234 PUBLIC LAWS-CH. 210-MAY 29, 1944 "SEC. 401. DEFINITION OF 'SURTAX EXEMPTION'. [58 STAT. Ante, . 233; post, "As used in the table in section 400, the term 'number of surtax p. 6 4 ' 7.exemptions' means the number of the exemptions allowed under sec- Post, p. 238 tion 25 (b) as credits against net income for the purpose of the surtax 53 stat.5 . imposed by section 12. 26U.S.C.§12; Supp. III, I12b. "SEC. 402. MANNER AND EFFECT OF ELECTION. Ante, pp. 231, 232. Ante,p.232 . "The election referred to in section 400 shall be exercised in the manner provided in regulations prescribed by the Commissioner with the approval of the Secretary. For cases in which election to take the standard deduction also constitutes an election to pay the tax Pot, p.237. imposed by this supplement, see section 23 (aa) (3) (D). For cases in which election to file a return without showing tax thereon con- stitutes an election to pay the tax imposed by this supplement, see Post, p . 240. section 51 (f). "SEC. 403. CREDITS NOT ALLOWED. "For credits against tax and against net income not allowed, in the case of a taxpayer who elects to pay the tax imposed by this supplement, because of the fact that such election constitutes an elec- Pot, p. 236 . tion to take the standard deduction, see section 23 (aa). Ante, p. 31. "SEC. 404. CERTAIN TAXPAYERS INELIGIBLE. "This supplement shall not apply to a nonresident alien individual, 26SUt. C. C 2561to a citizen of the United States entitled to the benefits of section 251, Supp. 111, 251. to an estate or trust, or to an individual making a return for a period Post p. 240. of less than twelve months on account of a change in the accounting period. For provisions making both husband and wife ineligible to elect to pay the tax imposed by this supplement if either does not Pot, p. 237. elect to take the standard deduction, see section 23 (aa) (4)." 5 Stat. 692. (b) TECHNICAL AMENDMENT. -Section 4 (relating to special classes Il, 4 (c. u of taxpayers) is amended by striking out subsection (1) and inserting in lieu thereof the following: "(1) Individuals with adjusted gross income of less than $5,000, Ante, p. 232;pot. , p. - Supplement T." SEC. 6 . REPEAL OF VICTORY TAX. UStat. upp. (a) IN GENERAL. -Subchapter D of Chapter 1 (relating to the Inl. § 4W-476. victory tax) is repealed. Ante, p. 31. (b) TECHNICAL AMENDMENTS. - 26St.8 .supp. (1) Section 3 (relating to classification of provisions) is m1,13 . amended by striking out the folldwing: "Subchapter D-Victory tax on individuals, divided into parts and sections." 6 Stat. 89. 26B U. . a .,S (2) Section 56 (f) (cross reference) is amended by striking ni, §56 (0. out " 144, and Part II of Subchapter D" and inserting in lieu thereof "and 144". 26 USat. 8, upp- (3) Section 103 (relating to rates of tax on citizens and cor- 111, 103. porations of certain foreign countries) is amended by striking out "and 450" wherever appearing therein and inserting in lieu Ante, p. 232; post, p. thereof "and 400" 6 tat. 856. (4) Section 131 (a) (relating to taxes of foreign countries and 26 U. S. C., Supp. III, i31 (a). ' of possessions of the United States) is amended by striking out "or section 450". 56 Stat. 893. 2 .s. C ,supp. (5) Section 131 (i) (relating to tax withheld at source) is i sO. 1t131 amended by striking out "466 (e)" and by inserting in lieu 2 U. S. C., Supp. thereof "35". III, § 33. 6l Suat. 836. (6) Section 145 (e) (cross reference) is amended to read as m26 (e. p. follows: m, § 143 (e). follows
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