Levy, exempt property (§ 945, PL 91-172) 158

Tax Court of the United States: Appeal (§§ 959, 962, PL 91-172) 161, 162

Change of title (§§ 951, 960, PL 91-172) 159, 161 Judges:

Annuities (§§ 955, 962, PL 91

172) 160, 162 Appointments, term of office, salary (SS 952, 953, 958, 962, PL 91-172) 159, 161, 162 Retirement pay (§§ 954, 962, PL 91-172) 159, 162 Jurisdiction (§§ 957, 962, PL 91172) 161, 162

Powers (§§ 956, 962, PL 91-172) 160, 162

ESTATE:

Bank deposits, situs (§ 435, PL 91– 172) 90

Charitable, etc., transfers:

Trust remainder:

Disallowance of deductions
(§ 201, PL 91-172) 45
Nonresidents ($201, PL 91-172)
45
Organization, etc., political ac-

tivities ($201, PL 91-172) 45 Deductions (See also specific subject headings)

Levy (See: Administrative) Nonresidents, taxable estate, charitable transfers (§ 201, PL 91-172) 45

Situs of property, bank deposits (§ 435, PL 91-172) 90

Judges:

Annuities (§§ 955, 962, PL 91172) 160, 162 Appointments, term of office, salary (§§ 952, 953, 958, 962, PL 1-72) 159, 161, 162 Retirement pay (§§ 954, 962, PL 91-172) 159, 162 Powers (§§ 956, 962, PL 91-172) 160, 162 Withholding:

Allowances based on itemized deductions (§ 805, PL 91-172) 127 Alternative method of computation (§ 805, PL 91-172) 127 Annuities (§ 805, PL 91-172) 127 Exemption certificate, no tax liability (§ 805, PL 91-172) 127 Rates, surcharge period extended PL 91-36); (PL 91-53) 1

Supplemental unemployment benefits (§ 805, PL 91-172) 127 Tables (§ 805, PL 91-172) 127 Voluntary (§ 805, PL 91-172) 127

EXCISE TAXES

Assessments, private foundations (§ 101, PL 91-172) 10 Books and records:

Firearms ammunition dealers, (PL 91-128) 5

Claims (See: Limitation period; Refunds and credits)

Collections, private foundations (§ 101, PL 91-172) 10 Communications:

Tax rate extended (§ 702, PL 91– 172) 111

Deficiencies:

Private foundations, limitation period, interest (§ 101, PL 91-172)

10

Interest equalization:

Authority to modify rates, (PL 91-128) 5

Dealers and underwriters, foreign branch sales, (PL 91-128) 5 Financing companies,

(PL 91-128) 5

Loans:

election,

Foreign mineral facilities con-
struction, (PL 91-128) 5

Nonparticipating firms, return re-
quirements, penalties, (PL 91-
128) 5
Transfers:

Affiliated groups, (PL 91-128) 5
Foreign trusts, (PL 91-128) 5
Tax rates extended, (PL 91-50) 1

(PL 91-65) 4; (PL 91-128) 5 Levy, exempt property (§ 945, PL 91-172) 158

Limitation period, assessments and collections, private foundations (§ 101, PL 91-172) 10 Manufacturers: Automobiles, etc.:

Chasis and bodies:

Concrete mixers (§ 931, PL 91-172) 156

Manufacturers:

Automobiles, etc.:

Chassis and bodies:

Tax rate extended (§ 702, PL
91-172) 111

Parts or accessories:

Concrete mixers (§ 931, PL
91-172) 156

Firearms, shells, etc.:

Ammunition, record require-
ment, (PL 91-128) 5

General:

Constructive sale price, fair mar-
ket price (§ 932, PL 91-172)
156
Payment of tax, extension of time,
private foundation (§ 101, PL 91-
172) 10
Penalties:

Failure to file returns, interest

equalization, nonparticipating
firms, (PL 91-128) 5

Private foundations:

Assessable (§ 101, PL 91-172)
10

Failure to furnih annual re-
ports (§ 101, PL 91-172) 10
Period of limitation (See: Limita-
tion period)

Private foundations:

Annual reports, information re-
turns, penalties (§ 101, PL 91-
172) 10

Definitions (§ 101, PL 91-172)
10

Excess business holdings (§ 101,
PL 91-172) 10

Foreign organizations (§ 101, PL
172) 10

Private foundations-Continued
Undistributed income (§ 101, PL
91-172) 10

Rates:

Private foundations (§ 101, PL
91-172) 10

Refunds and credits:

Private foundations (§ 101, PL
91-172) 10

Returns:

Interest equalization, nonpartici-
pating firms, (PL 91-128) 5
Statute of limitation (See: Limita-
tion period)

Tax Court of the United States:

Appeal (§§ 959, 962, PL 91-172)
161, 162

Change of title (§§ 951, 960, PL
91-172) 159, 161

Judges:

