SEC. 821 (original)—Continued (a)(1)(A)-Continued Do.... (dates changed) Do.. Do... (dates changed) Do... (dates changed) Mar. 29, 1956, H.R. 9166, P.L. 84-458, § 2, 70 Stat. 66: and inserting in lieu thereof "April 1, 1957"; and (2) by striking out in the heading and in the text of clause (ii) – "March 31, 1956" and inserting in lieu thereof— "March 31, 1957". Applicability: Indicated by the terms of the amendment. Mar. 29, 1957, H.R. 4090, P.L. 85-12, § 2, 71 Stat. 9: Amended Sec. 821(a)(1)(A) (as amended by P.L. 84-458, § 2) — and inserting in lieu thereof "July 1, 1958"; and (2) by striking out in the heading and in the text of clause (ii)"March 31, 1957" and inserting in lieu thereof June 30, 1958". Applicability: Indicated by the terms of the amendment. June 30, 1958, H.R. 12695, P.L. 85-475, § 2, 72 Stat. 259: (1) by striking out in the heading and in the text of clause (i)- and inserting in lieu thereof― "July 1, 1959"; and (2) by striking out in the heading and in the text of clause (ii)— "June 30, 1958" and inserting in lieu thereof "June 30, 1959". Applicability: Indicated by the terms of the amendment. June 30, 1959, H.R. 7523, P.L. 86-75, § 2, 73 Stat. 157: (1) by striking out in the heading and in the text of clause (i)— and inserting in lieu thereof— "July 1, 1960"; and (2) by striking out in the heading and in the text of clause (ii) — "June 30, 1959" SEC. 821 (original)—Continued (a)(1)(A)—Continued Do______ (dates changed) Do.. (dates changed) Do.. (dates changed) (a) (2) _ . June 30, 1960, H.R. 12381, P.L. 86-564, § 201, 74 Stat. 290: and inserting in lieu thereof "July 1, 1961"; and (2) by striking out in the heading and in the text of clause (ii) "June 30, 1960" 14 and inserting in lieu thereof "June 30, 1961". Applicability: Indicated by the terms of the amendment. June 30, 1961, H.R. 7446, P.L. 87-72, § 2, 75 Stat. 193: and inserting in lieu thereof "July 1, 1962"; and (2) by striking out in the heading and in the text of clause (ii)— "June 30, 1961" and inserting in lieu thereof "June 30, 1962". Applicability: Indicated by the terms of the amendment. June 28, 1962, H.R. 11879, P.L. 87-508, § 2, 76 Stat. 114: (1) by striking out in the heading and in the text of clause (i)— and inserting in lieu thereof "July 1, 1963"; and (2) by striking out in the heading and in the text of clause (ii)"June 30, 1962" and inserting in lieu thereof "June 30, 1963". Applicability: Indicated by the terms of the amendment. The new dates specified in this amendment were adopted in the revision of Part II of Subchapter L of Chapter 1 later in the year 1962. See p. 360 below. Mar. 13, 1956, H.R. 7201, P.L. 84-429, § 3(a) (1), 70 Stat. 47: Amended Sec. 821(a)(2) (relating to imposition of tax on mutual companies other than interinsurers), which read as follows (68A Stat. 260): "(2) If for the taxable year the gross amount of income from interest, dividends, rents, and net premiums, minus dividends to policyholders, minus the interest which under section 103 is excluded from gross income, exceeds $75,000, a tax equal to 1 percent of the SEC. 821 (original)—Continued (a) (2) (amended 1956)-Continued (b) (1) _ _. (dates changed) Do (dates changed) Do amount so computed, or 2 percent of the excess of the amount so computed over $75,000, whichever is the lesser.", by striking out "interest, dividends, rents," and inserting in lieu thereof "the items described in section 822(b) (other than paragraph (1) (D) thereof)". Applicability: Only taxable years beginning after December 31, 1954. Mar. 30, 1955, H.R. 4259, P.L. 84-18, § 2, 69 Stat. 14: "April 1, 1955" and inserting in lieu thereof "April 1, 1956"; and (2) by striking out in the heading and in the text of subparagraph (B)— "March 31, 1955" and inserting in lieu thereof "March 