Volume 75 · 41
Public Law 87–15
To amend and extend the Sugar Act of 1948, as amended.
Approved March 31, 1961
Statutory text
AN ACT
To amend and extend the Sugar Act of 1948, as amended.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That, effective March 31, 1961, section 412 of the Sugar Act of 1948 (relating to note termination of the powers of the Secretary under the Act) is amended to read: “The powers vested in the Secretary under this Act shall terminate on June 30, 1962, except that the Secretary shall have power to make payments under title III under programs applicable to the crop year 1962 and previous crop years”.
Sec. 2.
Section 4501(c) (relating to termination of taxes on
68A Stat. 533; 74 Stat. 330.
26 USC 4501.
sugar) of the Internal Revenue Code of 1954 is amended by striking out “September 30, 1961” in each place it appears therein and inserting in lieu thereof “December 31, 1962”.
Section 6412(d) (relating to refund of taxes on sugar) of the
Internal Revenue Code of 1954 is amended by striking out “September 30, 1961” where it first appears therein and inserting in lieu thereof “December 31, 1962”, and by striking out “September 30, 1961” where it appears therein the second time and inserting in lieu thereof “March 31, 1963”.
Sec. 3.
Effective March 31, 1961, section 408 of the Sugar Act of
1948, as amended (relating to suspension of quotas), is amended by striking out of subsection (b) “for the period ending March 31, 1961”. and inserting “for the period ending June 30, 1962”; and by striking out of paragraph (b)(1) “for the balance of calendar year 1960 and for the three-month period ending March 31, 1961” and inserting “for the period ending June 30, 1962”; and by inserting immediately before the colon in subparagraph (2)(iii) of subsection (b) a semicolon and the words “except that any amount which would be purchased from any country with which the United States is not in diplomatic relations need not be purchased” and by inserting in the “provided” clause a comma after the phrase “additional amounts of sugar” and inserting immediately thereafter the phrase “including any amounts which would otherwise be purchased from any such country with which the United States is not in diplomatic relations,”; and by striking out the semicolon at the end of subparagraph (b)(2)(iii) and inserting “except that special consideration shall be given to countries of the Western Hemisphere and to those countries purchasing United States agricultural commodities;”.
Approved March 31, 1961.