[Code of Federal Regulations]
[Title 26, Volume 18]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR302.1-2]

[Page 747]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 302_TAXES UNDER THE INTERNATIONAL CLAIMS SETTLEMENT ACT, AS AMENDED 
AUGUST 9, 1955--Table of Contents
 
Sec. 302.1-2  Application of regulations.

    (a) Property covered. The regulations in this part are applicable in 
connection with property vested in the Attorney General pursuant to 
section 202 (a) of the Act and in connection with the net proceeds of 
any property described under section 202(b) of such Act which was vested 
in the Attorney General after December 17, 1941, pursuant to the Trading 
With the Enemy Act, as amended (40 Stat. 411).
    (b) Taxes covered. The regulations in this part are applicable to 
any internal revenue tax with respect to (1) property vested in the 
Attorney General or any action or transaction incidental to such 
property, or (2) any person whose property is so vested or any action or 
transaction of such person, whether the tax is applicable in respect of 
the period of vesting or any other period.

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