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TITLE 26-INTERNAL REVENUE CODE 6601, 6611, 6652 and 7701 of this title, and section 1464 of Title 12, Banks and Banking, renumbering section 38 as section 39 of this title and section 823 as section 822(f) of this title, repealing section 522 of this title, enacting provisions set out as notes under sections 38, 72, 162, 170, 216, 301, 593, 595, 643, 821, 902, 904, 911, 951, 1245, 1246, 1248, 1249, 1307, 1371, 1374, 1381, 2031, 4382, 6038, 6042, 6046, 7701 and 7852 of this title and under section 1984 of Title 50, Appendix, War and Na- tional Defense, and amending section 188 of the Inter- nal Revenue Code of 1939] may be cited as the 'Rev- enue Act of 1962'." Pub. L. 87-508, § 1, June 28, 1962, 76 Stat. 114 pro- vided: "That this Act [amending sections 11, 821, 4061, 4251 to 4253, 4261 to 4264, 5001, 5002, 5041, 5051, 5063, 5701, 6707, 6412, 6416, and 6421 of this title, enacting provisions set out as notes under section 4261, 6416, and 6421 of this title, and amending provisions set out as a note under section 5701 of this title] may be cited as the 'Tax Rate Extension Act of 1962'." SHORT TITLE OF 1961 AMENDMENT Pub. L, 87-72, § 1, June 30, 1961, 75 Stat. 193, pro- vided: "That this Act [amending sections 11, 821, 4061, 4251, 4261, 5001, 5022, 5041, 5051, 5063, 5701, 5707 and 6412 of this title, and a provision set out as a note under section 5701 of this title] may be cited as the 'Tax Rate Extension Act of 1961'." SHORT TITLE OF 1959 AMENDMENT Pub. L. 86-75, § 1, June 30, 1959, 73 Stat. 157, pro- vided: "That this Act [amending sections 11, 821, 4061, 4251, 4261, 5001, 5022, 5041, 5051, 5063, 5701, 5707 and 6412 of this title, and provisions set out as a note under section 5701 of this title] may be cited as the 'Tax Rate Extension Act of 1959'." SHORT TITLE OF 1958 AMENDMENT Pub. L. 85-866, § 1(a), Sept. 2, 1958, 72 Stat. 1606, provided that: "This title [enacting sections 178, 455, 558, 1242, 1243, 1306, 1371 to 1377, 1482, 2208, 2517, 6037, 7513, and 7514 of this title, amending sections 35, 75, 101, 152, 162, 164 to 168, 170 to 172, 213, 243, 246, 337, 341, 358, 372, 381, 391, 403, 404, 421, 453, 481, 503, 534, 535, 545, 556, 582, 611, 613, 614, 851, 852, 871, 904, 905, 911, 1015, 1016, 1031, 1033, 1034, 1053, 1071, 1231 to 1235, 1237, 1239, 1312, 1314, 1341, 1347, 1441, 1504, 2011, 2014, 2015, 2039, 2055, 2106, 2501, 2517, 2522, 3121, 3122, 3504, 6012, 6013, 6015, 6033, 6104, 6163, 6164, 6212, 6325. 6333, 6339, 6501, 6504, 6532, 6601, 6611, 6652, 6653, 6851, 6871, 7213, 7324, 7325, 7422, 7455, and 7502 of this title, and sections 22, 131, 812, 813, 925 to 927, 3771 and 3794 of Internal Revenue Code of 1939, repealing section 120 of this title, and enacting notes set out under sections 75, 120, 152, 162, 164, 168, 170 to 172, 178, 213, 243, 246, 341, 372, 391, 403, 421, 453, 455, 481, 545, 556, 613, 614, 852, 871, 904, 905, 1016, 1071, 1231, 1233, 1235, 1306, 1312, 1341, 1347, 1361, 1482, 2011, 2015, 2039, 2517, 3504, 6012, 6104, 6163, 6511, 6601, and 7502 of this title, and under sec- tions 22, 42, 106, 812 and 3772 of Internal Revenue Code of 1939] may be cited as the 'Technical Amend- ments Act of 1958'." Pub. L. 85-866, § 201, Sept. 2, 1958, 72 Stat. 1676, pro- vided that: "This title [amending sections 165, 172, 179, 535, 1244, 1551, 6161, 6166, 6503, and 6601 of this title, and enacting provisions set out as notes under sections 172, 179, 535, 6161 of this title] may be cited as the 'Small Business Tax Revision Act of 1958'." Pub. L. 85-475, § 1, June 30, 1958, 72 Stat. 259 