Source: http://www.law.cornell.edu/uscode/text/26/5801
Timestamp: 2014-10-20 10:17:28
Document Index: 63221042

Matched Legal Cases: ['§ 5801', '§ 5801', '§ 5801', '§ 201', '§ 10512', '§ 203', '§ 1', '§ 207', '§ 2']

26 U.S. Code § 5801 - Imposition of tax | LII / Legal Information Institute
U.S. Code › Title 26 › Subtitle E › Chapter 53 › Subchapter A › Part I › § 5801 26 U.S. Code § 5801 - Imposition of tax
General rule 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:
Reduced rates of tax for small importers and manufacturers (1)
In general 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.
(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.)
A prior section 5801, acts Aug. 16, 1954, ch. 736, 68A Stat. 721; Sept. 2, 1958, Pub. L. 85–859, title II, § 203(a), 72 Stat. 1427; June 1, 1960, Pub. L. 86–478, § 1, 74 Stat. 149, consisted of provisions similar to those comprising this section, prior to the general revision of this chapter by Pub. L. 90–618.
1987—Pub. L. 100–203substituted “Imposition of tax” for “Tax” in section catchline and amended text generally. Prior to amendment, text read as follows: “On first engaging in business and thereafter on or before the first day of July 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:
Except an importer, manufacturer, or dealer who imports, manufactures, or deals in only weapons classified as ‘any other weapon’ under section 5845
(e), shall pay a special (occupational) tax for each place of business at the following rates: Importers, $25 a year or fraction thereof; manufacturers, $25 a year or fraction thereof; dealers, $10 a year or fraction thereof.”
Amendment by Pub. L. 100–203effective Jan. 1, 1988, see section 10512(h) ofPub. L. 100–203, set out as a note under section 5111 of this title.
Pub. L. 90–618, title II, § 207,Oct. 22, 1968, 82 Stat. 1235, as amended by Pub. L. 99–514, § 2,Oct. 22, 1986, 100 Stat. 2095, provided that: