An Act to suspend until the close of June 30, 1975, the duty on certain carboxymethyl cellulose salts, and for other purposes.
PL 93-483 (H.R.12035), enacted 10/26/1974

88 STAT. ] 
PUBLIC LAW 93-483-OCT. 26, 1974 
1457 
Public Law 93-483 
AN ACT 
To suspend until the close of June 30, 1!)75, the duty on certain carboxymethyl 
cellulose salts, and for otlier purposes. 
O c t o b e r 2 6 , 1974 
[H. R. 12035] 
Be It enacted hy the Senate and House of RepreHentatlces of flic 
United States of America in Congress assembled^ That subpart B of 
part 1 of the Appendix to the Tariff Schedules of the United States 
(19 IJ.S.C. 1202) is amended by insertintr immediately after item 
905.31 the followinjr new item : 
C arb ox y m e t h y l 
c e l l u l o s e 
s a l t s , 
d u t y s u s p e n s i o n ; 
I n t e r n a l R e v e n u e 
C o d e of 1954, 
a m e n d m e n t s . 
907. 60 
Carboxymethyl cellulose sodium salts of a 
purity not exceeding 98 percent nor less 
than 95 percent by weight on a dry weight 
basis (provided for in item 465.87, part 8A, 
schedule 4) 
Free 
No change 
On or before 
6/30/75. 
SEC. 2. The amendment made by the first section of this Act shall 
apply with respect to articles entered, or withdi-awn from warehouse, 
for consumption on or after the day after the date of the enactment 
of this Act. 
SEC, 3. (a) Section 2055 (e) of the Internal Revenue Code of 1954 
(relating to the disallowance of deductions in certain cases) is 
amended by adding at tlie end thereof the following new paragraph: 
''(3) In the case of a will executed before September 21, 1974, 
or a trust created before such date, if a deduction is not allowable 
at the time of the decedent's death because of the failure of an 
interest in property which passes from the decedent to a person, 
or for a use, described in subsection (a), to meet the requirements 
of subparagraph (A) of paragraph (2) of this subsection, and if 
the governing instrument is amended or conformed on or before 
December 31, 1975, or, if later, on or before the 30th day after 
the date on which judicial proceedings begun on or before Decem-
ber 31, 1975 (which ai'e required to amend or conform the gov-
erning instrument), become final, so that the interest is in a trust 
which is a charitable remainder annuity trust, a charitable 
remainder unitrust (described in section ()64), or a pooled income 
fund (described in section 642(c)(5)), a deduction shall never-
theless be allowed. The Secretary or liis delegate may, by regula-
tion, provide for the application of the provisions of this 
pai'agraph to trusts whose governing instruments are amended 
or conformed in accordance with this paragraph, and such regu-
lations may provide for any adjustments in the application of 
the provisions of section 508 (relating to special rules with respect 
to section 501(c)(3) organizations), subchapter J (relating to 
estates, trusts, beneficiaries, and decedents), and chapter 42 
(relating to private foundations), to such trusts made necessary 
by the application of this paragraph. If, by the due date for the 
filing of an estate tax return (including any extension thereof), 
the interest is in a charitable trust which, upon allowance of a 
deduction, would be described in section 4947(a) (1), or the inter-
est passes directly to a person or for a use described in subsection 
(a), a deduction shall be allowed as if the governing instrument 
was amended or conformed under this paragraph. If the amend-
ment or conformation of the governing instrument is made after 
the due date for the filing of the estate tax return (including 
any extension thereof), the deduction shall be allowed upon the 
filing of a timely claim for credit or refund (as provided for in 
section 6511) of an overpayment resulting from the application 
of this paragraph. In the case of a credit or refund as a result 
E f f e c t i v e 
d a t e , 
19 u s e 
1202 
n o t e . 
D i s a l l o w a n c e of 
d e d u c t i o n s . 
26 u s e 
2 0 5 5 . 
26 u s e 
6 6 4 . 
26 u s e 
6 4 2 . 
26 u s e 
5 0 8 . 
26 u s e 5 0 1 , 
26 u s e 6 4 1 . 
26 u s e 
4 9 4 0 . 
26 u s e 
4 9 4 7 . 
26 u s e 6 5 1 1 . 
1458 
PUBLIC LAW 93-483-OCT. 26, 1974 
[88 STAT. 
of an amendment or conformation made pursuant to this para-
graph, no interest shall be allowed for the period prior to the 
expiration of the 180th day after the date on which the claim for 
credit or refund is filed." 
26 use 2055 
Q^^ rpj^g, amendment made by subsection (a) shall apply with 
respect to estates of decedents dying after December 31.1969. 
note 
note. 
SEC. 4. APPLICATION OF SECTION 117 TO CERTAIN EDU-
CATION PROGRAMS FOR MEMBERS OF THE 
UNIFORMED SERVICES. 
26 use 117 
(a) I N GENERAL.—Any amount received from appropriated funds 
as a scholarship, including the value of contributed services and accom-
modations, by a member of a uniformed service who is receiving train-
ing under the Armed Forces Health Professions Scholarship Program 
(or any other program determined by the Secretary of the Treasury 
or his delegate to have substantially similar objectives) from an edu-
cational institution (as defined in section 151(e) (4) of the Internal 
26 use 151. 
Revenue Code of 1954) shall be treated as a scholarship under section 
26 use 117. 
117 of such Code, whether that member is receiving training while on 
active duty or in an off-duty or inactive status, and without regard to 
whether a period of active duty is required of the member as a condi-
tion of receiving those payments. 
