g e
t o
e r e c tam arkero n
F e d e ra lla n di n
th e D istric t
o f
C o lu m b ia .
R e s o lv e db yth e S e n a tea n d H o u s eo f R e p r e s e n ta tiv e s o fth eU n ite d
S ta te s
o f
A m e r ic a
i n
C ongress assem bled, T hat
th e
S e c re ta ry
o f
th e
In te rio r
b e ,a n d
h e
i sh e r e b y ,
a u th o riz e d
t o
g ra n tperm ission
t oth eN a tio n a lG ra n g et oe r e c tam arker,a ta na p p ro p ria te
p la c eo n
p u b licg ro u n do f th eU n ite d
S ta te si n
th ev ic in ityo f th ein te rs e c tio n
o f M a d is o nS tre e ta n dF o u rthS tre e t N o rth w est, D istric to f C o lu m b ia ,
i nc o m m e m o ra tio no f th efo u n d in go f th e N a tio n a lG range: P r o v id e d ,
T hat th ed e s ig no f th em arker a n dth ep la n
fo rth etre a tm e n to f th e
g ro u n d sc o n n e c te dw ithi t ss i t ea n di t sa d e q u a c ya n d p ro p rie ty
fo r th e
s i t ed e s ig n a te d
s h a llb ea p p r o v e d
b yth e
N a tio n a l
P a rk
S e rv ic e ,th e
C o m m issio no fF in e A rts,a n d th eN a tio n a lC a p ita lP a rk a n dP la n n in g
C om m ission,
a n d
th a ti ts h a ll
b e
e re c te d
u n d e r
th e
s u p e rv is io n
o f
th e
S e c re ta ry
o f th e
In te rio r;th a ta llfu n d sn e c e s s a r y
t o
c a rry
o u t
i t se re c tio na n d th en e c e s s a r yla n d s c a p in go f th es i t es h a llb e
s u p p lie d
b yth eN a tio n a lG ra n g ei n tim e to p erm itth ec o m p le tio na n de re c tio n
o f th e
m arker not m o reth a n
o n ey e a ra fte rth e
e x a c t s iteh a s
b e e n
d e te rm in e d ;a n d th e U n ite dS ta te ss h a llb ep u tt on oe x p e n s e i no rb y
th ee re c tio no f th e s a id m arker.
A pproved
S e p te m b e r2 2 ,1 9 5 0 .
[C H A P T E R
9 9 4 ]
S e p te m b e r2 3 ,1 9 5 0
[ I .
R .8 9 2 0 ]
[P u b lic
L aw
8 1 4 ]
R evenueA cto f1 9 5 0 .
P o s t,p .9 1 0 .
P o s t,p .9 1 0 .
P o s t,p .9 1 4 .
A N
A C T
T o p ro v id er e v e n u e ,a n d
fo ro th e rp u r p o s e s .
B e
i t
e n a c te db y
th eS e n a tea n dH ouseo f R e p r e s e n ta tiv e so fth e
U n ite dS ta te so fA m e r ic ai n
C ongress assem bled,T hat
(a )
S H O R T
T iT L E .-T h is
A c t, d iv id e d
in to
title s
a n d
s e c tio n s
a c c o rd in g
t o
th e
fo llo w in g
T a b le
o fC o n te n ts ,m ay
b e
c ite d
a s
th e
"R evenue
A cto f
1 9 5 0 " :
T A B L E
O F
C O N T E N T S
T IT L E
I-IN C R E A S E
I N
IN C O M E
T A X
R A T E S
P A R T
I-IN D V ID U A L
IN C O M E
T A X E S
S e e .
1 0 1 .
I n c r e a s ei n
n o rm a lta xa n d
s u r ta x
o n
in d iv id u a ls .
(a )
N orm alta x .
(b )
S u rta x .
S e e .
1 0 2 .In d iv id u a ls
w ith
a d ju s te d
g ro ss
in c o m e
o f
le s s
th a n
$ 5 ,0 0 0 .
S e c .
1 0 3 .
C o m p u ta tio n
o f ta x
in c a s eo fc e rta in
jo in t re tu rn s .
