26 U.S.C. § 4373 — Exemptions
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 106 words · no verdicts yet
This section lists two situations to which the tax under section 4371 does not apply. They concern certain business-connected amounts and certain indemnity bonds required by the United States.
The tax imposed by section 4371 shall not apply to— (1) Effectively connected items Any amount which is effectively connected with the conduct of a trade or business* within the United States unless such amount is exempt from the application of section 882(a) pursuant to a treaty obligation of the United States. (2) Indemnity bond* Any indemnity bond required to be filed by any person to secure payment of any pension, allowance, allotment, relief, or insurance by the United States, or to secure a duplicate for, or the payment of, any bond, note, certificate of indebtedness, war-saving certificate, warrant or check, issued by the United States.
The tax imposed by section 4371 shall not apply to—
Any amount which is effectively connected with the conduct of a trade or business* within the United States unless such amount is exempt from the application of section 882(a) pursuant to a treaty obligation of the United States.
Any indemnity bond required to be filed by any person to secure payment of any pension, allowance, allotment, relief, or insurance by the United States, or to secure a duplicate for, or the payment of, any bond, note, certificate of indebtedness, war-saving certificate, warrant or check, issued by the United States.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 522; Pub. L. 85–859, title I, § 141(a), Sept. 2, 1958, 72 Stat. 1301; Pub. L. 94–455, title XIX, § 1904(a)(12), Oct. 4, 1976, 90 Stat. 1813; Pub. L. 100–647, title I, § 1012(q)(13)(A), Nov. 10, 1988, 102 Stat. 3525.)
- 1954Enacted · Act of Aug. 16, 1954, ch. 736
- 1958Amended · Pub. L. 85-859 · 72 Stat. 1301
- 1976Amended · Pub. L. 94-455 · 90 Stat. 1813
- 1988Amended · Pub. L. 100-647 · 102 Stat. 3525
A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.
all 0 arguments · sorted by: best
no arguments yet — make the first case