31, 1956". Applicability: Indicated by the terms of the amendment. Mar. 29, 1956, H.R. 9166, P.L. 84-458, § 2, 70 Stat. 66: Amended Sec. 821(b)(1) (as amended by P.L. 84-18, § 2)— (1) by striking out in the heading and in the text of subparagraph (A)— "April 1, 1956" and inserting in lieu thereof "April 1, 1957"; and (2) by striking out in the heading and in the text of subparagraph (B) "March 31, 1956" and inserting in lieu thereof "March 31, 1957". Applicability: Indicated by the terms of the amendment. Mar. 29, 1957, H.R. 4090, P.L. 85-12, § 2, 71 Stat. 9: Amended Sec. 821(b)(1) (as amended by P.L. 84-458, § 2)— (1) by striking out in the heading and in the text of subparagraph (A)— "April 1, 1957" and inserting in lieu thereof— "July 1, 1958"; and (2) by striking out in the heading and in the text of subparagraph (B) "March 31, 1957" 227 See n. 225, p. 354 above. SEC. 821(original)—Continued (b) (1) (amended 1957)-Continued Do.... (dates changed) Do... (dates changed) Do.. and inserting in lieu thereof- Applicability: Indicated by the terms of the amendment. June 30, 1958, H.R. 12695, P.L. 85-475, § 2, 72 Stat. 259: (1) by striking out in the heading and in the text of subparagraph (A) "July 1, 1958" and inserting in lieu thereof "July 1, 1959"; and (2) by striking out in the heading and in the text of subparagraph (B)— "June 30, 1958" and inserting in lieu thereof "June 30, 1959". Applicability: Indicated by the terms of the amendment. June 30, 1959, H.R. 7523, P.L. 86-75, § 2, 73 Stat. 157: (1) by striking out in the heading and in the text of subparagraph (A) "July 1, 1959" and inserting in lieu thereof— "July 1, 1960"; and (2) by striking out in the heading and in the text of subparagraph (B)— "June 30, 1959" and inserting in lieu thereof— "June 30, 1960". Applicability: Indicated by the terms of the amendment. June 30, 1960, H.R. 12381, P.L. 86-564, § 201, 74 Stat. 290: (A) (1) by striking out in the heading and in the text of subparagraph "July 1, 1960" and inserting in lieu thereof "July 1, 1961"; and (2) by striking out in the heading and in the text of subparagraph (B) "June 30, 1960" and inserting in lieu thereof "June 30, 1961". Applicability: Indicated by the terms of the amendment. SEC. 821 (original)—Continued (b)(1)—Continued June 30, 1961, H.R. 7446, P.L. 87-72, § 2, 75 Stat. 193: (1) by striking out in the heading and in the text of subparagraph (A) "July 1, 1961" and inserting in lieu thereof— "July 1, 1962"; and (2) by striking out in the heading and in the text of subparagraph (B) "June 30, 1961" and inserting in lieu thereof "June 30, 1962". Applicability: Indicated by the terms of the amendment. June 28, 1962, H.R. 11879, P.L. 87-508, § 2, 76 Stat. 114: (1) by striking out in the heading and in the text of Subparagraph (A) "July 1, 1962" and inserting in lieu thereof "July 1, 1963"; and (2) by striking out in the heading and in the text of Subparagraph (B) "June 30, 1962" and inserting in lieu thereof "June 30, 1963". Applicability: Indicated by the terms of the amendment. Mar. 13, 1956, H.R. 7201, P.L. 84-429, § 3(a) (2), 70 Stat. 47: "interest, dividends, rents," and inserting in lieu thereof "the items described in section 822 (b) (other than paragraph (1) (D) thereof)". Applicability: Only taxable years beginning after December 31, 1954. CH. 1, SUBCH. L, PART II-MUTUAL INSURANCE COMPANIES (OTHER THAN LIFE AND CERTAIN MARINE INSURANCE COMPANIES AND OTHER THAN FIRE OR FLOOD INSURANCE COMPANIES WHICH OPERATE ON BASIS OF PERPETUAL POLICIES OR PREMIUM DEPOSITS) (Revised 196276 Stat. 989-991): Revised. Oct. 16, 1962, H.R. 10650, P.L. 87-834, § 8(a), 76 Stat. 989-991: Amended so much of Part II of Subchapter L of Chapter 1 as preceded section 822 to read as follows: 126 See n. 225, p. 354 above. |