Public Law 374.
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/statutes-at-large/vol-49/public-law-374·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(/us/pl/74/373).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the times forPuget Sound.Time extended for constructing bridge across, at “The Narrows”, Wash. commencing and completing the construction of a bridge across Puget Sound, State of Washington, at or near a point commonly known as “The Narrows”, authorized to be built by the county of Pierce, a legal subdivision of the State of Washington, by an Act ofVol. 48, p. 810.
Congress approved May 28, 1934, are hereby extended one and three years, respectively, from the date of approval hereof. Sec. 2. The right to alter, amend, or repeal this Act is herebyAmendment. expressly reserved. Approved, August 27, 1935. To exempt from taxation official compensation of certain foreign representatives and to provide for the deductibility from income of certain dividends on preferred stock owned by the United States or instrumentalities thereof. 1935-08-27 767 Chapter 49 Stat. 908 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
Digitization Vendor 2025-01-07 74 1 public 908 [CHAPTER 767.] AN ACT To exempt from taxation official compensation of certain foreign representatives and to provide for the deductibility from income of certain dividends on preferred stock owned by the United States or instrumentalities thereof. August 27, 1935.[[H. R. 7998](/us/bill/74/hr7998).][[Public, No. 374](/us/pl/74/374).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Revenue Act of 1934, amendment.Vol. 48, p. 712.Exclusions from gross income.
That section 116 of the Revenue Act of 1934 relating to exclusions from gross income is amended by adding at the end thereof a new subsection reading as follows:" “(h) Compensation of employees of foreign governments. Compensation of Employees of Foreign Governments.— Wages, fees, or salary of an employee of a foreign government (including a consular or other officer, or a nondiplomatic representative) received as compensation for official services to such government— “(1) Conditions.
If such employee is not a citizen of the United States; and “(2) If the services are of a character similar to those performed by employees of the Government of the United States in foreign countries; and “(3) if the foreign government whose employee is claiming exemption grants an equivalent exemption to employees of the Government of the United States performing similar services in such foreign country. Certification of names of foreign governments which grant equivalent exemption.“The Secretary of State shall certify to the Secretary of the Treasury the names of the foreign countries which grant an equivalent exemption to the employees of the Government of the United States performing services in such foreign countries, and the character of the services performed by employees of the Government of the United States in foreign countries.
” " Sec. 2. Retroactive applications. The provisions of section 1 shall be retroactively applied in computing income under the provisions of the Revenue Act of 1934 and prior revenue Acts, or any of such Acts as amended, subject to the statutory period of limitations properly applicable to such Acts. Sec. 3. Vol. 48, p. 718. Title I of the Revenue Act of 1934, relating to income tax, is amended by adding after section 120 a new section reading as follows:" “Sec. 121. Deduction of dividends paid on certain preferred stock of certain corporations.
Deduction of Dividends Paid on Certain Preferred Stock of Certain Corporations.— In computing the net income, for any taxable year beginning after December 31, 1934, of any national banking association, or of any bank or trust company organized under the laws of any State, Territory, possession of the United States, or the Canal Zone, or of any other banking corporation engaged in the business of industrial banking and under the supervision of a State banking department or of the Comptroller of the Currency, or of any incorporated domestic insurance company, there shall be allowed as a deduction from gross income, in addition to deductions otherwise provided for in this title, any dividend (not including any distribution in liquidation) paid, within such taxable year, to the United States or to any instrumentality thereof exempt from Federal income taxes, on the preferred stock of the corporation owned by the United States or such instrumentality.
” " Approved, August 27, 1935. Granting the consent of Congress to the Commonwealth of Pennsylvania to construct, maintain, and operate a free highway bridge across the Mahoning River at or near Edinburg, in the county of Lawrence, Commonwealth of Pennsylvania. 1935-08-27 768 Chapter 49 Stat. 909 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
Digitization Vendor 2025-01-07 74 1 public 909 [CHAPTER 768.] AN ACT Granting the consent of Congress to the Commonwealth of Pennsylvania to construct, maintain, and operate a free highway bridge across the Mahoning River at or near Edinburg, in the county of Lawrence, Commonwealth of Pennsylvania. August 27, 1935.[H. R. 8098.][Public, No. 37.] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the consent ofMahoning River.
Pennsylvania may bridge, at Edinburg. Congress is hereby granted to the Commonwealth of Pennsylvania to construct, maintain, and operate a free highway bridge and approaches thereto across the Mahoning River, at a point suitable to the interests of navigation, at or near the village of Edinburg, in Mahoning Township, county of Lawrence, in the Commonwealth of Pennsylvania, in accordance with the provisions of the Act entitled “An Act to regulate the construction of bridges over navigableConstruction.Vol. 34, p. 84; [U.
S. C., p. 1474](/us/usc/p1474). waters”, approved March 23, 1906, and subject to the conditions and limitations contained in this Act. Sec. 2. The right to alter, amend, or repeal this Act is herebyAmendment. expressly reserved. Approved, August 27, 1935. To extend the times for commencing and completing the construction of a bridge across the Ohio River at or near Owensboro, Kentucky. 1935-08-27 769 Chapter 49 Stat. 909 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
Digitization Vendor 2025-01-07 74 1 public [CHAPTER 769.] AN ACT To extend the times for commencing and completing the construction of a bridge across the Ohio River at or near Owensboro, Kentucky. August 27, 1935.[[H. R. 813](/us/bill/74/hr/813).][
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