26 U.S.C. § 4901
§ 4901. Payment of tax
No plain-English explainer yet. Below is the official text. Explainers are being added section by section.
History
Part of the code since 1954. Last changed November 6, 1978 by the Revenue Act of 1978.
Every change, newest first (5)
- November 6, 1978Revenue Act of 1978
- October 4, 1976Tax Reform Act of 1976
- October 27, 1970Public Law 91-513
- June 21, 1965Public Law 89-44
- August 16, 1954Internal Revenue Code of 1954 (original text)
The law as written
Current through Public Law 119-102. Amendment notes omitted.
No person shall be engaged in or carry on any trade or business subject to the tax imposed by section 4411 (wagering) until he has paid the special tax therefor.
All special taxes shall be imposed as of on the first day of July in each year, or on commencing any trade or business on which such tax is imposed. In the former case the tax shall be reckoned for 1 year, and in the latter case it shall be reckoned proportionately, from the first day of the month in which the liability to a special tax commenced, to and including the 30th day of June following.