Extends for an additional temporary 2 year period the existing suspension of duties on various classifications of yearns of silk under the Tariff Schedules of the United States. Amends 19 U. S. C. 1202.
Allows the percentage depletion on trona ore to be based on the value of the soda ash exyracted from it.
Exempts from the Federal excise tax on wagers, wagers placed with a licensed person where the State involved imposes a tax on wagers or the proceeds therefrom.