26 U.S.C. § 7273 — Penalties for offenses relating to special taxes
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 79 words · no verdicts yet
A person who fails to display and keep required special-tax stamps owes a penalty of at least $10 and equal to the special tax. Willful neglect or refusal doubles that penalty.
Any person who must fail to place and keep stamps denoting the payment of the special tax as provided in section 6806 must be liable to a penalty (not less than $10) equal to the special tax for which his business rendered him liable, unless such failure is shown to be due to reasonable cause. If such failure to comply with section 6806 is through willful neglect or refusal, then the penalty must be double the amount above prescribed.
Any person who shall fail to place and keep stamps denoting the payment of the special tax as provided in section 6806 shall be liable to a penalty (not less than $10) equal to the special tax for which his business rendered him liable, unless such failure is shown to be due to reasonable cause. If such failure to comply with section 6806 is through willful neglect or refusal, then the penalty shall be double the amount above prescribed.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 866; Pub. L. 90–618, title II, § 205, Oct. 22, 1968, 82 Stat. 1235.)
- 1954Enacted · Act of Aug. 16, 1954, ch. 736
- 1968Amended · Pub. L. 90-618 · 82 Stat. 1235
A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.
all 0 arguments · sorted by: best
no arguments yet — make the first case