Internal Revenue Code:Sec. 4404. Territorial extent
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Contents |
Location in Internal Revenue Code
TITLE 26 - INTERNAL REVENUE CODE
Subtitle D - Miscellaneous Excise Taxes
CHAPTER 35 - TAXES ON WAGERING
Subchapter A - Tax on Wagers
Statute
Sec. 4404. Territorial extent
The tax imposed by this subchapter shall apply only to wagers
(1) accepted in the United States, or
(2) placed by a person who is in the United States
(A) with a person who is a citizen or resident of the United
States, or
(B) in a wagering pool or lottery conducted by a person who
is a citizen or resident of the United States.
Sources
(Aug. 16, 1954, ch. 736, 68A Stat. 525.)
