Public Law 57–1160

That the Secretary of the Treasury, under appropriate rules and regulations to be prescribed by him, be, and he is hereby, authorized and directed to pay, out of any money in the Treasury not otherwise appropriated, to the corporations, associations, societies, or individuals as trustees or executors, such sums of money as have been paid by them as taxes upon bequests or legacies for uses of a religious, literary, charitable, or educational character, or for the encouragement of art, or legacies or bequests to

Vol. 30, p. 464.

societies for the prevention of cruelty to children, under the provisions of section twenty-nine of the Act entitled “An Act to provide ways and means to meet war expenditures, and for other purposes,” approved June thirteenth, eighteen hundred and ninety-eight.

Sec. 2.

That the Secretary of the Treasury, under rules and regulations to be prescribed by him, be, and he is hereby, authorized and directed to refund, out of any money in the Treasury not otherwise appropriated, sums paid for documentary stamps used on export bills of lading, such stamps representing taxes which were illegally assessed and collected.

Sec. 3.

That in all cases where an executor, administrator, or trustee shall have paid, or shall hereafter pay, any tax upon any legacy or distributive share of personal property under the provisions of the Act approved June thirteenth, eighteen hundred and ninety-eight, entitled “An Act to provide ways and means to meet war expenditures, and for other purposes,” and amendments thereof, the Secretary of the Treasury be, and he is hereby, authorized and directed to refund, out of any money in the Treasury not otherwise appropriated, upon proper application being made to the Commissioner of Internal Revenue, under such rules and regulations as may be prescribed, so much of said tax as may have been collected on contingent beneficial interests which shall not have become vested prior to July first, nineteen hundred and two. And no tax shall hereafter be assessed or imposed

No tax on contingent interests not vested.

under said Act approved June thirteenth, eighteen hundred and ninety-eight, upon or in respect of any contingent beneficial interest which shall not become absolutely vested in possession or enjoyment prior to said July first, nineteen hundred and two.

Sec. 4.

That taxes which shall have accrued before the taking effect

Taxes on collaterals remitted.

Ante, p. 96.

of the Act of April twelfth, nineteen hundred and two, entitled “An Act to repeal war-revenue taxation, and for other purposes,” and since July first, nineteen hundred, upon securities delivered or transferred to secure the future payment of money, are hereby remitted.