pro- vided: "That this Act [amending sections 11, 821, 4061, 4292, 5001, 5022, 5041, 5051, 5063, 5134, 5701, 5707, 6412, 6415, 6416, 7012 and 7272 of this title, and re- pealing sections 4271 to 4273 and 4281 to 4283 of this title] may be cited as the 'Tax Rate Extension Act of 1958'."1 EFFECTIVE DATE OF CERTAIN DEFINITIONS AND DESIGNATIONS Pub. L. 94-455, title XIX, § 1908, Oct. 4, 1976, 90 Stat. 1836, provided that: "For purposes of any amend- ment made by any provision of this Act [see Tables volume for distribution of Pub. L. 94-455] (other than this title)- "(1) which contains a term the meaning of which is defined in or modified by any provision of this title, and "(2) which has an effective date earlier than the effective date of the provision of this title defining or modifying such term, that definition or modification shall be considered to take effect as of such earlier effective date." CONGRESSIONAL DECLARATION RELATING TO 1975 AMENDMENT Pub. L. 94-164, § IA, Dec. 23, 1975, 89 Stat. 970, pro- vided that: "(a) Congress is determined to continue the tax re- duction for the first 6 months of 1976 in order to assure continued economic recovery. "(b) Congress is also determined to continue to con- trol spending levels in order to reduce the national deficit. "(c) Congress reaffirms its commitments to the pro. cedures established by the Congressional Budget and Impoundment Control Act of 1974 [See Tables volume for distribution of Pub. L. 93-344, July 12, 1974, 88 Stat. 297] under which it has already established a binding spending ceiling for the fiscal year 1976. "(d) If the Congress adopts a continuation of the tax reduction provided by this Act [see Short Title of 1975 Amendment note above] beyond June 30, 1976, and if economic conditions warrant doing so, Congress shall provide, through the procedures in the Budget Act [Pub. L. 93-344], for reductions in the level of spend. ing in the fiscal year 1977 below what would otherwise occur, equal to any additional reduction in taxes (from the 1974 tax rate levels) provided for the fiscal year 1977: Provided, however, That nothing shall preclude the right of the Congrebs to pass a budget resolution containing a higher or lower expenditure figure if the Congress concludes that this is warranted by economic conditions or unforeseen circumstances." CONGRESSIONAL DECLARATION RELATING TO THE 1964 AMENDMENTS Pub. L. 88-272, § 1, Feb. 26, 1964, 78 Stat. 19, pro. vided that: "It is the sense of Congress that the tax re- duction provided by this Act [see Short Title of 1964 Amendment note under this section] through stimula- tion of the economy, will, after a brief transitional period, raise (rather than lower) revenues and that such revenue increases should first be used to elimi- nate the deficits in the administrative budgets and then to reduce the public debt. To further the objec- tive of obtaining balanced budgets in the near future, Congress by this action, recognizes the importance of taking all reasonable means to restrain Government spending and urges the President to declare his accord with this objective." CROSS REFERENCES Deductions for individuals, Additional itemized allowable, see section 211 et seq. of this title. Individuals not eligible for standard deduction, see section 142 of this title. Itemized deductions, see section 161 et seq. of this title. Personal exemptions, see section 151 et seq. of this title. Standard, see section 141 et seq. of this title. Dependent defined, see section 152 of this title. Effect of change of rate of tax, see section 21 of this title. Page 32