26 U.S.C. § 5801 : US Code - Section 5801: Imposition of tax

Search 26 U.S.C. § 5801 : US Code - Section 5801: Imposition of tax

(a) General rule
On 1st engaging in business and thereafter on or before July 1 of
each year, every importer, manufacturer, and dealer in firearms
shall pay a special (occupational) tax for each place of business
at the following rates:
(1) Importers and manufacturers: $1,000 a year or fraction
thereof.
(2) Dealers: $500 a year or fraction thereof.
(b) Reduced rates of tax for small importers and manufacturers
(1) In general
Paragraph (1) of subsection (a) shall be applied by
substituting "$500" for "$1,000" with respect to any taxpayer the
gross receipts of which (for the most recent taxable year ending
before the 1st day of the taxable period to which the tax imposed
by subsection (a) relates) are less than $500,000.
(2) Controlled group rules
All persons treated as 1 taxpayer under section 5061(e)(3)
shall be treated as 1 taxpayer for purposes of paragraph (1).
(3) Certain rules to apply
For purposes of paragraph (1), rules similar to the rules of
subparagraphs (B) and (C) of section 448(c)(3) shall apply.