§7262 — Violation of occupational tax laws relating to wagering—failure to pay special tax
Statute Text — 26 U.S.C. §7262
Any person who does any act which makes him liable for special tax under subchapter B of chapter 35 without having paid such tax, shall, besides being liable to the payment of the tax, be fined not less than $1,000 and not more than $5,000.
Treasury Regulations
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Treas. Reg. §44.7262-1Failure to pay special tax
Any person liable for the special tax who does any act which makes him liable for such tax, without having paid the tax, is, besides being liable for the tax, subject to a fine of not less than $1,000 and not more than $5,000.
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