An Act to authorize the loan of certain naval patrol-type vessels to the Government of Japan.
PL 82-467 (H.R.8222), enacted 07/08/1952

66 S T A T . ] 
PUBLIC LAW 467-JULY 8, 1952 
443 
"(C) the facilities used for such program are not regularly 
used during the taxable year for the conduct of sports pro-
grams to which this paragraph applies. 
As used in this paragraph, the term 'proceeds from such sports 
program' includes all amounts paid for admission to the sports 
program, plus all proceeds received by the taxpayer from such 
program or activities carried on in connection therewith." 
SEC. 2. Section 23 (a) (1) (A) of the Internal Revenue Code (relat-
ing to the deduction of trade or business expenses from gross income) 
is amended by adding at the end thereof the following new sentence: 
"In the case of any sports program conducted for the benefit of the 
American National Red Cross, expenses described in section 22 (b) 
(16) (B) shall be allowable under this subparagraph only to the extent 
that such expenses exceed the amount excluded from gross income by 
section 22 (b) (16)." 
SEC. 3. The amendments made by the first gection and section 2 of this 
Act shall apply only with respect to sports programs conducted after 
the date of the enactment of this Act under agreements entered into 
after such date. 
SEC. 4. (a) Section 23 (o) of the Internal Revenue Code (relating 
to deductions by individuals for charitable contributions) is hereby 
amended by striking out "15 per centum" and inserting in lieu thereof 
"20 per centum". 
(b) Section 120 of the Internal Revenue Code (relating to 
unlimited deduction for charitable and other contributions) is hereby 
amended by striking out "15 per centum" and inserting in lieu thereof 
"20 per centum". 
(c) The amendments made by this section shall apply only with 
respect to taxable years beginning after December 31, 1951. 
Approved July 8, 1952. 
53 Stat. 12. 
26 u s e 23. 
Supra. 
Applicability. 
Tax deduction. 
53 Stat. 56. 
26 u s e 120. 
Public Law 466 
CHAPTER 590 
AN ACT 
To amend the Act of June 23,1949, as amended, with respect to the accumulated 
balances on telephone and telegraph accounts of Members of the House of 
Representatives, 
[uly 8, 1952 
[H. R. 8499] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That paragraphs 
(1) and (2) of section 2 of the Act entitled "An Act relating to tele-
phone and telegraph service and clerk hire for Members of the House 
of Representatives", approved June 23, 1949, as amended, are each 
amended by striking out the words "fiscal year" and inserting in lieu 
thereof the words "term of office of such Member in which such month 
occurs". 
SEC. 2. The amendments made by this Act shall take effect as of 
July 1,1951. 
Approved July 8, 1952. 
House of Repre-' 
sentatives. 
T e 1 e p hone and 
telegraph service. 
65 Stat. 47. 
2 u s e 46g. 
Public Law 467 
CHAPTER 591 
AN ACT 
To authorize the loan of certain naval patrol-type vessels to the Government of 
Japan. 
July 8, 1952 
[H.R. 8222] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled., That the President 
Japan. 
' 
c 
7 
L o a n of 
vessels. 
444 
PUBLIC LAW 468-JULY 8, 1952 
[66 S T A T . 
is authorized to lend to the Government of Japan not to exceed 
eighteen patrol frigates and fifty landing craft suitable for patrol 
purposes for use by that Government for an initial period of five years 
and upon request of the Government of Japan for an additional period 
of five years. The President shall, prior to the delivery of the vessels 
to the Government of Japan, conclude an agreement with that Govern-
ment with respect to the loan of said vessels which shall include pro-
visions for the return of the vessels in substantially the same condition 
as when loaned. 
Approved July 8, 1952. 
July 8, 1952 
tr -
Public Law 468 
CHAPTER 592 
AN ACT 
IH.R. 7876]— 
Relating to the taxation of life insurance companies. 
Life i n s ur a nee 
companies. 
56 Stat. 867. 
26 u s e 201. 
65 Stat. 508. 
26 u s e 203A. 
64 Stat. 1139. 
26 u s e 433. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That section 201 
(a) (1) (relating to imposition of tax on life-insurance companies) of 
the Internal Revenue Code is hereby amended by adding after "1951" 
wherever it appears, "and 1952". 
(b) Section 203A (relating to adjusted normal-tax net income of 
life-insurance companies) of the Internal Revenue Code is hereby 
amended by adding after "1951", wherever it appears, "and 1952". 
(c) Section 433 (a) (1) (H) (relating to excess profits net income 
of life-insurance companies) of the Internal Revenue Code is hereby 
amended by adding after "1951", wherever it appears, "and 1952". 
SEC. 2, The provisions of section 201 (f) of the Internal Revenue 
Code and sections 201 (a) (1), 203A, and 433 (a) (1) (H) of the 
Internal Revenue Code as amended by this Act shall be applicable to 
taxable years beginning in 1952. 
Approved July 8, 1952. 
, 
. ) ' , • • 
July 9, 1952 
[S. 1989] 
Public Law 469 
CHAPTER 596 
AN ACT 
To designate the lake to be formed by the waters impounded by the Chief Joseph 
Dam in the State of Washington as Rufus Woods Lake. 
R u f u s 
W o o d s 
Lake, Wash. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress OAisemhlcd^ That the lake to be 
formed by the waters impounded by the Chief Joseph Dam in the 
State of Washington shall hereafter be known as Ilufus Woods Lake, 
and any law, regulation, document, or record of the United States in 
which such lake is designated or referred to shall be held to refer to 
such lake under and by the name of Rufus Woods Lake. 
Approved July 9, 1952.