Renegotiation Act of 1951 as Amended Through August 1, 1956, Printed for the Use of ... Pursuant to Sec. 8021(c) of the Internal Revenue Code of 1954, and Public Law 216, 84-1, Approved August 3, 1955, Compiled for the ... by the Renegotiation Board
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83d Cong 84th Cong accordance added by Pub Administrator agency aggregate agreement amended amount of excessive amounts received applicable appropriate approved August attributable authorized Board common conducted contract or subcontract contractor or subcontractor Contracts Price Adjustment costs December 31 deems delegation Department designated determined determining the amount direct duties effective elimination employed enactment established excessive profits Executive exempt extent Federal filed fiscal year ending function furnish Government interest Internal Revenue Code italics in section June 30 materials Matter in italics means ment method national defense officer opinion otherwise paid paragraph payment performance period person prescribed prior proceeding provisions Public pursuant reasonably receipts or accruals received or accrued regard regulations Renegotiation Act respect Secretary section 103 sentence specific statement subcon subsection Tax Court term termination date thereof tion tractor United withheld
Page 22 - The principal office of the Board shall be in the District of Columbia, but it may meet and exercise any or all of its powers at any other place.
Page 15 - Board, that excessive profits are improbable; or " (5) any contract or subcontract with an organization exempt from taxation under section 101 (6) of the Internal Revenue Code...
Page 6 - Government agency" means any executive department, commission, independent establishment, corporation wholly or partly owned by the United States which is an instrumentality of the United States, board, bureau, division, service, office, officer, authority, administration, or other establishment, in the executive branch of the Government.
Page 15 - ... is subject to the jurisdiction of the Interstate Commerce Commission under Part III of the Interstate Commerce Act or subject to the jurisdiction of the Federal Maritime Board under the Intercoastal Shipping Act, 1933...
Page 11 - ... be reopened as to the matters agreed upon, and shall not be modified by any officer, employee, or agent of the United States, and (2) such agreement and any determination made in accordance therewith shall not be annulled, modified, set aside, or disregarded in any suit, action, or proceeding.
Page 8 - ... shall, at the request of the contractor or subcontractor, as the case may be, prepare and furnish such contractor or subcontractor with a statement of such determination, of the facts used as a basis therefor, and of its reasons for such determination. Such statement shall not be used in The Tax Court of the United States as proof of the facts or conclusions stated therein.
Page 17 - ... any contract or subcontract for the product of a mine, oil or gas well, or other mineral or natural deposit, or timber, which has not been processed, refined, or treated beyond the first form or state suitable for industrial use...
Page 24 - Is not embodied in an agreement with the contractor or subcontractor, may, within ninety days (not counting Sunday or a legal holiday in the District of Columbia as the last day) after the date of such determination, file a petition with The Tax Court of the United States for a redetermination thereof.
Page 7 - Secretary may direct, any amounts which under paragraph (3) (B) the contractor is directed to withhold from a subcontractor and which are actually unpaid at the time the contractor receives such direction. The obligations assumed by the contractor or subcontractor under paragraph (1) or (3) (A), as the case may be, agreeing to the elimination of excessive profits through renegotiation shall be binding on him only if the contract or subcontract, as the case may be, is subject to subsection (c).