Annuities (§§ 955, 962, PL 91-
172) 160, 162

Appointments, term of office,

salary (§§ 952, 953, 958, 952
PL 91-172) 159, 161, 162
Retirement pay (§§ 954, 962, PL
91-172)
Jurisdiction:

Deficiencies, private foundation

(§ 101, PL 91-172) 10
Tax disputes involving $1,000
or less (§ 957, PL 91-172)
161

Powers (§§ 956, 962, PL 91-172)
160, 162

INCOME TAX

Accounting methods:
Depreciation, public utility prop-
erty (§ 441, PL 91-172) 190
Installment basis, revocation of
election (§ 916, PL 91-172)

155

Accounting periods:

Short-period return of controlled
corporation (§ 401, PL 91-172)

75

Accumulated earnings tax:
Multiple corporations (§ 401, PL
91-172) 75

Reasonable needs of business
(§ 906, PL 91-172) 150
Adjusted basis (See: Basis)

Financial institutions, preference
income, minimum tax (§ 301,
PL 91-172) 63
Reserves:

Banks (§ 431, PL 91-172) 85
Business development corpora-
tions (§ 431, PL 91-172) 85
Mutual savings banks (§ 432,
PL 91-172) 87

Small business investment com-
panies (§ 431, PL 91-172) 85
Banks (See also: Financial institu-
tions)

Bad debt reserves (§§ 431, 432, PL
91-172) 85

Bonds, etc., or evidence of indebt-
edness sold (§ 433, PL 91-172)
89

Cooperative, definition

PL 91-172) 87
Interest

(§ 432,

paid, debt financed
acquisitions (§ 411, PL 91-172)

78
Losses on loans, net operating
loss carryback (§ 431, PL 91-
172) 85

Minimum tax, preference income
(§ 301, PL 91-172) 63
Mutual savings, etc., dividend
received deduction (§ 434, PL
91-172) 90

Basis:

Bargain sale to charitable or
ganization (§ 201, PL 91-172)
45

Basis-Continued

Bonds discounted, evidences of
indebtedness (§413, PL 91-
172) 81

Debt-financed property, exempt
organizations (§ 121, PL 91-
172) 37

Franchises, trademarks, trade-
names (§ 516, PL 91-172) 103
Low-income housing projects
(§ 910, PL 91-172) 152
Term interest in property, estates
and trusts (§ 516, PL 91-172)
103

Beneficiaries:

distribu-
tions (§ 331, PL 91-172) 70

Trusts, accumulation

Bonds:

Arbitrage obligations, states and
subdivisions (§ 601, PL 91-172)

108

Convertible, repurchase by cor-
poration (§414, PL 91-172) 83
Discounted, evidences of indebt-
edness (§ 413, PL 91-172) 81
Financial institutions, sales or ex-
change (§ 433, PL 91-172) 89
Books and records:

Annual reports, private founda-
tions, public inspection (§ 101,
PL 91-172) 10
Examination, churches, restric-

tions (§ 121, PL 91-172) 37
Bribes and kickbacks, paid govern-
ment officials (§ 902, PL 91-172)
147

Building and loan associations:

Bad debt reserves (§ 432, PL 91-
172) 87
Bonds, etc.

or evidences of in-
debtedness sold (§ 433, PL 91–
172) 89

Definition (§ 432, PL 91-172) 87
Losses on loans, net operating

loss carryback (§ 431, PL 91-
172) 85

Business expenses (See also specific
subject headings)

Antitrust, damage payments (§
902, PL 91-172) 147
Bribes and kickbacks (§ 902, PL
91-172) 147

Fines and penalties, paid Govern-
ment (§ 902, PL 91- 172) 147

Capital assets:

Bonds issued at discount, evi-
dences of indebtedness (§ 413,
PL 91-172) 81

Financial institutions, bonds, etc.
or other evidences of indebted-
ness (§ 433, PL 91-172) 89
Franchises, trademarks, trade-
names (516, PL 91-172) 103
Letters, memorandums (§ 514,
PL 91-172) 101
Capital expenditures:

Citrus groves, planning and de-
velopment (§ 216, PL 91-172)

59
Railroads, rolling stock (§ 706,
PL 91-172) 120

Capital gains and losses (See also:
Capital assets)

Alternative tax:

Net section 1201 gain defined
(§ 511, PL 91-172) 96
Tax increase (§ 511, PL 91-
172) 96

Business property:

Financial institutions, bonds,
etc. or other evidences of
indebtedness sold (§ 433, PL
91-172) 89

Netting of casualty losses, un-
insured personal assets (§ 516,
PL 91-172) 103
Corporations:

