# Pub. L. 88-31: changes to the Internal Revenue Code

1963-05-29, 77 Stat. 51. Source: <https://www.govinfo.gov/link/plaw/88/public/31>.

## Legislative history

- Bill: [H.R. 4655](https://www.congress.gov/bill/88th-congress/house-bill/4655)

## § 3301: Rate of tax

- § 3301: Pub. L. 88–31 reduced the tax rate for the year 1963 from 3.5 percent to 3.35 percent.

## § 3302: Credits against tax

- § 3302(d)(1): Pub. L. 88–31 substituted “the rate provided by such section” for “3.1 percent (or, in the case of the tax imposed with respect to the calendar years 1962 and 1963, in lieu of 3.5 percent)”.