An Act to provide for the free entry of an intermediate lens beta-ray spectrometer for the use of Tulane University, New Orleans, Louisiana, and to amend section 165 of the Internal Revenue Code of 1954 with respect to treatment of casualty losses in areas designated by the President as disaster areas
PL 87-426 (H.R.641), enacted 03/31/1962

76 STAT. ] 
PUBLIC LAW 87-427-MAR. 31, 1962 
51 
Public Law 87-426 
AN ACT 
To provide for the free entry of an intermediate lens beta-ray spectrometer for 
the use of Tulane University,, New Orleans, Louisiana, and to amend section 
165 of the Internal Revenue Code of 1954 with respect to treatment of casualty 
losses in areas designated by the President as disaster areas. 
March 31, 1962 
[H. R. 641] 
Be it enacted hy the Senate and House of Representatwes 
of the 
United States of America in Congress assemhled^ That the Secretary 
of the Treasury is authorized and directed to admit free of duty one 
intermediate lens beta-ray spectrometer imported for the use of Tulane 
University, New Orleans, Louisiana. 
SEC. ^. (a) Section 165 of the Internal Kevenue Code of 1954 
(relating to losses) is amended— 
(1) By redesignating subsection (h) as subsection (i), and 
(2) By inserting after subsection (g) a new subsection (h) 
as follows— 
"(h) DISASTER LOSSES.—^Notwithstanding the provisions of subsec-
tion (a), any loss 
" (1) attributable to a disaster which occurs during the period 
following the close of the taxable year and on or before the time 
prescribed by law for filing the income tax return for the taxable 
year (determined without regard to any extension of time), and 
"(2) occurring in an area subsequently determined by the 
President of the United States to warrant assistance by the 
Federal Government under sections 1855-1855g of title 42, 
at the election of the taxpayer, may be deducted for the taxable year 
immediately preceding the taxable year in which the disaster occurred. 
Such deduction shall not be in excess of so much of the loss as would 
have been deductible in the taxable year in which the casualty occurred. 
If an election is made under this subsection, the casualty resulting in 
the loss will be deemed to have occurred in the taxable year for which 
the deduction is claimed." 
(b) The amendments made by this section shall be effective with 
respect to any disaster occurring after December 31, 1961. 
Approved March 31, 1962. 
Beta-ray s 
trometer. 
Free entry. 
Disaster losses. 
Tax treatment. 
68A Stat. 49. 
26 u s e 165. 
64 Stat. 1109. 
Effective date. 
Public Law 87-427 
AN ACT 
For the relief of the city of Pasco, Washington. 
March 31, 1962 
[S. 1756] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assemhled^ That the city of 
Pasco, Washington, is hereby relieved of all liability to pay to the 
United States the sum of $3,000, representing the value of approxi-
mately 60,000 cubic yards of sand and gravel removed and sold by 
such city in connection with the development of a portion of a reservoir 
area (formed by the McNary Dam project) licensed to such city by 
the United States under the provisions of section 4 of the Act of 
December 22, 1944, as amended (58 Stat. 889), such city having 
utilized the total proceeds realized from the disposition of such sand 
and gravel for the construction of a public recreational facility. 
Approved March 31, 1962. 
Pasco, Wash. 
Relief. 
68 Stat. 1266. 
16 u s e 460d.