S e e .
1 0 4 .
E ffe c tiv e
d a te
o fp a rt
I .
P A R T
1 1 -C O R P O R A T IO N
IN C O M E
T A X E S
S e e .
1 2 1 .
I n c r e a s e
i n
ra te
o fc o rp o ra tio n
in c o m e
ta x e s .
(a )
A m endm ent
o f s e c tio n
1 3 .
(b )
A m endm ento f s e c tio n
1 4
( a ) .
(c )
A m endm ent
o f
s e c tio n
1 5 .
(d )
M u tu a li n s u r a n c e
c o m p a n ie s
o th e rth a n
l i f e
o rm a rin e .
(e )
R e g u la te d
in v e s tm e n t
com panies.
( f )
T ax
u n d e r
c o n s o lid a te d
re tu rn s.
(g )
T e c h n ic a l
a m e n d m e n ts .
S e e .1 2 2 .
C re d its
o f
c o rp o ra tio n s .
(a )
D iv id e n d s
re c e iv e d
c re d it.
(b )
C red itfo rd iv id e n d s
p a id
o n
c e rta in
p re fe rre d
s to c k .
( c )
W estern
H em isphere
tra d e
c o rp o ra tio n s .
S e c .
1 2 3 .
E ffe c tiv e
d a te
o f
p a rt
I I .
64 Stat. 906 1946-1951
6 4
S T A T .]
8 1 S T
C O N G .,
2 D
S E S S .-C I.
9 9 4 -S E P T .
2 3 ,1 9 5 0
9 0 7 '
T A B L E
O F
C O N T E N T S -C o n tin u e d
P A R T
II-F IS C A L
Y E A R
T A X P A Y E R S
P o s t,p .
2 0 .
S e c .
1 3 1 .
F is c a ly e a r
ta x p a y e rs .
(a )
A m endm ento fs e c tio n
1 0 8 .
(b )
E ffe c tiv ed a te .
PA R T
IV -IN C R E A S E
I N
W IT H H O L D IN G
O F
TA X
A T
SO U R C E
O N
W AGES
P 0 8 t,p .9 2 1 .
S e c .
1 4 1 .
P e rc e n ta g e
m e th o do f w ith h o ld in g .
S e c .
1 4 2 . W ageb r a c k e tw ith h o ld in g .
S e c .
1 4 3 .
E ffe c tiv ed a te
o f p a rtIV .
T IT L E
II-IS C E L L A N E O U S
IN C O M E
TA X
AM ENDM ENTS
P0W ,
p .9 2 7 .
S e c .
2 0 1 .
E x te n s io n o f tim ei nth ec a s eo fd is c h a rg eo fin d e b te d n e s s .
S e c .
2 0 2 .
In c o m e -ta x
e x e m p tio n s
fo r
m em bers
o fth e
A rm ed
F o rc e s
s e rv in g
i n
com bata r e a s .
(a )
E x c lu s io n
fro m
g ro ssin c o m e .
(b )
W ith h o ld in go fin c o m e
ta xo n w ages.
(c )
R e c e ip ts .
S e c .
2 0 3 .
T re a tm e n to fb o n dp re m iu m
i n
c a s eo fd e a le rsi nta x -e x e m p ts e c u ritie s .
(a )
A m endm ento fs e c tio n
2 2 .
(b )
T e c h n ic a la m e n d m e n ts .
(c )
E ffe c tiv e
d a te .
S e c .2 0 4 .C irc u la tio n
e x p e n d itu re s .
(a )
D e d u c tio nfro m
g ro ssin c o m e .
(b )
T e c h n ic a la m e n d m e n t.
(c )
E ffe c tiv ed a te .
S e c .2 0 5 . Paym ento f in c o m eta x
b y in s ta llm e n tp a y m e n tsa n d
re tu rn so fe s ta te s
a n d
tru s ts .
(a )
Paym ento f in c o m eta xb y in s ta llm e n tp a y m e n ts .
