Excise Tax Reduction Act of 1954: Hearing Before the Committee on Finance, United States Senate, Eighty-third Congress, Second Session, on H. R. 8224, an Act to Reduce Excise Taxes, and for Other Purposes. March 15, 1954
U.S. Government Printing Office, 1954 - Excise tax - 307 pages
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20 percent activity additional admissions tax amendment American amount appliances apply approximately Association attendance automobiles average baseball beer believe bill burden cents CHAIRMAN cigar clubs collections committee companies competitive Congress consideration considered consumer continue cost cutting decline Department economic effect elimination employment equipment essential excise tax exemption fact Federal figures Finance give Government groups House important imposed income increase industry Internal Revenue Internal Revenue Code jewelry league less living theater loss major manufacturers March matches Means mechanical million oils operating organizations paid Panama percent persons present professional proposed purchase question reason reduction relief repeal Representatives result retail Secretary HUMPHREY Senator shows statement telegraph telephone theater tickets tion transportation trucks United urge volume Washington York
Page 237 - gasoline" means all products commonly or commercially known or sold as gasoline (including casinghead and natural gasoline) . (c) Certain uses defined as sales.
Page 8 - Representatives, changes in existing law made by the bill, as reported, are shown as follows (existing law proposed to be omitted is •enclosed in black brackets, new matter is printed in italics, existing law in which no change is proposed is shown in roman...
Page 11 - In addition to the tax imposed by this chapter on distilled spirits and wines, there shall be levied, assessed, collected, and paid, a tax of 30 cents on each proof gallon and a proportionate tax at a like rate on all fractional parts of such proof...
Page 16 - ... upon the payment of a fee of $1 for each 100 words or fraction thereof in the copy or copies requested.
Page 16 - No credit or refund shall be allowable under this paragraph with respect to gasoline in retail stocks held at the place where intended to be sold at retail, nor with respect to gasoline held for sale by a producer or importer of gasoline. (3) Definitions. For purposes of this section— (A) The term "dealer...
Page 181 - Congress to provide for fair and impartial regulation of all modes of transportation subject to the provisions of this Act, so administered as to recognize and preserve the Inherent advantages of each; to promote safe, adequate, economical, and efficient service and foster sound economic conditions in transportation and among the several carriers...
Page 14 - There is hereby imposed upon the sale by the manufacturer, producer, or importer of the following articles (including in each case parts or accessories of such articles sold on or in connection therewith...
Page 218 - For purposes of this subsection, the term "northern portion of the Western Hemisphere" means the area lying west of the 30th meridian west of Greenwich, east of the international dateline, and north of the Equator, but not including any country of South America.
Page 14 - There is hereby imposed upon the following articles (including in each case parts or accessories therefor sold on or in connection therewith or with the sale thereof) sold by the manufacturer, producer, or importer a tax equivalent to the specified percent of the price for which so sold: (1) Articles taxable at 10 percent, except that on and after October 1, 1972, the rate shall be 5 percent — Automobile truck chassis.