26 U.S.C. § 7261 — Representation that retailers’ excise tax is excluded from price of article
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 65 words · no verdicts yet
A person who falsely suggests that the price of an article taxed under chapter 31 does not include that tax may be fined up to $1,000 on conviction.
Whoever, in connection with the sale or lease, or offer for sale or lease, of any article taxable under chapter 31, makes any statement, written or oral, in advertisement or otherwise, intended or calculated to lead any person to believe that the price of the article does not include the tax imposed by chapter 31, must on conviction of it be fined not more than $1,000.
Whoever, in connection with the sale or lease, or offer for sale or lease, of any article taxable under chapter 31, makes any statement, written or oral, in advertisement or otherwise, intended or calculated to lead any person to believe that the price of the article does not include the tax imposed by chapter 31, shall on conviction thereof be fined not more than $1,000.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 862.)
- 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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