(b )
F ilin g
o f
re tu rn s
a n d
paym ent
o f
ta x
b y
fid u c ia rie s
o fe s ta te s
a n d
tru s ts .
S e c .2 0 6 .E le c tio n
a st ore c o g n itio n
o f g a in
i nc e rta in
c o rp o ra teliq u id a tio n s .
(a )
A m endm ento f s e c tio n
1 1 2
(b )
(7 ).
(b )
B asiso fp ro p e rty .
(c )
E ffe c tiv ed a te .
S e c .
2 0 7 .
P e rc e n ta g e
d e p le tio n .
(a )
T ra n s p o rta tio n
fro m
m in e .
(b )
E ffe c tiv e
d a te .
S e c .2 0 8 .T re a tm e n to fc e rta in
re d e m p tio n so f s to c ka sd iv id e n d s .
(a )
A m endm ent
o f s e c tio n
1 1 5
(g ).
(b )
E ffe c tiv ed a te .
S e c .2 0 9 .R e d e m p tio no f s to c k
t op a yd e a thta x e s .
(a )
C e rta ind is trib u tio n sn o t tre a te da sd iv id e n d s .
(b )
E ffe c tiv e
d a te .
S e c .
2 1 0 .C a p ita lg a in sa n d
lo s s e s .
(a )
D e fin itio n
o fc a p ita la s s e t s .
(b )
A m endm ento fs e c tio n
1 1 7
( j ) .
(c )
E ffe c tiv ed a te .
S e c .
2 1 1 .
S h o rts a le so fc a p ita la s s e t s .
(a )
T re a tm e n to fsh o rts a l e s .
(b )
E ffe c tiv ed a te .
S e c .
2 1 2 .T re a tm e n to fg a in tos h a r e h o l d e r so f c o lla p s ib lec o rp o ra tio n s .
(a )
C o lla p s ib lec o rp o ra tio n s .
(b )
E ffe c tiv ed a te .
S e c .
2 1 3 .C a p ita lg a in so fn o n re s id e n ta lie n
in d iv id u a ls .
(a )
N onresidenta lie n in d iv id u a lste m p o ra rily
i nth eU n ite d
S ta te s .
(b )
N o
U n ite d
S ta te s
tra d e
o r
b u s in e s s
a n d
in c o m e
o f
m ore
th a n
$ 1 5 ,4 0 0 .
(c )
T e c h n ic a l
a m e n d m e n t.
(d )
E ffe c tiv ed a te .
64 Stat. 907 1946-1951
9 0 8
P U B L IC
L A W S -C H .
9 9 4 -S E P T .2 3 ,
1 9 5 0
[0 4
S T A T .
T A B L E
O F
C O N T E N T S -C o n tin u e d
S e c .2 1 4 .T re a ty
o b lig a tio n s .
S e c .2 1 5 .
N eto p e ra tin g
lo s sd e d u c tio n s .
(a )
A llo w a n c e
o f fiv e -y e a r
c a rry -o v e r.
(b )
E ffe c tiv ed a te
o fs u b s e c tio n
( a ) .
S e c .
2 1 6 .
A m o rtiz a tio n
o f em ergency
fa c ilitie s .
(a )
A m o rtiz a tio n
d e d u c tio n .
(b )
T e c h n ic a l
a m e n d m e n ts .
(c )
G a in
a ttrib u ta b le
t o
a m o rtiz a tio n
d e d u c tio n .
(d )
E ffe c tiv e
d a te s .
S e c .
2 1 7 . A m o rtiz a tio n
o f p re m iu m
o n
c o n v e rtib le
b o n d .
(a )
Prem ium
a ttrib u ta b le
t o
c o n v e rs io n
fe a tu re s
o fb o n d .
(b )
E ffe c tiv ed a te .
S e e .
2 1 8 .S to c k
o p tio n s .
(a )
T re a tm e n t
o fc e rta in
e m p lo y e e
s to c k
o p tio n s .
(b )
E ffe c tiv e
d a te .
S e c .
2 1 9 .
Paym ento f ta xw ith h e lda ts o u r c e fro m
n o n re s id e n t a lie n s .