Capital loss carryback (§ 512,
PL 91-172) 98

Preference income (§ 301, PL-
172) 63

Estates and trusts:
Accumulation

distributions

(§ 331, PL 91-172) 70
Life estate, term interest sold
(§ 516, PL 91-172) 103
Reduction, investment interest
(§ 221, PL 91-172) 60
Farmers (See: Farmers and farm-
ing)

Individuals:

Employees' trust, lump-sum dis-
tribution (§ 515, PL 91-172)

101

Capital gains and losses-Continued
Individuals-Continued

Preference income (§ 301, PL
91-172) 63

Reduction, investment interest.
(§ 221, PL 91-172) 60

Livestock

(See: Farmers and

farming)
Partnerships (See: Partnerships)
Carrybacks and carryovers (See also:
Net operating loss)

Acquiring corporation, deprecia-
tion (§ 521, PL 91-172) 104
Capital loss, noncorporate tax-
payers (§ 513, PL 91-172) 100
Carryback, capital loss, corpora-
tions (§ 512, PL 91-172) 98
Investment interest (§ 221, PL
91-172) 60

Operation loss, insurance compa-
nies (§ 907, PL 91-172) 150
Charitable contributions:

Bargain sales (§ 201, PL 91-172)
45

Capital gain property (§ 201, PL
91-172) 45

Estates and trusts (§ 201, PL 91-
172) 45

Future interests in tangible per-
sonal property (§ 201, PL 91-
172) 45
Individuals:

Percentage limitations (§ 201,
91-172) 45

Unlimited deductions:

Phase out (§ 201, PL 91-172)

45

Surviving spouse (§ 201, PL
91-172) 45

Private foundations or nonexempt
trust (§§ 101, 201, PL 91-172)
10,45

Remainder interests, annuity trust
and unitrust (§ 201, PL 91-172)

45

Claims (See: Limitation period;
Refunds and credits)
Collapsible corporations:

Definitions, letters or memoran-
dums (§ 514, PL 91-172) 101

Compensations received:

Property other than cash: Employees, restricted stock or other property (§ 321, PL 91172) 68 Computation of tax, District Directors (§ 942, PL 91-172) 157 Consolidated returns:

Includible corporations, tax-exempt organizations (§ 121 PL 91-172) 37

Life insurance companies, controlled, small business deduction (§ 401, PL 91-172) 75 Multiple corporations, surtax and accumulated earnings credit

(§ 401, PL 91-172) 75 Contributions (See: Charitable contributions; Employees' plans) Controlled corporations: Additional first-year depreciation (§ 401, PL 91-172) 75 Brother-sister group, definition (§ 401, PL 91-172) 75 Debt financed acquisitions, interest (§ 411, PL 91-172) 78 Dividend received, election (§ 401, PL 91-172) 75

Investment credit (§ 401, PL 91172) 75

Minimum tax ($ 301, PL 91-172) 63.

Multiple:

Accumulated earnings tax

(§ 401, PL 91-172) 75 Surtax exemption (§ 401, PL 91-172) 75

Parent-subsidiary group, excluded stock (§ 401, PL 91-172) 75 Short-period return (§ 401, PL 91172) 75

Transitional rules (§ 401, PL 91172) 75

Controlled foreign corporations: Earnings and profits, effect of depreciation allowance (§ 442, PL 91-172) 92

Foreign base income (§ 909, PL 91-172) 152

Minimum distributions, tax sur

charge (PL 91-53) 1; (§ 701, PL 91-172) 109

Cooperatives:

Housing, stock owned by Governmental unit (§ 913, PL 91-172) 155 Per-unit retain allocations (§ 911, PL 91-172) 154 Corporations (See also specific subject headings)

Appreciated property used to redeem stock (§ 905, PL 91-172)

148

Debt financed acquisitions, interest (§ 411, PL 91-172) 78 Debt v. equity (§ 415, PL 91-172)

83

Forming, excess deduction account (§ 211, PL 91-172) 55 Information returns, bonds sold at discount (§ 413, PL 91-172) 81 Repurchase of convertible bonds (§ 414, PL-172) 83 Credits against tax (See: Foreign tax credits; Investment credit) Damages:

Antitrust:

Payments (§ 902, PL 91-172) 147

Recoveries (§ 904, PL 91-172)
148

Declarations ( See: Estimated tax)
Deductions (See also specific subject
headings)
General:

Hobby losses (§ 213, PL 91-172)
58

Social clubs, membership organ-
izations, member transactions,
limitations (§ 121, PL 91-
172) 37

Dependents (See: Exemptions)
Depletion:

Excess as preference income (§ 301,
PL 91-172) 63
Percentage, rates (§ 501, PL 91-
172) 93
Depreciation:

Accelerated as preference income (§ 301, PL 91-172) 63 Additional first-year, controlled corporations (§ 401, PL 91-172)

75

Effect on earnings and profits (§ 442, PL 91-172) 92