PUBLIC LAWS-CHS. 717-719-JULY 31, 1946 56 Stat. 852. 26 U. S. C., Supp. V, 127 (a). 53 Stat. 91. 26U. S.C. §322(b) (1). 53 Stat. 92; 56 Stat. 876. 26U.S.C.§322(b) 2); Supp. V, §322 (b) 2), (3). n 31 S (1 EXTENSION OF TIME FOR CLAIMING CREDIT OR REFUND WITH RESPECT TO WAR LOSSES SEC. 2. If a claim for credit or refund under the internal-revenue laws relates to an overpayment on account of the deductibility by the taxpayer of a loss in respect of property considered destroyed or seized under section 127 (a) of the Internal Revenue Code, relating to war losses, for a taxable year beginning in 1941 or 1942, the three-year period of limitation prescribed in section 322 (b) (1) of the Internal Revenue Code shall in no event expire prior to Decem- ber 31, 1947. In the case of such a claim filed on or before December 31, 1947, the amount of the credit or refund may exceed the portion of the tax paid within the period provided in section 322 (b) (2) or (3) of the Internal Revenue Code, whichever is applicable, to the extent of the amount of the overpayment attributable to the deductibility of the loss described in this section. Approved July 31, 1946. [CHAPTER 718] AN ACT July 31, 1946 [H. R . 45901 To authorize the use by industry of silver held or owned by the United States, [Public Law 5791 and for other purposes. Be it enacted by the Senate and House of Representatives of the ale.S . lease for United States of America in Congress assembled, That hereafter lanufacturing uses. the Secretary of the Treasury is authorized to sell or lease for manu- facturing uses, including manufacturing uses incident to reconver- sion and the building up of employment in industry, upon such terms as the Secretary of the Treasury shall deem advisable, to any person, partnership, association, or corporation, or any department of the Government, any silver held or owned by the United States at not less than 90.5 cents per fine troy ounce: Provided, That at all times the ownership and the possession or control within the United States of an amount of silver of a monetary value equal to the face amount of all outstanding silver certificates heretofore or hereafter issued by the Secretary of the Treasury shall be maintained by the oinage silver. Treasury: Provided further, That hereafter each United States coin- age mint shall receive for coinage silver mined after July 1, 1946, from natural deposits in the United States or any place subject 31 SatS.9. 314, to the jurisdiction thereof, as provided in the Act of July 6, 1939 16. 31v,. 821, 822a; (Public Law 165, Seventy-sixth Congress), and tendered to such upp. V, § 21 22a. mint within one year after the month in which the ore from which it is derived was mined, except that the seigniorage to be deducted shall be 30 per centum instead of 45 per centum as provided in 31U .s. . 316c section 4 (b) of said Act. Approved July 31, 1946. [CHAPTER 719] July31, 1946 AN ACT [IL R. 6486] [Public Law 5801 To authorize an appropriation for the establishment of a geophysical institute at the University of Alaska. ^Alskeraity of Whereas the need for a geophysical station in this country, dedicated to the maintenance of geophysical research concerning the Arctic regions, is recognized; and Whereas the University of Alaska has been performing geophysical research in cooperation with the Department of War, the Depart- ment of the Navy, the Federal Communications Commission, the [60 STAT.
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