ACT NO. 2211 - AN ACT AMENDING
SECTION ONE HUNDRED AND FORTY-TWO OF ACT NUMBERED ELEVEN HUNDRED AND
EIGHTY-NINE, ENTITLED "THE INTERNAL REVENUE LAW OF NINETEEN HUNDRED AND
FOUR," BY PROVIDING FURTHER EXEMPTIONS FROM THE TAXES IMPOSED BY
SECTION ONE HUNDRED AND THIRTY-NINE OF SAID ACT |
Section 1. Section one hundred and forty-two of Act Numbered
Eleven hundred and eighty-nine, entitled "The Internal Revenue Law of
Nineteen hundred and four," is hereby amended by adding at the end
thereof the following subsection: "(j) Persons
engaged in the publication or printing and publication of any
newspaper, magazine, review, or bulletin having a fixed date of
publication and having fixed prices for subscription and sale, on
receipts derived from the sale of, subscriptions to, or advertisements
in such newspaper, magazine, review, or bulletin: Provided, however,
That this provision shall not be applicable to persons engaged in the
publication or printing and publication of any newspaper, magazine,
review, or bulletin having for its principal purpose the publication of
advertisements." Sec. 2. This Act shall take effect on the first day of January, nineteen hundred and thirteen. |