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COMPARISON
OF THE REVENUE ACTS OF

1934 AND 1936

PREPARED FOR THE USE OF THE

COMMITTEE ON WAYS AND MEANS

HOUSE OF REPRESENTATIVES

UNITED STATES

GOVERNMENT PRINTING OFFICE

WASHINGTON : 1936

44 39557

1190

395ST

XL1
09/97

53-005-00 GE

566877

EXPLANATORY NOTE

This compilation is designed to set forth a comparison of the text of the Revenue Act of 1934, as amended up to June 22, 1936, and the text of the Revenue Act of 1936.

Titles I and IA (the income tax) of the 1936 act did not amend, or repeal and reenact the corresponding titles of the 1934 act, as amended. A comparison of the provisions of such titles in the two acts is shown by the use of roman type, stricken-through type, and italic type. In those titles, and in that part of the Table of Contents relating to them, roman type indicates the matter which is identical in both acts, and the differences between them are shown by strickenthrough type, which indicates matter in the 1934 act, as amended, not contained in the 1936 act, and by italic type, which indicates matter in the 1936 act not contained in the 1934 act, as amended. In cases in which the 1934 act was amended prior to the enactment of the 1936 act, the amendatory matter is set forth as if it were a part of the 1934 act as originally enacted. Footnotes have been inserted beneath the subsections or paragraphs which were so amended. These footnotes set forth the text of the 1934 act prior to its amendment and indicate the effective date of the amendment.

In titles subsequent to titles I and IA, where the 1934 act, as amended, is amended by the 1936 act, the typographical devices employed in the case of the income tax titles are used to show the textual changes made by the amendments. Where the 1936 act amended provisions of law other than the 1934 act, notes set forth a comparative print of the provision of amended earlier law and the 1936 act. In both the above cases roman type indicates matter which is identical in both provisions, stricken-through type indicates matter omitted by the later provision, and italic type indicates new matter added by the later provision. In some places, such as in the gift-tax schedules, a comparative print of the matter in its various periods of effectiveness has been set forth.

Except in the case of the capital-stock and excess-profits tax, the numerical sequence of the 1934 act has been followed. That tax has been placed immediately following title IA.

Cross references under various sections of each act furnish the page numbers upon which sections with corresponding numbers of the other act may be found.

(III)

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