158
26 USC 5707.
26 USC 6412.
72 Stat. 260.
PUBLIC LAW 86-75-JUNE 30, 1959
[73 S T A T.
(2) SubsectioHS (a) and (b) of section 5707 (relating to floor stocks refunds on cigarettes) are amended by striking out "July 1, 1959" each place it appears and inserting in lieu thereof "July 1, 1960", and by striking out "October 1, 1959" and inserting in lieu thereof "October 1, 1960". (3) Section 6412(a)(1) (relating to floor stocks refunds on automobiles) is amended by striking out "July 1, 1959" each place it appears and inserting in lieu thereof "July 1, 1960", by striking out "October 1, 1959" and inserting in lieu thereof "October 1, 1960", and by striking out "Noven3)er 10, 1959" each place it appears and inserting in lieu thereof "November 10, 1960". Section 497 of the Revenue Act of 1951 (relating to refunds on articles from foreign trade zones), as amended, is amended by striking out " July 1, 1959" each place it appears and inserting in lieu thereof
"July 1, 1960".
(c) APPLICATION.—For purposes of this section, references to pro26 us*c^lo^o 1- visions in chapter 51 of the Internal Revenue Code of 1954 are refer5692. ences to such provisions as contained in such chapter as amended by section 201 of the Excise Tax Technical Changes Act of 1958. SEC. 4. REDUCTION OF TAX ON TRANSPORTATION OF PERSONS, EFFECTIVE JULY 1, 1960. 68A Stat. 506. Section 4261 of the Internal Revenue Code of 1954 (relating to tax 26 USC 4261. on transportation of persons) is amended by striking out "to 10 percent of the amount so paid." each place it appears therein and inserting in lieu thereof the following: "to— " (1) 10 percent of the amount so paid before July 1, 1960; or "(2) 5 percent of the amount so paid on or after July 1, 1960." SEC. 5. TERMINATION OF TAX ON GENERAL TELEPHONE SERVICE, EFFECTIVE JULY 1, 1960. 26ljsc 4251.' Section 4251 of the Internal Revenue Code of 1954 (relating to tax on communications) is amended— (1) by inserting " (a) IN GENERAL.—" at the beginning of the text of such section; and (2) by adding at the end thereof the following new subsection: " (b) TERMINATION OF T A X ON GENERAL TELEPHONE SERVICE.—
"(1) IN GENERAL.—Effective as provided in paragraph (2), the tax imposed by this section on amounts paid for general telephone service shall cease to apply. " (2) EFFECTIVE DATE.—
" (A) Subject to the provisions of subparagraph (B), paragraph (1) shall apply with respect to amounts paid on or after July 1, 1960, for services rendered on or after such date. " (B) Paragraph (1) shall not apply with respect to amounts paid pursuant to bills rendered before July 1, 1960. I n the case of amounts paid pursuant to bills rendered on or after such date for services for which no previous bill was rendered, paragraph (1) shall apply except with respect to such services as were rendered more than 2 months before such date. Paragraph (1) shall not apply with respect to amounts paid for services rendered more than 2 months before such date." Approved June 30, 1959.
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