Chapter 435. To amend section 281 of the Revenue Act of 1924
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CHAP. 435.— An Act To amend section 281 of the Revenue Act of 1924. March 3, 1925.[[H. R. 12300](/us/bill/68/hr/12300).][[Public, No. 553](/us/pl/68/553).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, * That subdivision Income tax.Credits and refunds allowed.On claims for taxable year 1919 if waiver filed.*Ante*, p. 302, amended.(e) of section 281 of the Revenue Act of 1924 is amended by adding thereto two new sentences to read as follows :
“If the taxpayer has, on or before June 15, 1925, filed such a waiver in respect of the taxes due for the taxable year 1919, then such credit or refund relating to the taxes for the taxable year 1919 shall be allowed or made if claim therefor is filed either on or before April 1, 1926, or within On extension of period.four years from the time the tax was paid. If any such waiver so filed has, before the expiration of the period thereof, been extended either by the filing of a new waiver or by the extension of the original waiver, then such credit or refund relating to the taxes for the year in respect of which the waiver was filed shall be allowed or made if claim therefor is filed either
(1)within four years from the time 1116For taxable years 1917, 1918.the tax was paid, or
(2)on or before April 1, 1926, in the case of credits or refunds relating to the taxes for the taxable years 1917 and 1918, or on or before April 1, 1927, in the case of credits or For year 1919.refunds relating to the taxes for the taxable year 1919.” Approved, March 3, 1925.