# Pub. L. 88-571: changes to the Internal Revenue Code

1964-09-02, 78 Stat. 860. Source: <https://www.govinfo.gov/link/plaw/88/public/571>.

## Legislative history

- Bill: [H.R. 5739](https://www.congress.gov/bill/88th-congress/house-bill/5739)

## § 613: Percentage depletion

- § 613(b)(2)(B), § 613(b)(6): Pub. L. 88–571 inserted “beryllium” after “antimony” in par. (2)(B), and deleted “beryl” after “bauxite” in pars. (2)(B) and (6).

## § 1212: Capital loss carrybacks and carryovers

- § 1212(a): Pub. L. 88–571 provided that if any portion of a net capital loss is attributable to a foreign expropriation capital loss, such portion shall be a short-term capital loss in each of the 10 succeeding taxable years, defined foreign expropriation capital loss, stated what portion of loss is attributable to foreign expropriation capital loss and the priority of application of the net capital loss, and struck out provisions that net capital losses for taxable years beginning before Oct. 20, 1951, were to be determined under the applicable law relating to the computation of capital gains and losses in effect before such date.

## § 6501: Limitations on assessment and collection

- § 6501(k), § 6501(l): Pub. L. 88–571 added subsec. (k) and redesignated former subsec. (k) as (l).

## § 6511: Limitations on credit or refund

- § 6511(d)(6): Pub. L. 88–571 added par. (6).

## § 6601: Interest on underpayment, nonpayment, or extensions of time for payment, of tax

- § 6601(e): Pub. L. 88–571 added par. (3) and inserted “or adjustment for certain unused deductions” in heading.

## § 6611: Interest on overpayments

- § 6611(f): Pub. L. 88–571 added par. (3) and inserted “or adjustment for certain unused deductions” in heading.