26 U.S.C. § 7270 — Insurance policies
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 47 words · no verdicts yet
A person who intentionally fails to follow section 4374’s tax rules for policies issued by foreign insurers must pay, in addition to other penalties, twice the tax.
Any person who fails to comply with the requirements of section 4374 (relating to liability for tax on policies issued by foreign insurers), with intent to evade the tax must, in addition to other penalties provided therefor, pay a fine of double the amount of the tax.
Any person who fails to comply with the requirements of section 4374 (relating to liability for tax on policies issued by foreign insurers), with intent to evade the tax shall, in addition to other penalties provided therefor, pay a fine of double the amount of the tax.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 865; Pub. L. 94–455, title XIX, § 1904(b)(5)(A), Oct. 4, 1976, 90 Stat. 1815.)
- 1954Enacted · Act of Aug. 16, 1954, ch. 736
- 1976Amended · Pub. L. 94-455 · 90 Stat. 1815
A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.
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