Amended 1976
- 1976 Pub. L. 94-455 Pub. L. 94–455 struck out subsec. (c) which provided that all special taxes should be paid by stamp and made reference to subtitle F for authority of the Secretary to make assessments where special taxes have not been duly paid by stamp.
Cases: Voglino v. United States, 253 F.2d 794 (4th Cir. 1958); United States v. Four Pinball Machines, 429 F. Supp. 1002 (D. Haw. 1977); United States v. Five Coin-operated Gaming Devices, 246 F. Supp. 349 (W.D. Va. 1965)
(a) Condition precedent to carrying on certain business 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.
Amended 1965, 1970, 1978
- 1978 Pub. L. 95-600 Pub. L. 95–600 struck out “or 4461(a)(1) (coin-operated gaming devices)” after “(wagering)”.
- 1970 Pub. L. 91-513 Pub. L. 91–513 struck out references to tax imposed by sections 4721 (narcotic drugs) and 4751 (marihuana).
- 1965 Pub. L. 89-44 Pub. L. 89–44 substituted “4461(a)(1)” for “4461(2)”.
(b) Computation 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.