Article 32. TERMINATION

The proposed Convention will con­ tinue in effect indefinitely, but may be terminated by either State at any time after 5 years from the date on which the Convention enters into force. A State seeking to terminate the pro­ posed Convention must give at least 6 months prior notice through diplo­ matic channels.

If the proposed Convention is ter­ minated, such termination will be effective as respects income of taxable years or income years beginning (or, in the case of taxes payable at the source, payments made) on or after January 1 next following the expira­ tion of the 6-month period. Notwith­ standing the foregoing provisions of this article, the provisions of Article

19 (Social Security Payments) may be terminated by either State at any time after the proposed Convention enters into force upon prior notice through diplomatic channels.

Subpart B.—Legislation

Public Law 92-552, 92nd Congress, S. 3822,1

October 25, 1972

An Act authorizing the City of Clinton Bridge Commission to convey its bridge structures and other assets to the State of Iowa and to provide for the completion of a partially con­ structed bridge across the Mississippi River at or near Clinton, Iowa, by the State Highway Commission of the State of Iowa.

Sec. 4. The interstate bridge or

1 This publication of the law is restricted to excerpts

involving internal revenue matters; Senate Report No.

92-1102 is not published herein.

dicial decisions. The proposed Con­ vention also provides (as the existing

Convention does not) for the ex­ change of information on either a rou­ tine basis or on request with reference to particular cases.

The mutual exchange of informa­ tion called for by these provisions is presently in effect in most of the Con­ ventions to which the United States is a party.