26 U.S.C. § 5801 — Imposition of tax

(a) General rule On 1st engaging in business and thereafter on or before July 1 of each year, every importer^*, manufacturer^*, and dealer^* in firearms must pay a special (occupational) tax for each place of business at the following rates: (1) Importers and manufacturers: $1,000 a year or fraction thereof. (2) Dealers: $500 a year or fraction thereof. (b) Reduced rates of tax for small importers and manufacturers (1) In general Paragraph (1) of subsection (a) must be applied by substituting “$500” for “$1,000” for any taxpayer^* the gross receipts of which (for the most recent taxable year^* ending before the 1st day of the taxable period to which the tax imposed by subsection (a) relates) are less than $500,000. (2) Controlled group rules All persons treated as 1 taxpayer under section 5061(e)(3) must be treated as 1 taxpayer for paragraph (1). (3) Certain rules to apply For purposes of paragraph (1), rules similar to the rules of subparagraphs (B) and (C) of section 448(c)(3) shall apply.