An Act adopting and authorizing the improvement of Rockland Harbor, Maine.
PL 84-630 (S.1749), enacted 06/29/1956

70 
S T A T . ] 
PUBLIC LAW 631~JUNE 29, 1956 
40T 
of the Internal Revenue Code of 1954 is hereby amended by inserting 
at the end thereof 
"Sec. 177. Trademark and trade name expenditures." 
(c) Subsection (a) of section 1016 of the Internal Revenue Code 
of 1954 (relating to adjustments to basis) is hereby amended by 
striking out the period at the end of paragraph (15) and inserting in 
lieu thereof a semicolon, and by adding at the end of such subsection 
the following new paragraph: 
"(16) for amounts allowed as deductions for expenditures 
treated as deferred expenses under section 177 (relating to trade-
mark and trade name expenditures) and resulting in a reduction 
of the taxpayer's taxes under this subtitle, but not less than the 
amounts allowable under such section for the taxable year and 
prior years." 
SEC. 5. LIVESTOCK SOLD ON ACCOUNT OF DROUGHT. 
(a) Section 1033 of the Internal Revenue Code of 1954 (relating 
to involuntary conversions) is hereby amended by redesignating sub-
section (f) thereof as subsection (g) and by inserting after subsection 
(e) of such section the following new subsection: 
"(f) LIVESTOCK SOLD ON ACCOUNT OF DROUGHT.—For purposes of 
this subtitle, the sale or exchange of livestock (other than poultry) 
held by a taxpayer for draft, breeding, or dairy purposes in excess 
of the number the taxpayer would sell if he followed his usual business 
practices shall be treated as an involuntary conversion to which this 
section applies if such livestock are sold or exchanged by the tax-
payer solely on account of drought." 
(b) The amendment made by this section shall apply with respect 
to taxable years ending after December 31, 1955, but only in the case 
of sales and exchanges of livestock after December 31, 1955. 
Approved June 29, 1956. 
68A Stat. 45. 
68A Stat, 300. 
26 u s e 1016. 
68A Stat. 306. 
2 6 u s e 1033. 
Effective date. 
Public Law 630 
CHAPTER 465 
AN ACT 
Adopting and anthorizinj? the imin-ovement of Rockland Harbor, Maine. 
June 29, 1956 
[S. 1749] 
Be it enacted hy the Senate and Ilou^se of Representatives 
of the 
United States of America in (•ongtess a-ssenibled^ That the modifica-
tion of the project for im])rovement of Rockland Harbor, Maine, is 
hereby adopted and authorized substantially in accordance with the 
recommendations of the Chief of Engineers contained in Senate Docu-
ment 3s'uinbered 82, Eighty-fourth Congress, first session, at an esti-
mated cost of $710,000, and subject to the conditions set forth therein, 
the work to be prosecuted under the direction of the Secretary of the 
Army and the supervision of the Chief of Engineers. 
SEC. 2. There are authorized to be appropriated such sums as may 
be necessary to carry out the provisions of this Act. 
Approved June 29, 1956. 
Rockland 
bor, Maine. 
Appropriation. 
Public Law 631 
CHAPTER 473 
AN ACT 
To amend tlie Export Control Act of 1949 to continue for an additional period 
of two years the authority provided thereunder for the regulation of exports. 
June 29, 1956 
[H. R. 9052] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assernhled, That section 12 of