Legalize§ 621. Machinery belting processed from cotton; exemption from tax
§ 621. Machinery belting processed from cotton; exemption from tax
The provisions of section 616 of this title, shall not apply to articles of machinery belting processed wholly or in chief value from cotton, if such processing was completed prior to January 1, 1930.
(June 26, 1934, ch. 753, § 1, 48 Stat. 1223.)
Editorial Notes
Codification
Section was not enacted as part of the Agricultural Adjustment Act which comprises this chapter.
Constitutionality
Unconstitutionality of processing and floor stock taxes, see note set out under section 616 of this title.
This document does not substitute reading the official United States Code published by the Office of the Law Revision Counsel. We assume no responsibility for any inaccuracies resulting from the conversion to this format.