An Act to provide a 1-year extension of certain excise tax rates
PL 88-348 (H.R.11376), enacted 06/30/1964

78 STAT. ] 
PUBLIC LAW 88-348-JUNE 30, 1964 
237 
Public Law 68-348 
AN ACT 
June 30, 1964 
To provide a one-year extension of certain excise-tax rates, and for other 
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1
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.— 
purposes. 
Excise-Tax Rate 
Extension Act of 
68A Stat. 1. 
26 use 1 et 
77 Stat. 72. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America In Congress assembled^ That this Act may be 
cited as the "Excise-Tax Rate Extension Act of 1964". 
7964. 
SEC. 2. ONE-YEAR EXTENSION OF CERTAIN EXCISETAX RATES. 
(a) EXTENSION 
OF RATES.—The following provisions of 
the 
Internal Revenue Code of 1954 are amended by striking out "July 1, 
1964"' each place it appears and inserting in lieu thereof "July 1, seq 
1965' — 
(1) section 4061 (relating to motor vehicles); 
(2) section 4251 (b) (2) (relating to termination of tax on gen-
eral telephone service); 
(3) section 4261 (relating to transportation of persons by air); 
(4) section 5001 (a) (1) (relating to distilled spirits); 
(5) section 5001(a)(3) (relating to imported perfumes con-
taining distilled spirits); 
(6) section 5022 (relating to cordials and liqueurs containing 
wine); 
(7) section 5041 (b) (relating to wines); 
(8) section 5051 (a) (relating to beer); and 
(9) section 5701 (c) (1) (relating to cigarettes). 
(b) 
TECHNICAL AMENDMENTS.— 
(1) The following provisions of the Internal Revenue Code of 
1954 are amended as follows: 
(A) Subsections (a) and (b) of section 5063 (relating to 
Distiiied 
floor stocks refunds on distilled spirits, wines, cordials, and ^^*" ^' ^
*
'
^
* 
beer) are amended by striking out "July 1, 1964" each place 
it appears and inserting in lieu thereof "July 1, 1965", and by 
striking out "October 1, 1964" and inserting in lieu thereof 
"October 1,1965". 
(B) Subsections (a) and (b) of section 5707 (relating to 
cigarettes. 
floor stocks refunds on cigarettes) are amended by striking 
out "July 1, 1964" each place it appears and inserting in lieu 
thereof "July 1,1965", and by striking out "October 1, 1964" 
and inserting in lieu thereof "October 1,1965". 
(C) Section 6412(a)(1) (relating to floor stocks refunds 
Automobiles. 
on automobiles) is amended by striking out "July 1, 1964" 
each place it appears and inserting in lieu thereof "July 1, 
1965", by striking out "October 1,1964" and inserting in lieu 
thereof "October 1,1965", and by striking out "November 10, 
1964" 
each place it appears and inserting in lieu thereof 
"November 10,1965". 
(2) Section 497 of the Revenue Act of 1951 (relating to refunds J^^l'^"" ^'^'^^ 
on articles from foreign trade zones), as amended, is amended by ^""e use 5701 
striking out "July 1, 1964" each place it appears and inserting in "°te-
lieu thereof "July 1,1965". 
(3) Section 5(e) of the Tax Rate Extension Act of 1962 (relat- ^^Transportation 
ing to special credit or refund of transportation tax) is amended ^26 use 4261 
by striking out "July 1,1964" each place it appears and inserting "°*e' 
in lieu thereof "July 1, 1965". 
SEC. 3. LOSSES ARISING FROM CONFISCATION OF PROPERTY BY THE 
GOVERNMENT OF CUBA. 
(a) TREATMENT OF LOSSES.—Section 165 (i) of the Internal Revenue 
co^fs'Iation^b ^' 
Code of 1954 (relating to certain property confiscated by Cuba) is cuba. '^''^ '°" ^ 
amended to read as follows: 
Ante. p. 128. 
238 
PUBLIC LAW 88-349-JULY 2, 1964 
[78 STAT. 
68A Stat. 63. 
26 use 172. 
Ante, p. 48. 
68A Stat. 817. 
26 use 6601. 
Effective date. 
"(i) CERTAIN 
PROPERTY 
CONFISCATED 
BY THE 
GOVERNMENT 
OF 
CUBA.— 
"(1) TREATMENT AS SUBSECTION ( C ) ( 3 ) LOSS.—For purposes of 
this chapter, in the case of an individual who was a citizen of the 
United States, or a resident alien, on December 31, 1958, any loss 
of property which— 
"(A) was sustained by reason of the expropriation, inter-
vention, seizure, or similar taking of the property, before 
January 1, 1964, by the government of Cuba, any political 
subdivision thereof, or any agency or instrumentality of the 
foregoing, and 
"(B) was not a loss described in paragraph (1) or (2) of 
subsection (c), 
shall be treated as a loss to which paragraph (3) of subsection (c) 
applies. In the case of tangible property, the preceding sentence 
shall not apply unless the property was held by the taxpayer, and 
was located in Cuba, on December 31,1958. 
" ( 2 ) 
SPECIAL RULES.— 
" (A) For purposes of subsection (a), any loss described in 
paragraph (1) shall be treated as having been sustained on 
October 14,1960, unless it is established that the loss was sus-
tained on some other day. 
"(B) For purposes of subsection (a), the fair market value 
of property held by the taxpayer on December 31, 1958, to 
which paragraph (1) applies, on the day on which the loss 
of such property was sustained, shall be its fair market value 
on December 31,1958. 
"(C) For purposes of section 172, a loss described in para-
graph (1) shall not be treated as an expropriation loss 
within the meaning of section 172 (k). 
"(D) For purposes of section 6601, the amount of any tax 
imposed by this title shall not be reduced by virtue of this sub-
section for any period prior to February 26,1964. 
" (3) REFUNDS OR CREDITS.—Notwithstanding anj law or rule of 
law, refund or credit of any overpayment attributable to the 
application of paragraph (1) may be made or allowed if claim 
therefor is filed before January 1, 1965. No interest shall be 
allowed with respect to any such refund or credit for any period 
prior to February 26,1964." 
(b) EFFECTIVE DATE.—The amendment made by subsection (a) 
shall apply in respect of losses sustained in taxable years ending after 
December 31,1958. 
Approved June 30, 1964, 7:55 p.m. 
July 2. 1964 
[H. R. 6041] 
Public Law 88-349 
AN ACT 
To amend the prevailing wage section of the Davis-Bacon Act, as amended; 
and related sections of the Federal Airport Act, as amended; and the National 
Housing Act, as amended. 
Federal con-
struction contract 
laborers. 
Fringe benefits. 
49 Stat. 1011. 
Be it enacted by the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That section 1 of 
the Act of March 3, 1931, as amended (46 Stat. 1494, as amended; 40 
U.S.C. 276a), is hereby amended by designating the language of the 
present section as subsection (a) and by adding at the end thereof the 
following new subsection (b) :