65 STAT.]
PUBLIC LAW 183—OCT. 20, 1951
453
TABLE OF CONTENTS—Continued TITLE III—iliscELLANEOus INC»ME TAX AMENDMENTS—Continued
Sec. 303. Joint and survivor annuities. (a) Amendment of section 22(b)(2). (b) Amendment of section 113(a)(5). (c) Effective dates. Sec. 304. Income from discharge of indebtedness. (a) Amendment of section 22(b)(9).
- b) Amendment of section 22(b) (10).
Sec. 305. Compensation of certain members of the armed forces. [a) Amendment of section 22(b) (13). (b) Definition of service in combat zone. fc) Withholding on wages. (d) Effective dates. Sec. 306. Involuntary liquidation and replacement of inventory. [a) Amendment of section 22(d)(6)(F) (iii). (b) Effective date. Sec. 307. Medical expenses. [a) Amendment of section 23(x). (b) Effective date. Sec. 308. Standard deduction. (a) Method of election. (b) Change of election. (c) Effective date. Sec. 309. Expenditures in the development of mines. [a) Deduction of expenditures.
- b) Adjusted basis for determining gain or loss upon sale or exchange.
(c) Technical amendment. [d) Effective date. Sec. 310. Gross income of dependent of taxpayer. [ a) Increase in amount of gross income permitted. (b) Effective date. Sec. 311. Credit for dividends received. (a) Dividends from foreign corporation engaged in trade or business in the United States. (b) Technical amendment. (c) Effective date. Sec. 312. Joint return after filing separate return. L) Change of election, (b) Effective date. Sec. 313. Mutual savings banks, building and loan associations, cooperative banks. (a) Mutual savings banks. (b) Building and loan associations and cooperative banks. (c) Exemptions from excess profits tax. (d) Federal savings and loan associations. (e) Bad debt reserves. (f) Dividends paid to depositors. (g) Deduction for repayment of certain loans. (h) Definition of bank. [i) Definition of domestic building and loan association. (j) Effective date. Sec. 314. Income tax treatment of exempt cooperatives. (a) Amendment of section 101 (12). (b) Technical amendments. (c) Information returns. (d) Effective date. Sec. 315. Surtax on corporations improperly accumulating surplus. (a) Long-term capital gains. [b) Effective date. Sec. 316. Election as to recognition of gain in certain corporate liquidations. (a) Amendment of section 112(b)(7). (b) Basis of property. (c) Effective date. Sec. 317. Certain distributions of stock on reorganization. (a) Distributions not in liquidation. (b) Basis of stock. (c) Effective date. Sec. 318. Gain from sale or exchange of taxpayer's residence. (a) Nonrecognition of gain in certain cases. (b) Technical amendments. (c) Effective date.
Post, p. 483.
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