S e c .
2 2 0 .
E m p lo y e e s
o f
U n ite d
S ta te s
w o rk in g
i n
p o ssessio n s
o f
U n ite d
S ta te s
o ri n
th eC analZ o n e .
S e c .
2 2 1 .
R e s id e n ts
o f P u e rto
R ic o .
(a )
In c o m e
o f in d iv id u a ls
fro m
s o u rc e s
w ith in
P u e rto
R ic o .
(b )
C itiz e n s
o fth e
U n ite d
S ta te s
re s id in g
i n
P u e rto
R ic o .
(c )
T a x a tio no f in c o m e o f re s id e n tso f P u e rto
R ic o .
(d )
A lie n s
re s id in g
i n
P u e rto
R ic o .
(e )
W ith h o ld in g
o n
a lie n
re s id e n ts
o fP u e rto
R ic o .
( f )
W ith h o ld in g
o f ta x
o n
w ages.
(g )
D e c la ra tio n
o f e s tim a te d
ta x .
(h )
F o re ig n
ta x
c re d it.
( i )
C o lle c tio n
o fta x e s
i n
P u e rto
R ic o .
( j)
T e c h n ic a la m e n d m e n ts .
(k )
E ffe c tiv e
d a te .
S e c .2 2 2 .R e g u la te d
in v e s tm e n tc o m p a n ie s .
S e c .
2 2 3 .
P e rs o n a lh o ld in gcom pany
in c o m e .
P o s t,p .
9 4 7 .
T IT L E
III-T R E A T M E N T
O F
IN C O M E
O F,
A N D
G IF T S
A N D
B E Q U E S T S
T O ,
C E R T A IN
T A X -E X E M P T
O R G A N IZ A T IO N S
P o s t,p .
0 4 7 .
PA R T
I-T A X A T IO N
O F
B U 3 S IN E S S
IN C O M E
O F
C E R T A IN
T A X -E X E M P T
O R G A N IZ A T IO N S
S e c .
3 0 1 .
In c o m e
o f
e d u c a tio n a l,
c h a rita b le ,
a n d
c e rta in
o th e r
exem pt
o rg a n iz a tio n s .
(a )
T ax
o n
c e rta in
ty p e so fin c o m e .
(b )
F e e d e r
o rg a n iz a tio n s .
(c )
T e c h n ic a l
a m e n d m e n ts .
S e c .
3 0 2 .E x e m p tio n
o fc e rta in
o rg a n iz a tio n s
fo rp a s ty e a r s .
S e c .
3 0 3 .
E ffe c tiv ed a te
o f p a rtI .
P o s t,p .9 5 4 .
PA R T
I-C H A R IT A R L E ,
E T C .,
D E D U C T IO N S
O F
T R U S T S
N O T
EX EM PT
FR O M
T A X A T IO N
S e c .
3 2 1 .
C h a rita b le ,e tc .,d e d u c tio n s
o ftru s ts .
(a )
A m endm ent
o f s e c tio n
1 6 2 .
(b )
T e c h n ic a l
a m e n d m e n ts .
S e c .
3 2 2 .
E ffe c tiv e
d a te
o f p a rt
I I .
P o s t,p .9 5 7 ,
PA R T
III-L O S S
O F
E X E M P T IO N
U N D E R
S E C T IO N
1 0 1
(6 )
A N D
D IS A L L O W A N C E
O r
C E R T A IN
G IF T S
A N D
B E Q U E S T S
S e e .
3 3 1 .
E x e m p tio n
o fc e rta in
o rg a n iz a tio n su n d e r
s e c tio n
1 0 1
(6 )
a n d
d e d u c ti-
b ility
o fc o n trib u tio n s
m ade
t os u c h
o rg a n iz a tio n s .
S e c .
3 3 2 .
T e c h n ic a l
a m e n d m e n ts .
(a )
A m endm ento fs e c tio n
2 3
(o )
(2 ).
64 Stat. 908 1946-1951
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PL 81-814 Revenue Act of 1950
Full text of the Revenue Act of 1950 (PL 81-814).
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