Internal Revenue Code:Sec. 4411. Imposition of tax

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Location in Internal Revenue Code

     TITLE 26 - INTERNAL REVENUE CODE
      Subtitle D - Miscellaneous Excise Taxes
       CHAPTER 35 - TAXES ON WAGERING
        Subchapter B - Occupational Tax
      

Statute

    Sec. 4411. Imposition of tax
 
    (a) In general
      There shall be imposed a special tax of $500 per year to be paid
    by each person who is liable for the tax imposed under section 4401
    or who is engaged in receiving wagers for or on behalf of any
    person so liable.
    (b) Authorized persons
      Subsection (a) shall be applied by substituting ''$50'' for
    ''$500'' in the case of -
        (1) any person whose liability for tax under section 4401 is
      determined only under paragraph (1) of section 4401(a), and
        (2) any person who is engaged in receiving wagers only for or
      on behalf of persons described in paragraph (1).
 

Sources

    (Aug. 16, 1954, ch. 736, 68A Stat. 527; Pub. L. 93-499, Sec. 3(b),
    Oct. 29, 1974, 88 Stat. 1550; Pub. L. 97-362, title I, Sec. 109(b),
    Oct. 25, 1982, 96 Stat. 1731.)
 

Miscellaneous

                                 AMENDMENTS
      1982 - Pub. L. 97-362 designated existing provisions as subsec.
    (a), in subsec. (a), as so designated, substituted ''liable for the
    tax imposed'' for ''liable for tax'', and added subsec. (b).
      1974 - Pub. L. 93-499 substituted ''$500'' for ''$50''.
                      EFFECTIVE DATE OF 1982 AMENDMENT
      Section 109(c)(2) of Pub. L. 97-362 provided that: ''The
    amendment made by subsection (b) (amending this section) shall take
    effect on July 1, 1983.''
                      EFFECTIVE DATE OF 1974 AMENDMENT
      Amendment by Pub. L. 93-499 effective Dec. 1, 1974, and
    applicable only with respect to wagers placed on or after such
    date, see section 3(d)(1) of Pub. L. 93-499, set out as a note
    under section 4401 of this title.
        PERSONS ENGAGED IN ACTIVITIES ON DECEMBER 1, 1974, REQUIRING
     PAYMENT OF TAX; PERSONS PAYING TAX AND REGISTERING BEFORE DECEMBER
                                  1, 1974
      Section 3(d)(2) of Pub. L. 93-499, as amended by Pub. L. 99-514,
    Sec. 2, Oct. 22, 1986, 100 Stat. 2095, provided that:
      ''(A) Any person who, on December 1, 1974, is engaged in an
    activity which makes him liable for payment of the tax imposed by
    section 4411 of the Internal Revenue Code of 1986 (formerly I.R.C.
    1954) (as in effect on such date) shall be treated as commencing
    such activity on such date for purposes of such section and section
    4901 of such Code.
      ''(B) Any person who, before December 1, 1974. -
        ''(i) became liable for and paid the tax imposed by section
      4411 of the Internal Revenue Code of 1986 (as in effect on July
      1, 1974) for the year ending June 30, 1975, shall not be liable
      for any additional tax under such section for such year, and
        ''(ii) registered under section 4412 of such Code (as in effect
      on July 1, 1974) for the year ending June 30, 1975, shall not be
      required to reregister under such section for such year.''
 

References

                   SECTION REFERRED TO IN OTHER SECTIONS
      This section is referred to in sections 4901, 4903, 4907 of this
    title.