26 U.S.C. § 4404 — Territorial extent
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 65 words · no verdicts yet
This section addresses Territorial extent. It states the definitions, duties, powers, limits, procedures, or other rules set out in the section.
The tax imposed by this subchapter must apply only to wagers (1) accepted in the United States, or (2) placed by a person who is in the United States (A) with a person who is a citizen or resident of the United States, or (B) in a wagering pool or lottery* conducted by a person who is a citizen or resident of the United States.
The tax imposed by this subchapter shall apply only to wagers
accepted in the United States, or
placed by a person who is in the United States
with a person who is a citizen or resident of the United States, or
in a wagering pool or lottery* conducted by a person who is a citizen or resident of the United States.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 525.)
- 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.
all 0 arguments · sorted by: best
no arguments yet — make the first case