26 U.S.C. § 7262 — Violation of occupational tax laws relating to wagering—failure to pay special tax

submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 45 words · no verdicts yet

in plain englishAI-generated · not legal advice

A person who becomes liable for a wagering special tax without paying it must pay the tax and a fine of $1,000 to $5,000.

Any person who does any act which makes him liable for special tax under subchapter B of chapter 35 without having paid such tax, must, besides being liable to the payment of the tax, be fined not less than $1,000 and not more than $5,000.

the actual law source: uscode.house.gov ↗public domain

Any person who does any act which makes him liable for special tax under subchapter B of chapter 35 without having paid such tax, shall, besides being liable to the payment of the tax, be fined not less than $1,000 and not more than $5,000.

Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 862.)

history & why it existsrecord from the source credit

1954Enacted · Act of Aug. 16, 1954, ch. 736

A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.

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