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22 U.S.C. § 1355 — Suspension of processing tax on coconut oil
Federal law — U.S. Code and appendices · legal_authorities
Whenever the President, after consultation with the President of the Philippines, finds that adequate supplies of neither copra nor coconut oil, the product of the Philippines, are readily available for processing in the United States, he shall so proclaim, and after the date of such proclamation the provisions of section 2470(a)(2) of the Internal Revenue Code shall be suspended until the expiration of 30 days after he proclaims that, after consultation with the President of the Philippines, he has found that such adequate supplies are so readily available.
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Source file: Laws/federal/codes/united-states-code/title-22/section-1355-suspension-of-processing-tax-on-coconut-oil--e9826c15a7.md
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Source location: Title 22, Chapter 15, § 1355; chapter-015-the-republic-of-the-philippines.md
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Whenever the President, after consultation with the President of the Philippines, finds that adequate supplies of neither copra nor coconut oil, the product of the Philippines, are readily available for processing in the United States, he shall so proclaim, and after the date of such proclamation the provisions of section 2470(a)(2) of the Internal Revenue Code shall be suspended until the expiration of 30 days after he proclaims that, after consultation with the President of the Philippines, he has found that such adequate supplies are so readily available.
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Federal law — U.S. Code and appendices · legal_authorities
The Philippine Trade Act of 1946 [[22 U.S.C. 1251](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section1251&num=0&edition=prelim) et seq.] (except [section 506(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section506/a&num=0&edition=prelim) [[22 U.S.C. 1356](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section1356&num=0&edition=prelim)] relating to termination of payments into Philippine Treasury, and except amendments and repeals made by such Act) shall not apply during such time as the revised agreement is in effect.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 1373
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
#### Codification
Sections 1274 to 1274i of this title were transferred to section 1351 et seq. of Title 22, Foreign Relations and Intercourse, and were subsequently omitted from the Code.
Section 1274, act Apr. 30, 1946, ch. 244, title V, § 501, 60 Stat. 155, related to suspension and termination of agreement in case of discrimination, and was transferred to [section 1351 of Title 22](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section1351&num=0&edition=prelim).
Section 1274a, act Apr. 30, 1946, ch. 244, title V, § 502, 60 Stat. 155, related to suspension of title I of act Apr. 30, 1946, and was transferred to [section 1352 of Title 22](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section1352&num=0&edition=prelim).
Section 1274b, act Apr. 30, 1946, ch. 244, title V, § 503, 60 Stat. 156, related to customs duties on importations from Philippines, and was transferred to [section 1353 of Title 22](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section1353&num=0&edition=prelim).
Section 1274c, act Apr. 30, 1946, ch. 244, title V, § 504, 60 Stat. 156, related to quotas on Philippine articles, and was transferred to [section 1354 of Title 22](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section1354&num=0&edition=prelim).
Section 1274d, act Apr. 30, 1946, ch. 244, title V, § 505(b), 60 Stat. 157, related to suspension of processing tax on coconut oil, and was transferred to [section 1355 of Title 22](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section1355&num=0&edition=prelim).
Section 1274e, act Apr. 30, 1946, ch. 244, title V, § 506(a), 60 Stat. 157, related to termination of payments into Philippine treasury, and was transferred
Source: Supplied U.S. Code snapshot — release unconfirmed · 48 U.S.C. § 1274 to 1274i
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Federal law — U.S. Code and appendices · legal_authorities
Page 339
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 1357
30, 1946], except Part 2 of Title II [enacting sections 1261
to 1266 of this title], which shall take effect as of Janu-
ary 1, 1946.’’
SHORT TITLE
Act Apr. 30, 1946, ch. 244, title I, § 1, 60 Stat. 141, pro-
vided that: ‘‘This Act [enacting subchapters I to IV of
this chapter, amending section 1393 of this title, sec-
tions 2470 and 2800 of the Internal Revenue Code of 1939,
and section 734 of Title 48, Territories and Insular Pos-
sessions, repealing section 1301 of Title 19, Customs Du-
ties, sections 2476, and 3340 to 3343 of the Internal Rev-
enue Code of 1939, and section 1243 of Title 48] may be
cited as the ‘Philippine Trade Act of 1946’.’’
§ 1355. Suspension of processing tax on coconut
oil
Whenever the President, after consultation
with the President of the Philippines, finds that
adequate supplies of neither copra nor coconut
oil, the product of the Philippines, are readily
available for processing in the United States, he
shall so proclaim, and after the date of such
proclamation the provisions of section 2470(a)(2)
of the Internal Revenue Code shall be suspended
until the expiration of 30 days after he pro-
claims that, after consultation with the Presi-
dent of the Philippines, he has found that such
adequate supplies are so readily available.
(Apr. 30, 1946, ch. 244, title V, § 505(b), 60 Stat.
157.)
SUSPENSION OF PROVISIONS
Section not applicable during such time as the re-
vised agreement between the United States and the
Philippines is in effect, see section 1373 of this title.
Editorial Notes
REFERENCES IN TEXT
Section 2470(a)(2) of the Internal Revenue Code, re-
ferred to in text, is a reference to section 2470(a)(2) of
the Internal Revenue Code of 1939. Section 2470 w
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 1355
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