Aug. 16, 1954, ch. 73668A Stat. 501Pub. L. 85–859, title I, § 132(a)72 Stat. 1288Pub. L. 86–344, § 3(b)73 Stat. 618Section 4241, acts , ; , , ; , , , imposed a tax on dues or membership fees, initiation, fees, and life memberships in social, athletic, or sporting clubs or organizations.
act Aug. 16, 1954, ch. 73668A Stat. 501Section 4242, , , defined dues and initiation fees as used in section 4241.
Aug. 16, 1954, ch. 73668A Stat. 502Pub. L. 85–859, title I, § 132(b)72 Stat. 1288Pub. L. 86–344, § 3(a)73 Stat. 618Section 4243, acts , ; , , ; , , , granted exemptions to fraternal organizations, payments for capital improvements, and nonprofit swimming or skating facilities.
Statutory Notes and Related Subsidiaries
Effective Date of Repeal
section 4243(b) of this titlesection 701(b)(1) of Pub. L. 89–44section 4291 of this titleRepeal applicable with respect to dues and membership fees attributable to periods beginning on or after , initiation fees and amounts paid for life memberships attributable to memberships beginning on or after , initiation fees paid on or after , to a new club or organization first making its facilities available to members on or after such a date, and, in the case of amounts described in , 3-year periods beginning on or after , see , set out as an Effective Date of 1965 Amendment note under .