An Act to amend the act of February 21, 1946 (60 Stat. 26), to permit the retirement of temporary officers of the naval service after completion of more than 20 years of active service
PL 84-318 (H.R.2112), enacted 08/09/1955

614 
PUBLIC LAW 318-AUG. 9, 1955 
[69 ST A T . 
26 u s e 4217. 
Effective date. 
which would be imposed upon the sale of such trailer or semi-
trailer, until the total of the tax payments under such lease and 
any prior lease equals the total tax. 
In any case where a 
trailer or semitrailer which has been leased is sold before the 
total tax has been paid, the tax payable on such sale shall be 
the difference between the tax paid on the lease payments and 
the total tax. For purposes of this paragraph, the term 'total 
tax' means the tax computed, at the rate in effect on the date of 
the initial lease, on the fair market value on the date of such 
lease. However, in the case where a trailer or semitrailer which 
has been leased is sold before the total tax has been paid, the 
total tax shall not exceed a tax computed, at the rate in effect on 
the date of the initial lease, on the amount received on such sale 
(determined without regard to section 4216 (b)) plus the total 
of the payments received by the lessor under any lease of such 
trailer or semitrailer." 
SEC. 3. Section 4217 of the Internal Revenue Code of 1954 is amended 
by adding at the end thereof a new sentence as follows: "This sec-
tion shall not apply to the lease of an article upon which the tax has 
been paid in the manner provided in section 4216 (d) (1) or the total 
tax has been paid in the manner provided in section 4216 (d) (2)." 
SEC. 4. The amendments made by subsection (a) shall take effect 
on the first day of the first month which begins more than ,10 days 
after the date of the enactment of this Act. 
In the application of 
section 4216 (d) of the Internal Revenue Code of 1954 (as added by 
this Act) to any article which has been leased before the effective date 
specified in the preceding sentence, under regulations prescribed by 
the Secretary of the Treasury or his delegate— 
(1) the fair market value of such article shall be the fair market 
value determined as of such effective date; 
(2) only payments under a lease received on or after such 
effective date shall be considered in determining when the total 
tax (a^ defined in such section 4216 (d)) has been paid; 
(3) any lease existing on such effective date, or if there is 
none, the first lease entered into after such effective date, shall be 
considered an initial lease (except that fair market value shall be 
determined as provided in paragraph (1) of this sentence) ; and 
(4) any lease existing on such effective date shall be considered 
as having been entered into on such date. 
Approved August 9, 1955. 
August 9,1955 
[H. R. 2112] 
Public Law 318 
CHAPTER 678 
AN ACT 
To amend the Ac-t of Febniavy 21, 15)40 (60 Stat. 2(5), to permit the retirement 
of temporary officers of the naval service after completion of more than twenty 
years of active service. 
Navy and Marine 
Corps. 
R e t i r e m e n t of 
temporary officers. 
34 u s e 410b. 
Be it enacted by the Senate and Hou^^e of RepreHentativeH of the 
United States of America in Congress assembled, That the Act of 
February 21, 1946 (60 Stat, 26), as amended, is further amended by— 
(a) inserting in section 6 after the word "thereof" where it 
first occurs a comma and the phrase "including any member of 
the naval service temporarily appointed to commissioned grade 
whose permanent status is enlisted,"'; 
(b) adding at the end of section 6 the following new sentence: 
"As used in this section 'active commissioned service' includes all 
active service performed under a temporary appointment to a 
69 STAT.] 
PUBLIC LAW 319-AUG. 9, 1955 
615 
commissioned grade, including a commissioned warrant grade, 
hy an officer whose permanent status is enlisted."; and 
(c) deleting section 7 (c). 
SKC. 2. (a) Any person who, on the date of enactment of this Act, 
is a member of the Fleet Reserve or Fleet Marine (^orps Reserve and 
who prior to his transfer thereto— 
(1) was serving under a temporary appointment in a cc>m-
missioned grade, and 
(2) had completed more than twenty years of active service in 
tlie Navy, Marine (^orps, Army, Air Force, or (""oast Guard, or 
the reserve components thereof, including active duty for train-
ing, at least ten years of which was active commissioned service, 
may, in the discretion of the President, be placed on the retired list 
with the highest rank in which he served satisfactorily before his 
Transfer to the Fleet Reserve or Fleet Marine Corps Reserve, if appli-
cation therefor is made wdthin ninety days after the enactment of 
tliis Act. 
(b) Any ])erson tram^ferred to the retired list under subsection (a) 
is entitled to retired pay at the rate of 2i/^ i)er centum of the active 
duty pay, with longevity credit, of the grade in which he is placed 
on the retired list, multiplied by the number of years of service for 
which entitled to credit in the com])utation of his active duty pay 
at the time of transfer to the Fleet Reserve or Fleet Marine Corps 
Reserve, not to exceed a total of 75 per centum of the active duty pay 
of that rank. 
A fractional year of six months or more shall be 
considered a full year in computing the number of years of service 
by which the rate of 21/2 per centum is multiplied. 
Approved August 9, 1955. 
34 u s e 410c. 
F l e e t 
Reserve 
transferees. 
Rank. 
Pay. 
Public Law 319 
CHAPTER 679 
AN ACT 
To amend title V of the Agricultural Act of 1949, as amended. 
August 9,1955 
[H. R. 3822] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That section 509 
of the Agricultural Act of 1949, as amended, is amended by striking 
out "December 31, 1955" and inserting "June 30, 1959". 
SEC. 2. Subsection 3 of section 502 of such Act, as amended, is 
amended by inserting before the period at the end thereof the follow-
ing : ": Provided, 
however, That if the employer can establish to 
the satisfaction of the Secretary of Labor that the employer has 
provided or paid to the worker the cost of return transportation and 
subsistence from the place of employment to the appropriate re-
ception center, the Secretary under such regulations as he may pre-
scribe may relieve the employer of his obligation to the United 
States under this subsection." 
SEC. 3. Section 503 of such Act, as amended, is amended by adding 
at the end thereof the following: 
"In carrying out the provisions of (1) and (2) of this section, 
provision shall be made for consultation with agricultural employers 
and workers for the purpose of obtaining facts relevant to the 
supply of domestic farm workers and the wages paid such workers 
engaged in similar employment. Information with respect to certifi-
cations under (1) and (2) shall be posted in the appropriate local 
public employment offices and such other public places as the Secre-
tary may require." 
Approved August 9, 1955. 
Mexican labor. 
Extension, etc. 
67 Stat. 500. 
7 u s e 1461 note. 
65 Stat. 119. 
7 u s e 1462. 
7 u s e 1463.