Federal Register - February 24, 1949
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Source: Federal Register
816
RULES AND REGULATIONS
CONTENTS Continued
FEDEMLREGISTER
193 -0?
€omto
Published daily, except Sundays, Mondays, and days following official Federal holidays, by the Division of the Federal Register, the National Archives, pursuant to the authority contained in the Federal Register Act, ap proved July 26, 1935 49 Stat. 500, as amended; 44 U. S. C., ch. 8B, under regula tions prescribed by the Administrative Com mittee, approved by the President. Distribu tion is made only by the Superintendent of Documents, Government Printing Office, Washington 25, D. C.
The regulatory material appearing herein is keyed to the Code of Federal Regulations, which is published, under 50 titles, pursuant to section 11 of the Federal Register Act, as amended June 19, 1947.
The F ederal R egister will be furnished by mail to subscribers, free of postage, for $1.50
per month or $15.00 per year, payable in ad vance. The charge for individual copies minimum 15 varies in proportion to the size of the issue. Remit check or money order, made payable to the Superintendent of Documents, directly to the Government Printing Office, Washington 25, D. C.
There are no restrictions on the republica tion of material appearing in the F ederal
R egister.
1949 Edition CODE OF FEDERAL
REGULATIONS
The Code of Federal Regulations, 1949 Edition, contains a codifi cation >f Federal administrative rules and regulations issued on or before December 31, 1948, and in effect as to facts arising on or after January 1, 1949.
The following book Js now available:
Title 3, 1948 Supplement, con taining the full text of Presiden tial documents issued during 1948, with appropriate reference tables and index.
This book may be obtained from the Superintendent of Documents, Govern ment Printing Office, Washington 25, D. C., at $2.75 per copy.
Housing and Home Finance Agency See Public Housing Administra tion.
Industry Cooperation, Office of Notices :
Voluntary Plan for allocation of steel products for manufac ture of ore cars____ _______
Interior Department See Land Management, Bureau of.
Internal Revenue Bureau Rules and regulations:
Income tax, taxable years be ginning after Dec. 31, 1941:
Estates and trusts_________
Miscellaneous amendments..
Reserve and other policy lia bility credit for life insur ance companies__________
International Trade, Office of Rules and regulations:
Licenses, g e n e r a l; streptom ycin.----------------Justice Department See Alien Property, Office of.
Labor Department See Wage and Hour Division.
Land Management, Bureau of Notices:
Arizona; classification order__
Maritime Commission Rules and regulations:
Vessels; sale, lease, charter, de livery, or transfer to aliens, and agreement therefor____
National Military Establishment See Army Department.
Public Housing Administration Notices:
Special delegations of author ity----------Securities and Exchange Com mission Notices:
Hearings, etc. :
West Penn Electric Co. and Monongahela Power Co__ _
Worcester Gas Light Co___
Treasury Department See Internal Revenue Bureau.
Wage and Hour Division Notices:
Special Industry Committee for Virgin Islands; acceptance of resignation and appoint m ent.___________________
CODIFICATION GUIDE Con.
Pa&
841
828
816
829
815
Federal Power Commission Page Notices :
Hearings, etc.:
California Electric Power Co.
2 documents__________
844
South San Joaquin Irrigation District and Oakdale Irri gation District_________
844
Southern California Edison Co -----------------------------844
840
815
828
828
829
This amendment shall become effec tive February 11, 1949.
Sec. 6, 54 Stat. 714, 55 Stat. 206, 56
Stat. 463, 58 Stat. 671, 59 Stat. 270, 60
Stat. 215, 61 Stat. 214, 61 Stat. 321; Pub.
Law 395, 80th Cong.; 50 U. S. C. App.
and Sup. 701, 702; E. O. 9630, Sept. 27, 1945, 10 F. R. 12245, E. O. 9919, Jan. 3, 1948, 13 F. R. 59
Dated: February 4, 1949.
Assistant Director, Office of International Trade.
841
F. R. Doc. 49-1403; Filed, Feb. 23, 1949;
8:53 a. m.
TITLE 26 INTERNAL REVENUE
829
Chapter I Bureau of Internal Rev enue, Department of the Treasury Subchapter A Income and Excess Profits Taxes
845
T. D. 5687
P art 29I ncome T ax; T axable Y ears B eginning After D ecember 31, 1941
MISCELLANEOUS AMENDMENTS
845
845
843
A numerical list of the parts of the Code of Federal Regulations affected by documents published in this issue. Proposed rules, as opposed to final actions, are identified as such.
Title 6
Chapter IV;
Part 518____________________
Title 7
Chapter IX:
Part 927 proposed_____ - ___
Part 936 proposed ___ - ___-
Page
F rancis M cI ntyre,
CODIFICATION GUIDE
CONTENTS Continued
Title 14
Chapter I:
Part 228 proposed__________
Title 15
Chapter III:
Part 372__________
Title 26
Chapter I:
Part 29 3 documents_____ 816, Title 34
Chapter V:
Part 578____________________
Title 46
Chapter II:
Part 221____________________
Pa 815
829
840
Regulations 111 amended to conform to the Revenue Act of 1948 Pub. Law 471, 80th Cong.
On October 27, 1948, notice of pro posed rule making, regarding amend ments to the income tax regulations made necessary by the Revenue Act of 1948 62 Stat. I l l , enacted April 2,1948, was published in the F ederal R egister 13 F. R. 6289. No objection to the rules proposed having been received, the amendments set forth below are hereby adopted. The amendments are made in order to conform Regulations 111 26
CFR, Part 29, relating to the income tax, to the amendments made to chapter 1 of the Internal Revenue Code by the Revenue Act of 1948.P aragraph 1. There is inserted imme diately preceding 29.11-1 the following:
T itle II ncome T ax R eduction
Revenue Act of 1948
S ec. 101. R eduction surtax.
op normal tax and
Section 12 c of the Internal Revenue Code is hereby amended to read as follows:
c Reduction of tentative normal tax and tentative surtax. 1 The combined normal tax and surtax under section 11 and subsec-