66 S T A T. ]
PUBLIC LAW 47 1 - J U L Y 9, 1952
467
statements of rentals due in an amount not exceeding $900 per annum for each Senator. The Secretary of the Senate and the Sergeant at Arms are author- £UJ,3B^."'"^"'^* ° ' ized and directed to protect the funds of their respective offices by ' purchasing insurance in an amount necessary to protect said funds against loss. Premiums on such insurance shall be paid out of the contingent fund of the Senate, upon vouchers approved by the chairman of the Committee on Rules and Administration. Salaries or wages paid out of the foregoing items under "Contingent expenses of the Senate" shall be computed at basic rates, plus increased and additional compensation, as authorized and provided by law. HOUSE OF EEPRESENTATIVES SALARIES, MILEAGE, AND EXPENSES OF MEMBERS
For compensation of Members of the House of Representatives, Delegates from Territories, and the Resident Commissioner from Puerto Rico, $5,492,500. For mileage and expense allowance of Members of the House of Representatives, Delegates from Territories, and the Resident Commissioner from Puerto Rico, as authorized by law, $1,273,500; PTOvided, That for the two taxable years beginning after December 31, 1952, the place of residence of a Member of Congress (including any Delegate and Resident Commissioner) within the State, congressional district, Territory, or possession which he represents in Congress shall be considered to be his home for the purposes of section 23(a)(1)(A) of the Internal Revenue Code, but amounts expended by such Member within each such taxable year for living expenses shall not be deductible for income tax purposes in excess of $3,000.
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AMENDMENT TO INTERNAL REVENUE CODE
Section 23(k) of the Internal Revenue Code (relating to deductions for bad debts) is amended by adding at the end thereof a new paragraph as follows: "(6) EXCEPTION.—This subsection shall not apply in the case of a taxpayer, other than a bank, as defined in section 104, with respect to debts owed by (A) any political party, (B) any national, state, or local committee of any political party, or (C) any committee, association, or organization which accepts contributions or makes expenditures for the purpose of influencing or attempting to influence the election of Presidential or Vice Presidential ^" electors or of any individual whose name is presented for election to any Federal, State, or local elective public office, whether or not such individual is elected. For the purpose of this paragraph, the terms 'contributions' and 'expenditure' shall have the meanings prescribed for such terms in section 591 of title 18 of the United States Code." The amendment made by this paragraph shall be applicable with respect to taxable years beginning after December 31, 1951. SALARIES, OFFICERS AND EMPLOYEES
For compensation of officers and employees, as authorized by law, as follows: OFFICE OF THE SPEAKER
For Office of the Speaker, $47,285. 93300 O - 53 - 33
56 Stat. 820.
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