§621. Machinery belting processed from cotton; exemption from tax

The provisions of section 616 of this title, shall not apply to articles of machinery belting processed wholly or in chief value from cotton, if such processing was completed prior to January 1, 1930.

(June 26, 1934, ch. 753, §1, 48 Stat. 1223 .)

Editorial Notes

Codification

Section was not enacted as part of the Agricultural Adjustment Act which comprises this chapter.

Constitutionality

Unconstitutionality of processing and floor stock taxes, see note set out under section 616 of this title.