(a) General rule............. "Sec. 423. Employee stock purchase plans. TABLE OF CONTENTS-Continued TITLE II-STRUCTURAL CHANGES-Continued Sec. 221. Qualified pension, etc., plan coverage for employees of certain (a) Employees of foreign subsidiaries covered by social security (b) Employees of domestic subsidiaries engaged in business outside (b) Employee stock purchase plan...- 129 "Sec. 424. Restricted stock options. and 100 percent of value of stock.. (c) Special rule where option price is between 85 percent 129 133 (1) Reporting requirement for certain options---. (g) Special rule for applying subsections (e) and (f). 144 144 146 146 147 (2) Penalties for failure to file information returns---- (3) Penalties for failure to furnish statements to persons with 147 149 151 151 152 153 TABLE OF CONTENTS—Continued TITLE II-STRUCTURAL CHANGES-Continued Sec. 223. Installment sales by dealers in personal property. Page (a) Installment plans---- 154 (b) Effective date____. 155 Sec. 224. Timing of deductions and credits in certain cases where as serted liabilities are contested. (a) Taxable year of deduction or credit.. 155 (b) Effective dates_____. 156 (d) Certain other transfers in taxable years beginning before January 1, 1964. (c) Election as to transfers in taxable years beginning before January 1, 1964____ 157 158 Sec. 225. Interest on certain deferred payments. (d) Personal holding company income- (e) Foreign personal holding company income and stock owner 170 (a) Certain mutualization distributions made in 1962. 222 (a) Time for mailing certain notices to shareholders---(b) Certain redemptions by unit investment trusts----. (c) Effective dates----. 224 225 225 TABLE OF CONTENTS-Continued TITLE II-STRUCTURAL CHANGES-Continued Sec. 231. Foreign tax credit with respect to certain foreign mineral (a) Limitation on amount of foreign taxes to be taken into account_ Sec. 232. Amounts received from employer on sale of residence of em- Page 226 228 (a) Treatment of certain amounts received from employer on sale 229 (b) Effective date___ 233 Sec. 233. Gain from dispositions of certain depreciable realty. (a) Gain from dispositions of certain depreciable realty--- 272 (f) Special rules for property which is substantially "Sec. 1302. Definition of averagable income; related defini- (b) Certain provisions inapplicable. 295 (c) Failure of certain married individuals to make joint 296 TABLE OF CONTENTS Continued TITLE II-STRUCTURAL CHANGES-Continued "Sec. 1304. Special rules.-Continued (d) Dollar limitations in case of joint returns.... (e) Special rules where there are capital gains---- (g) Short taxable years.. "Sec. 1305. Regulations---- (b) Repeal of section 72(e) (3). (c) Amendment of section 144- (g) Effective date----- Sec. 235. Small business corporations. (a) Ownership of certain stock disregarded----- Page 298 299 300 301 301 301 301 302 304 304 305 306 (b) Certain distributions of money after close of taxable year----- 307 309 Sec. 236. Repeal of additional 2-percent tax for corporations filing con- Sec. 237. Reduction of surtax exemption in case of certain controlled corporations, etc. (a) In general_--- 318 "Sec. 1561. Surtax exemptions in case of certain controlled corporations. (a) General rule___ 318 (b) Certain short taxable years---- 319 "Sec. 1562. Privilege of groups to elect multiple surtax (e) Manner and time of giving consent and making TABLE OF CONTENTS Continued TITLE II-STRUCTURAL CHANGES-Continued Sec. 237. Reduction of surtax, etc.—Continued (b) Disallowance of surtax exemption and accumulated earnings credit_-_- (c) Technical amendments----- (d) Effective date___. Sec. 238. Validity of tax liens against mortgagees, pledgees, and pur- (a) Mortgagees, pledgees, and purchasers without actual notice or (b) Liens for estate and gift taxes-- (c) Effective date------ TITLE III-OPTIONAL TAX ON INDIVIDUALS; COLLECTION OF INCOME Sec. 301. Optional tax if adjusted gross income is less than $5,000. (c) Withholding of tax on certain nonresident aliens---- 378 378 |