The tax imposed by this chapter shall be paid, on the basis of a return, by any person who makes, signs, issues, or sells any of the documents and instruments subject to the tax, or for whose use or benefit the same are made, signed, issued, or sold. The United States or any agency or instrumentality thereof shall not be liable for the tax.
The tax imposed by this chapter shall be paid, on the basis of a return, by any person who makes, signs, issues, or sells any of the documents and instruments subject to the tax, or for whose use or benefit the same are made, signed, issued, or sold. The United States or any agency or instrumentality thereof shall not be liable for the tax.
For provisions of prior sections
4375,
4381 to
4384, see Prior Provisions note preceding section
4371 of this title.
Amendments
1976—Pub. L. 94–455substituted in section catchline “Liability for tax” for “Payment of tax” and in text provisions relating to payment of tax on basis of a return and to tax-exempt status of United States and its agencies and instrumentalities for provisions relating to placing of stamps on any policy, indemnity bond, or annuity contract referred to in section
4371 and to regulation by Secretary that tax be paid on basis of a return.
1965—Pub. L. 89–44substituted “Payment of tax” for “Affixing of stamps” in section catchline, and inserted sentence authorizing Secretary or his delegate to provide by regulation for payment on basis of a return of tax imposed by section
4371.
Amendment by Pub. L. 94–455effective on first day of first month which begins more than 90 days after Oct. 4, 1976, see section 1904(d) ofPub. L. 94–455, set out as a note under section
4041 of this title.
Effective Date of 1965 Amendment
Section 804(c) ofPub. L. 89–44provided that: “The amendments made by subsection (a) [amending this section] shall take effect on July 1, 1965. The amendments made by subsection (b) [amending section
4371 of this title] shall apply with respect to policies, bonds, and contracts with respect to which the tax imposed by section 4371 of the Code is required to be paid on the basis of a return.”
Determination of Partnership as Continuing or Terminated Partnership
Section 141(b) ofPub. L. 85–859mandated that only changes in the partnership occurring on or after the effective date specified in section 1(c) ofPub. L. 85–859shall be taken into account in the determination of whether a partnership is a continuing or terminated one.
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26 USC
Description of Change
Session Year
Public Law
Statutes at Large
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