2011 US Code
Title 22 - Foreign Relations and Intercourse
Chapter 15 - THE REPUBLIC OF THE PHILIPPINES (§§ 1251 - 1395)
Subchapter IV - GENERAL PROVISIONS RELATING TO TRADE RELATIONS (§§ 1351 - 1360)
Section 1355 - Suspension of processing tax on coconut oil
View MetadataPublication Title | United States Code, 2006 Edition, Supplement 5, Title 22 - FOREIGN RELATIONS AND INTERCOURSE |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 22 - FOREIGN RELATIONS AND INTERCOURSE CHAPTER 15 - THE REPUBLIC OF THE PHILIPPINES SUBCHAPTER IV - GENERAL PROVISIONS RELATING TO TRADE RELATIONS Sec. 1355 - Suspension of processing tax on coconut oil |
Contains | section 1355 |
Date | 2011 |
Laws in Effect as of Date | January 3, 2012 |
Positive Law | No |
Disposition | standard |
Source Credit | Apr. 30, 1946, ch. 244, title V, §505(b), 60 Stat. 157. |
Statutes at Large References | 60 Stat. 157, 1349 63 Stat. 1279 76 Stat. 77 100 Stat. 2095 |
Public Law References | Public Law 87-456, Public Law 99-514 |
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Whenever the President, after consultation with the President of the Philippines, finds that adequate supplies of neither copra nor coconut oil, the product of the Philippines, are readily available for processing in the United States, he shall so proclaim, and after the date of such proclamation the provisions of section 2470(a)(2) of the Internal Revenue Code shall be suspended until the expiration of 30 days after he proclaims that, after consultation with the President of the Philippines, he has found that such adequate supplies are so readily available.
(Apr. 30, 1946, ch. 244, title V, §505(b), 60 Stat. 157.)
Suspension of ProvisionsSection not applicable during such time as the revised agreement between the United States and the Philippines is in effect, see section 1373 of this title.
References in TextSection 2470(a)(2) of the Internal Revenue Code, referred to in text, is a reference to section 2470(a)(2) of the Internal Revenue Code of 1939. Section 2470 was repealed by section 7851 of the Internal Revenue Code of 1954, Title 26, and was reenacted as sections 4511 and 4513 of Title 26. The Internal Revenue Code of 1954 was redesignated the Internal Revenue Code of 1986 by Pub. L. 99–514, §2, Oct. 22, 1986, 100 Stat. 2095. Sections 4511 and 4513 of Title 26 were repealed by Pub. L. 87–456, title III, §302(d), May 24, 1962, 76 Stat. 77, effective Aug. 31, 1963.
Termination of Suspension of Additional Rate on Coconut OilBy Proc. No. 2847, July 28, 1949, 14 F.R. 4773, 63 Stat. 1279, the President found that “adequate supplies of copra and coconut oil, the product of the Philippines, are readily available for processing in the United States” and that upon the expiration of 30 days from July 28, 1949, the suspension of the provisions of section 2470(a)(2) of the Internal Revenue Code of 1939 will be terminated.
Suspension ProclamationBy Proc. No. 2693, June 28, 1946, 11 F.R. 7255, 60 Stat. 1349, the President found that “adequate supplies of neither copra nor coconut oil, the product of the Philippines, are readily available for processing in the United States,” and therefore the provisions of section 2470(a)(2) of the Internal Revenue Code of 1939 are suspended.
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