26 U.S.C. § 4401
Imposition of tax
# (a) Wagers
(1) State authorized wagers There shall be imposed on any wager authorized under the law of the State in which accepted an excise tax equal to 0.25 percent of the amount of such wager. (2) Unauthorized wagers There shall be imposed on any wager not described in paragraph (1) an excise tax equal to 2 percent of the amount of such wager.
# (b) Amount of wager
In determining the amount of any wager for the purposes of this subchapter, all charges incident to the placing of such wager shall be included; except that if the taxpayer establishes, in accordance with regulations prescribed by the Secretary, that an amount equal to the tax imposed by this subchapter has been collected as a separate charge from the person placing such wager, the amount so collected shall be excluded.
# (c) Persons liable for tax
Each person who is engaged in the business of accepting wagers shall be liable for and shall pay the tax under this subchapter on all wagers placed with him. Each person who conducts any wagering pool or lottery shall be liable for and shall pay the tax under this subchapter on all wagers placed in such pool or lottery. Any person required to register under section 4412 who receives wagers for or on behalf of another person without having registered under section 4412 the name and place of residence of such other person shall be liable for and shall pay the tax under this subchapter on all such wagers received by him.
Source: view the official text
Cited by 21
- 26 CFR § 44.4401-1 — Imposition of tax.
- 26 CFR § 44.4401-2 — Person liable for tax.
- 26 CFR § 44.4402-1 — Exemptions.
- 26 CFR § 44.4403-1 — Daily record.
- 26 CFR § 44.4404-1 — Territorial extent.
- 26 CFR § 44.4411-1 — Imposition of tax.
- 26 CFR § 44.4901-1 — Payment of special tax.
- 26 CFR § 44.6001-1 — Record requirements.
- 26 CFR § 44.6060-1 — Reporting requirements for tax return preparers.
- 26 CFR § 44.6107-1 — Tax return preparer must furnish copy of return to taxpayer and must retain a copy or record.
- 26 CFR § 44.6109-1 — Tax return preparers furnishing identifying numbers for returns or claims for refund.
- 26 CFR § 44.6151-1 — Time and place for paying taxes.
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- 26 CFR § 44.6419-1 — Credit or refund generally.
- 26 CFR § 44.6419-2 — Credit or refund on wagers laid off by taxpayer.
- 26 CFR § 44.6694-1 — Section 6694 penalties applicable to tax return preparer.
- 26 CFR § 44.6694-2 — Penalties for understatement due to an unreasonable position.
- 26 CFR § 44.6694-3 — Penalty for understatement due to willful, reckless, or intentional conduct.
- 26 CFR § 44.6694-4 — Extension of period of collection when preparer pays 15 percent of a penalty for understatement of taxpayer's liability and certain other procedural matters.
- 26 CFR § 44.6695-1 — Other assessable penalties with respect to the preparation of tax returns for other persons.
- 26 CFR § 44.6696-1 — Claims for credit or refund by tax return preparers.
- 26 U.S.C. § 4411 — Imposition of tax
Nearby sections (25 sections)
- 4286 · Repealed. Pub. L. 89–44, title III, § 304, June 21, 1965, 79…
- 4291 · Cases where persons receiving payment must collect tax
- 4292 · Repealed. Pub. L. 94–455, title XIX, § 1904(a)(9), Oct. 4, 1976,…
- 4293 · Exemption for United States and possessions
- 4294 · Repealed. Pub. L. 94–455, title XIX, § 1904(a)(10), (11), Oct.…
- 4371 · Imposition of tax
- 4372 · Definitions
- 4373 · Exemptions
- 4374 · Liability for tax
- 4375 · Health insurance
- 4376 · Self-insured health plans
- 4377 · Definitions and special rules
- 4401 · Imposition of tax
- 4402 · Exemptions
- 4403 · Record requirements
- 4404 · Territorial extent
- 4405 · Cross references
- 4411 · Imposition of tax
- 4412 · Registration
- 4413 · Certain provisions made applicable
- 4414 · Cross references
- 4421 · Definitions
- 4422 · Applicability of Federal and State laws
- 4423 · Inspection of books
- 4424 · Disclosure of wagering tax information