[Repealed--1990 Rev. Recon. Act, sec. 11801(c)(22)(D)(i)]
(Sec. 7240. Repealed. Pub. L. 101-508, title XI, Sec. 11801(c)(22)(D)(i), Nov. 5, 1990, 104 Stat. 1388-528)
Section, acts Aug. 16, 1954, ch. 736, 68A Stat. 861; Oct. 4, 1976, Pub. L. 94-455, title XIX, Sec. 1904(b)(6)(A), 90 Stat. 1815, set forth penalties for persons who
invested or speculated in sugar while acting in any official capacity in the administration
of former chapter 37 of this title.
Background Notes
SAVINGS PROVISION
For provisions that nothing in repeal by Pub. L. 101-508 be construed to affect treatment of certain transactions occurring, property acquired,
or items of income, loss, deduction, or credit taken into account prior to Nov. 5,
1990, for purposes of determining liability for tax for periods ending after Nov.
5, 1990, see section 11821(b) of Pub. L. 101-508, set out as a note under section 29 of this title.
[7241. Repealed. Pub. L. 100-418, title I, 1941(b)(1), Aug. 23, 1988, 102 Stat. 1323]
Section, added Pub. L. 96-223, title I, 101(e)(1), Apr. 2, 1980, 94 Stat. 252, prescribed penalty for willful failure
to furnish certain information regarding windfall profit tax on domestic crude oil.
Effective Date of Repeal
Repeal applicable to crude oil removed from the premises on or after Aug. 23, 1988,
see section 1941(c) of Pub. L. 100-418, set out as an Effective Date of 1988 Amendment note under section 164 of this title.
Amendments
1976--Pub. L. 94-455, title XIX, 1904(b)(7)(C)(ii), (8)(E)(ii), (9)(C)(ii), 1952(n)(3)(B), Oct. 4, 1976,
90 Stat. 1815, 1816, 1846, struck out items 7263 “Penalties relating to cotton futures”,
7264 “Offenses relating to renovated or adulterated butter”, 7265 “Other offenses
relating to oleomargarine or adulterated butter operations”, 7267 “Offenses relating
to white phosphorus matches”, and 7274 “Penalty for offenses relating to white phosphorus
matches”.
1974--Pub. L. 93-490, 3(b)(4), Oct. 26, 1974, 88 Stat. 1467, struck out item 7266 “Offenses relating to
filled cheese”.
1970--Pub. L. 91-258, title II, 203(c)(2), May 21, 1970, 84 Stat. 239, added item 7275.
1965--Pub. L. 89-44, title VI, 601(i), June 21, 1965, 79 Stat. 155, struck out item 7275 “Failure to
print correct price on tickets”.