(b) DEFINITION OF UNIFORMED SERVICES.—For purposes of this 
section, the term "uniformed service" has the meaning given it by sec-
tion 101 (3) of title 37, United States Code. 
(c) EFFECTIVE DATE.-—The provisions of this section shall apply 
with respect to amounts received during calendar years 1973, 1974, 
and 1975. 
26 use 832. 
gj,^. 5. Section 832(e) of the Internal Revenue Code of 1954 (relat-
ing to special deduction and income account in the case of certain insur-
ance companies) is amended by inserting after paragraph (5) the 
following new paragraph: 
"(6) 
LEASE GUARANTY INSURANCE; INSURANCE OF STATE AND 
L
O
C
A
L OBLIGATIONS.—In the case of any taxable year beginning 
after December 31, 1970, the provisions of this subsection shall 
also apply in all respects tx) a company which writes lease guaranty 
insurance or insurance on obligations the interest on which is 
excludable from gross income under section 103, In applying this 
subsection to such a company, any reference to mortgage guar-
anty insurance contained in this section shall be deemed to be a 
reference also to lease guaranty insurance and to insurance on 
obligations the interest on which is excludable from gross income 
under section 103; and in the case of insurance on obligations 
the interest on which is excludable from gross income under 
section 103. the references in paragraph (1) to 'losses result-
economic cycles. 
ing from adverse economic cycles' include losses from declin-
ing revenues related to such obligations (as well as losses 
resulting from adverse economic cycles), and the time specified 
in subparagraph (A) of paragraph (5) shall be the twentieth 
preceding taxable year.". 
26 use 62. 
g^^ g (^^ Section 62 of the Internal Revenue Code of 1954 is 
amended by inserting after paragraph (10) the following new 
paragraph: 
" (11) PENALTIES FORFEITED BECAUSE OF PREMATURE WITHDRAWAL 
OF FUNDS FROM TIME SAVINGS ACCOUNTS OR DEPOSITS.—The deduc-
2 6 use 165. 
tions allowed by section 165 for losses incurred in any transaction 
entered into for profit, though not connected with a trade or busi-
ness to the extent that such losses include amounts forfeited to a 
26 use 103. 
Losses result-
ing from adverse 
88 
STAT.] 
PUBLIC LAW 93-484-OCT. 26, 1974 
1459 
bank, mutual savings bank, savings and loan association, build-
ing and loan association, cooperative bank or homestead associa-
tion as a penalty for premature withdrawal of funds from a time 
savings account, certificate of deposit, or similar class of deposit." 
(b) The amendment made by this section applies to taxable years 
beginning after December 31,1972. 
Approved October 26, 1974. 
26 u s e 62 note. 
Public Law 93-484 
AN ACT 
To suspend for a temporary period the import duty on certain horses, and 
for other purposes. 
October 26, 1974 
[H. R. 13631] 
Be it enacted hy the Senate and House of Rep7'esentatwes of the 
United States of America in Congress assembled, That subpart B of 
part 1 of the appendix to the Tariff Schedules of the United States 
(19 U.S.C. 1202) is amended by inserting immediately before item 
903.90 the following new items: 
Horses, duty 
suspension; Social 
Security Act, 
amendments. 
903.50 
903.51 
Horses, other than for Immediate slaughter 
(provided for in part 1, schedule 1): 
Valued not over $150 per head (item 
100.73) 
Valued over $150 per head (item 100.74). 
Free 
Free 
No change 
No change 
On or before 
On or before 
6/30/76 
Provider Reim-
bursement Review 
Board, decisions, 
review. 
42 u s e 13950C). 
SEC. 2. The amendment made by the first section of this Act shall %^^\^sc\202^' 
apply with respect to articles entered, or withdrawn from warehouse, note. 
for consumption on or after the date of the enactment of this Act. 
SEC. 3. (a) Section 1878(f) of the Social Security Act is amended 
to read as follows: 
"(f) (1) A decision of the Board shall be final unless the Secretary, 
on his own motion, and within 60 days after the provider of services is 
notified of the Board's decision, reverses, affirms, or modifies the 
Board's decision. Providers shall have the right to obtain judicial 
review of any final decision of the Board, or of any reversal, affirm-
ance, or modification by the Secretary, by a civil action commenced 
within 60 days of the date on which notice of any final decision by 
the Board or of any reversal, affirmance, or modification by the Secre-
tary is received. Such action shall be brought in the district court of 
the United States for the judicial district in which the provider is 
located or in the District Court for the District of Columbia and 
shall be tried pursuant to the applicable provisions under chapter 7 
of title 5, United States Code, notwithstanding any other provisions 
in section 205. 
" (2) Where a provider seeks judicial review pursuant to paragraph 
(1), the amount in controversy shall be subject to annual interest 
beginning on the first day of the first month beginning after the 180-
day period as determined pursuant to subsection (a) (3) and equal to 
the rate of return on equity capital established by regulation pursuant 
to section 1861 (v) (1) (B) and in effect at the time the civil action 
authorized under paragraph (1) is commenced, to be awarded by the 
reviewing court in favor of the prevailing party. 
"(3) No interest awarded pursuant to paragraph (2) shall be 
deemed income or cost for the purposes of determining reimbursement 
due providers under this Act." 
(b) The amendment made by subsection (a) shall be applicable to 
cost reports of providers of services for accounting periods ending on 
or after June 30,1973. 
5 u s e 701. 
42 u s e 405. 
Judicial review. 
42 u s e 1395X. 
42 u s e 139500 
note.