26 U.S.C. § 5801 — Imposition of tax
submitted 58 years ago by Pub. L. 90-618 to r/title-26-INTERNAL-REVENUE-CODE · 171 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
On 1st engaging in business and thereafter on or before July 1 of each year, every importer*, manufacturer*, and dealer* in firearms shall pay a special (occupational) tax for each place of business at the following rates:
Importers and manufacturers: $1,000 a year or fraction thereof.
Dealers: $500 a year or fraction thereof.
Paragraph (1) of subsection (a) shall be applied by substituting “$500” for “$1,000” with respect to 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.
All persons treated as 1 taxpayer under section 5061(e)(3) shall be treated as 1 taxpayer for purposes of paragraph (1).
For purposes of paragraph (1), rules similar to the rules of subparagraphs (B) and (C) of section 448(c)(3) shall apply.
Source credit: (Added Pub. L. 90–618, title II, § 201, Oct. 22, 1968, 82 Stat. 1227; amended Pub. L. 100–203, title X, § 10512(g)(1), Dec. 22, 1987, 101 Stat. 1330–449.)
- 1968Enacted · Pub. L. 90-618 · 82 Stat. 1227
- 1987Amended · Pub. L. 100-203 · 101 Stat. 1330
A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-618 on 1968-10-22.
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