Internal Revenue Code:Sec. 4404. Territorial extent

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Jump to: navigation, search

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.)
Retrieved from "http://www.taxalmanac.org/index.php/Internal_Revenue_Code:Sec._4404._Territorial_extent"