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![handle is hein.tera/actredpro0001 and id is 1 raw text is: [PUBLIC-No. 562-70TH CONGRESS]
[H. R. 11
An Act To reduce and equalize taxation, provide revenue, and
for other purposes.
Be it enacted by the S.enate and House of Representatives of the
United States of. Anerica in Congress assembled, That this Act,
divided into titles and sections according to the following Table
of Contents, may be cited as the Revenue Act of 1928;
TABLE OF CONTENTS
TITLE I-INcomE TAX
SUBTITLE A-INTRODUCTORY PROVISIONS
Sec. 1. Application of title.
Sec. 2. Cross references.
Sec. 3. Classification of provisions.
Sec. 4. Special classes of taxpayers.
SUBTITLE B-GENERAL PROVISIONS
PART I-RATES OF TAX
Sec. 11. Normal tax on individuals.
Sec. 12. Surtax on individuals.
Sec. 13. Tax on corporations.
Sec. 14. Taxable period embracing years with different laws.
PART II-COPUTATION OF NET INcoME
Sec. 21. Net income.
Sec. 22. Gross income.
Sec. 23. Deductions from gross income.
Sec. 24. Items not deductible.
Sec. 25. Credits of individual against net income.
Sec. 26. Credits of corporation against net income.
PART III-CREDITS AGAINST TAX
Sec. 31. Earned income credit.
See. 32. Taxes of foreign countries and possessions of United States.
Sec. 33. Taxes withheld at source.
Sec. 34. Erroneous payments.
PART IV-AcCOUNTING PERIODS AND M BTHODS OF AccouNIr-NG
Sec. 41. General rule.
Sec. 42. Period in which items of gross income included.
Sec. 43. Period for which deductions and credits taken.
Sec. 44. Installment basis.
Sec. 45. Allocation of income and deductions.
See. 46. Change of accounting period.
Sec. 47. Retft Cs rot a~perod~of less thau twve months.
Sec. 48. Defiffitions,
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