26 U.S.C. § 7231 — Failure to obtain license for collection of foreign items
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 69 words · no verdicts yet
This section makes it a misdemeanor to collect foreign items without obtaining the required license. It sets a fine, imprisonment, or both.
Any person required by section 7001 (relating to collection of certain foreign items) to obtain a license who knowingly undertakes to collect the payments described in section 7001 without having obtained a license therefor, or without complying with regulations prescribed under section 7001, shall be guilty of a misdemeanor and, upon conviction thereof, shall be fined not more than $5,000, or imprisoned not more than 1 year, or both.
Any person required by section 7001 (relating to collection of certain foreign items) to obtain a license who knowingly undertakes to collect the payments described in section 7001 without having obtained a license therefor, or without complying with regulations prescribed under section 7001, shall be guilty of a misdemeanor and, upon conviction thereof, shall be fined not more than $5,000, or imprisoned not more than 1 year, or both.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 857.)
- 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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