26 USC 4411 - Imposition of tax

U.S Code last checked for updates: Nov 22, 2024

§ 4411.

Imposition of tax

(a)

In general

(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).

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

cite as: 26 USC 4411