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.
Aug. 16, 1954, ch. 73668A Stat. 522Pub. L. 85–859, title I, § 141(a)72 Stat. 1301Pub. L. 89–44, title VIII, § 804(a)(1)79 Stat. 160Pub. L. 94–455, title XIX, § 1904(a)(12)90 Stat. 1813(, ; , , ; , (2), , ; , , .)
Editorial Notes
Prior Provisions
section 4371 of this titleFor provisions of prior sections 4375, 4381 to 4384, see Prior Provisions note preceding .
Amendments
Pub. L. 94–4551976— substituted 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.
Pub. L. 89–441965— substituted “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.
Pub. L. 85–8591958— reenacted section without change.
Statutory Notes and Related Subsidiaries
Effective Date of 1976 Amendment
Pub. L. 94–455section 1904(d) of Pub. L. 94–455section 4041 of this titleAmendment by effective on first day of first month which begins more than 90 days after , see , set out as a note under .
Effective Date of 1965 Amendment
Pub. L. 89–44, title VIII, § 804(c)79 Stat. 160
Determination of Partnership as Continuing or Terminated Partnership
Pub. L. 85–859, title I, § 141(b)72 Stat. 1304section 1(c) of Pub. L. 85–859, , , mandated that only changes in the partnership occurring on or after the effective date specified in shall be taken into account in the determination of whether a partnership is a continuing or terminated one.