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TITLE 26-INTERNAL REVENUE CODE § 234(b)(7), 78 Stat. 116; Oct. 4,1976, Pub. L. 94- 455, title XIX, § 1901(a)(146), 90 Stat. 1788.) REFERENCES IN TEXT Chapter 1 of the Internal Revenue Code of 1939, re- ferred to in subsec. (a), was comprised of sections 1 to 482 of former Title 26, Internal Revenue Code. Chap- ter 1 was repealed by section 7851(a)(1)(A) of this title. For table of comparisons of the 1939 Code to the 1954 Code, see Table I preceding section 1 of this title. See also section 7851(e) of this title for provision that ref- erences in the 1954 Code to a provision of the 1939 Code, not then applicable, shall be deemed a reference to the corresponding provision of the 1954 Code, which is then applicable. Subchapter E of chapter 2 of the Internal Revenue Code of 1939, referred to in subsec. (a) was comprised of sections 710 to 784 of former Title 26, Internal Rev- enue Code. Sections 710 to 736, 740, 742 to 744, 750, 751, 760, 761, and 780 to 784 were repealed by act Nov. 8, 1945, ch. 453, title I, § 122(a), 59 Stat. 568. Section 741 was repealed by act Oct. 21, 1942, ch. 619, title II, §§ 224(b), 228(b), 56 Stat. 920, 925. Section 752 was re- pealed by act Oct. 21, 1942, ch. 619, title II, § 229(a)(1), 56 Stat. 931, eff. as of Oct. 8, 1940. AMENDMENTS 1976-Subsec. (b)(2). Pub. L. 94-455 struck out provi- sion relating to the applicability of this paragraph where deduction arises out of payments or repayments made pursuant to a price redetermination provision in a subcontract entered into before Jan. 1, 1958. 1964-Subsec. (b)(2). Pub. L. 88-272, substituted "7701(a)(33) without regard to the limitation contin- ued in the last two sentences thereof)" for "1503(c) without regard to paragraph (2) thereof)". 1962-Subsecs. (b)(4), (5). Pub. L. 87-863 added pars. (4) and (5). 1958-Subsec. (a). Pub. L. 85-866, § 60(a), inserted in the last sentence "and subchapter E of chapter 2 of such code". Subsec. (b)(2). Pub. L. 85-866, § q0(b), (c), in second sentence inserted "with respect to rates" and added ", or by an order of a court, or are made in settlement of litigation or under threat or imminence of litigation" and added last sentence. Subsec. (b)(3). Pub. L. 85-866, § 60(d), added subsec. (b)(3). Emcrrvu DATE OF 1976 AMENDMEO Amendment of subsec. (b)(2) by Pub. L. 94-455 effec- tive for taxable years beginning after Dec. 31, 1976, see section 1901(d) of Pub. L. 94-455, set out as an Effec- tive Date of 1976 Amendment note under section 2 of this title. E, -CTzvs DATE oF 1964 AMENDMENT Amendment by Pub. L. 88-272 applicable to taxable years beginning after Dec. 31, 1963, see section 234(c) of Pub. L. 88-272, set out as an Effective Date of 1964 Amendment note under section 1503 of this title. EFFECrIVE DATE OF 1962 AMEmDMENT Section 5(b) of Pub. L. 87-863 provided that: "The amendment made by subsection (a) [to this section] shall be effective with respect to taxable years begin- ning on or after January 1, 1962." Erc ~rrvE DATE OF 1958 AMENDMENT Amendment of subsec. (a) and the last sentence of subsec. (b)(2), and subsec. (b)(3) of this section by Pub. L. 85-866, applicable to taxable years beginning after Dec. 31, 1953, and ending after Aug. 16, 1954, see sec- tion 1(c) of Pub. L. 85-866, set out as an Effective Date of 1958 Amendment note under section 165 of this title. Section 60(.) of Pub. L. 85-866 provided that: "The amendment made by subsection (b) [to second sen- tence of subsec. (b) of this section] shall apply with re- spect to taxable years beginning after December 31, 1957. No interest shall be allowed or paid on any over- payment resulting from the application of the amend- ment made by subsection (c)." CRoss REFERENCES Taxable year of inclusion of gross Income, see sec- tion 451 of this title. SECTION REFERRED TO IN OTHER SECTIONS This section is referred to in section 5 of this title. [§ 1342. Repealed. Pub. L. 94-455, title XIX, § 1901(a) (147), Oct. 4, 1976, 90 Stat. 1788] Section, added Aug. 12, 1955, ch. 870, § 3, 69 Stat. 717, related to computation of tax where taxpayer re- covers substantial amount held by another under claim of right. ErcTIVE DATE OF REPEAL Repeal by section 1901(a)(147) of Pub. L. 94-455 ef- fective for taxable years beginning after Dec. 31, 1976, see section 1901(d) of Pub. L. 94-455, set out as an Ef- fective Date of 1976 Amendment note under section 2 of this title. PART VI-MAXIMUM RATE ON PERSONAL SERVICE INCOME [1346, 1347. Repealed.] 1348. 50-percent maximum rate on personal service income. AMENMENTs 1976-Pub. L. 94-455, title III, § 302(b), title XIX, §§ 1901(b)(39)(A), 1951(c)(3)(B), (C), Oct. 4, 1976, 90 Stat. 1555, 1803, 1841, substituted in the heading of Part VI "Maximum Rate On Personal Service Income" for "Other Limitations", struck out Items 1346 and 1347, "Recovery of unconstitutional Federal taxes" and "Claims against United States involving acquisi- tion of property", respectively, and substituted in Item 1348 "50-percent maximum rate on personal service income" for "Fifty-percent maximum rate on earned income". 1969-Pub. L. 91-172, title VIII, § 804(b), Dec. 30, 1969, 83 Stat. 686, added item 1348. [§ 1346. Repealed. Pub. L. 94-455, title XIX, § 1901(a) (148), Oct. 4, 1976, 90 Stat. 17881 Section, act Aug. 16, 1954, ch. 736, 68A Stat. 349, re- lated to recovery of unconstitutional Federal taxes. EFFEcTIvE DATE or REPEAL Repeal by section 1901(a)(148) of Pub. L. 94-455 ef- fective for taxable years beginning after Doc. 31, 1976, see section 1901(d) of Pub. L. 94-455, set out as an Ef- fective Date of 1976 Amendment note under section 2 of this title. [§1347. Repealed. Pub. L. 94-455, title XIX, § 1951(b)(12)(A), Oct. 4, 1976, 90 Stat. 1840] Section. acts Aug. 16, 1954, ch. 736, 68A Stat. 349; Sept. 2, 1958, Pub. L. 85-866, title I, § 61(a), 72 Stat. 1648; Dec. 30, 1969, Pub. L. 91-172, title VIII, § 803(d)(5), 83 Stat. Z,84, related to claims against the United States involving acquisition of property. SAVINGS PROVISION Section 1951(b)(12)(B) of Pub. L. 94-455 provided that: "Notwithstanding subparagraph (A) [repealing this section], if amounts received in a taxable year be- ginning after December 31, 1976, would have been sub- ject to the provisions of section 1347 [this section] if received in a taxable year beginning before such date, the tax imposed by section,1 attributable to such re- ceipt shall be computed as if section 1347 had not been repealed." § 1347 Page 727