690
PUBLIC LAW 367-AUG- 11, 1955
26 USC 4063.
26 USC 6416.
[69 S T A T.
(f) The table of sections to part I of subchapter B of chapter 82 of the Internal Revenue Code of 1954 is amended— (A) by striking out "Definitions" and inserting in lieu thereof "Definition of refrigerator components" | and (B) by striking out "Sec. 4113. Exemptions for manufacturers.". (g) Section 4063(b) of the Internal Revenue Code of 1954 is amended— (A) by striking out "or parts or accessories" in the first sentence thereof; and (B) by striking o u t ", or parts or accessories" in the second sen(h) Section 6416(b)(3)(A) of the Internal Revenue Code of 1954 is amended by inserting after "section 4141" the following: "and other than an automobile part or accessory taxable under section 4061 (b), a refrigerator component taxable under section 4111, a radio or television component taxable under section 4141, or a camera lens fo V QIO TirinGr spc1"iori 41T1 Q (i) Section 6416(b) ^3) of the Internal Revenue Code of 1954 is amended by changing subparagraph (B) thereof to read as follows: " (B) An automobile part or accessory taxable under section 4061 (b), a refrigerator component taxable under section 4111, a radio or television component taxable under section 4141, or a camera lens taxable under section 4171. purchased by a manufacturer or producer and used by him as material in the manufacture of, production of, or as a component part of, any article." SEC. 2. RADIO AND TELEVISION RECEIVING SETS AND COMPONENT
26 USC 4141.
li^vtc 6416.
PARTS.—(a) Section 4141 of the Internal Revenue Code of 1954 is amended by inserting at the end thereof a new sentence as follows: "Except in the case of radio and television components and phonograph records, the tax imposed by this section shall apply only to articles of the entertainment type.". 4 14 3, (b) Sections 4143 and 6416 (b)(2)(G) of the Internal Revenue ' Code of 1954 are hereby repealed. (c) The table of sections to part I of subchapter C of chapter 32 of the Internal Revenue Code of 1954 is amended by striking out "Sec. 4143. Exemptions for sales to United States.". SEC, 3. EFFECTIVE DATE.—The amendments made by the first sec-
26 USC 534.
tion and section 2 of this Act shall take effect on the first day of the first month which begins more than ten days after the date of the enactment of this Act. Notwithstanding the preceding sentence— (1) the repeal of section 6416(b)(2)(G) of the Internal Revenue Code of 1954 shall apply only with respect to articles sold by the manufacturer, producer, or importer on or after the first day of the first month which begins more than 10 days after the date of the enactment of this Act, and (2) section 6416(b)(3)(B) of the Internal Revenue Code of 1954, as amended by subsection (i) of the first section of this Act, shall apply with respect to articles used on or after such first day by the manufacturer or producer as material in the manufacture of, production of, or as a component part of, another article. 3J,(. 4 Subsection (e) of section 534 of the Internal Revenue Code of 1954 (relating to burden of proof in certain proceedings relating to imposition of accumulated earnings tax) is hereby amended to read as follows: "(e)
APPLICATION OF SECTION.—
"(1) Notwithstanding any other provision of law, this section shall apply with respect to taxable years to which this subchapter applies and (except as provided in paragraph (2)) to taxable
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