An Act to provide that the tax on admissions shall not apply to certain athletic events held for the benefit of the United States Olympic Association
PL 84-354 (H.R.7095), enacted 08/11/1955

69 
S T A T . ] 
PUBLIC LAW 354-AUG. 11, 1955 
675 
Such portion of the Department of Agriculture Appropriation 
Act of 1890, approved March 2,1889, as related to examination of soils 
by experimental stations (25 Stat. 841; 7 U. S. C. 364). 
That part of the Act of October 1, 1918, relating to the Georgia 
Agricultural Experiment Station (40 Stat. 998; 7 U. S. C. 383). 
Approved August 11, 1955. 
Public Law 353 
CHAPTER 791 
AN ACT 
Granting the consent of Congress to the States of California and Nevada to 
negotiate and enter into a compact with respect to the distribution and use of 
the waters of the Truckee, Carson, and Walker Rivers, Lake Tahoe, and the 
tributaries of such rivers and lake in such States. 
August 11, 1955 
[S. 1391] 
Be it enaeted hy the Senate and Houne of Representatives 
of the 
United States of America in Congress assemhled^ That the consent 
of Congress is hereby given to the States of California and Nevada to 
negotiate and enter into a compact with respect to the distribution 
and use of the waters of the Truckee, Carson, and Walker Rivers, 
Lake Tahoe, and the tributaries of such rivers and lake in such States. 
SEC. 2. Such consent is given upon the following conditions: 
(1) A representative of the ITnited States, who shall be appointed 
by the President of the LTnited States, shall participate in such nego-
tiations and shall make a report to the President and to the Congress 
of the proceedings and of any compact entered into; and 
(2) Such compact shall not be binding or obligatory upon either 
of such States unless and until it has been ratified by uvt, legislature 
of each of such States and consented to by the Congress of the United 
States. 
SEC. 3. The right to alter, amend, or repeal this Act is hereby 
expressly reserved. 
Approved August 11, 1955. 
C a 11 f o rnla and 
Nevada. 
Water contact. 
Reports. 
Public Law 354 
CHAPTER 792 
AN ACT 
To provide that the tax on admissions shall not apply to certain athletic events 
held for the benefit of the United States Olympic Association. 
August 11, 1955 
[H. R. 7095] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That section 4233 
(a) of the Internal Revenue Code of 1954 (relating to exemptions 
from the admissions tax) is hereby amended by adding at the end 
thereof the following new paragraph: 
"(10) 
ATHLETIC EVENTS FOR BENEFIT OF UNITED STATES OLYMPIC 
ASSOCIATION.—Any admissions to an athletic event, if (A) such 
event is conducted by the United States Olympic Association, or 
the conduct of such event for the benefit of such association is 
authorized in advance by such association, and (B) all the pro-
ceeds of the admissions inure exclusively to the benefit of such 
association." 
SEC. 2. The amendment made by the first section of this Act shall 
apply only with respect to amounts paid on or after the first day of 
the first month which begins more than 10 days after the date of the 
enactment of this Act for admission on or after such first day. 
Approved August 11, 1955. 
68A Stat. 498. 
26 u s e 4233 (a).