-CITE-
    26 USC CHAPTER 39 - REGISTRATION-REQUIRED OBLIGATIONS       01/19/04

-EXPCITE-
    TITLE 26 - INTERNAL REVENUE CODE
    Subtitle D - Miscellaneous Excise Taxes
    CHAPTER 39 - REGISTRATION-REQUIRED OBLIGATIONS

-HEAD-
              CHAPTER 39 - REGISTRATION-REQUIRED OBLIGATIONS          

-MISC1-
    Sec.                                                     
    4701.       Tax on issuer of registration-required obligation not
                 in registered form.                                  

                             PRIOR PROVISIONS                         
      The provisions of a prior chapter 39, Regulatory Taxes, were set
    out as:
        Subchapter A, Narcotic Drugs and Marihuana, comprising sections
      4701 to 4707, 4711 to 4716, 4721 to 4726, 4731 to 4736, 4741 to
      4746, 4751 to 4757, 4761, 4762, and 4771 to 4776.
        Subchapter B, White phosphorus matches, comprising sections
      4801 to 4806.
        Subchapter C, Adulterated butter and filled cheese, comprising
      sections 4811 to 4819, 4821, 4822, 4826, 4831 to 4836, 4841,
      4842, and 4846.
        Subchapter D, Cotton futures, comprising sections 4851 to 4854,
      4861 to 4865, and 4871 to 4877.
        Subchapter E, Circulation other than of national banks,
      comprising sections 4881 to 4886.
        Subchapter F, Silver bullion, comprising sections 4891 to 4897.
      Prior sections 4701 to 4897 were based on act Aug. 16, 1954, ch.
    736, 68A Stat. 549-592, as amended.
      Sections 4701-4776 were repealed by Pub. L. 91-513, title III,
    Sec. 1101(b)(3)(A), Oct. 27, 1970, 84 Stat. 1292. See section 801
    et seq. of Title 21, Food and Drugs.
      Sections 4801-4826, 4851-4873, and 4875-4886 were repealed by
    Pub. L. 94-455, title XIX, Secs. 1904(a)(16)-(18), 1952(b), Oct. 4,
    1976, 90 Stat. 1814, 1841.
      Sections 4831-4834 and 4836-4846 were repealed by Pub. L. 93-490,
    Sec. 3(a)(1), Oct. 26, 1974, 88 Stat. 1466.
      Section 4835 was repealed by Pub. L. 85-881, Sec. 1(b)(1), Sept.
    2, 1958, 72 Stat. 1704.
      Section 4874 was repealed by Pub. L. 91-452, title II, Sec.
    231(a), Oct. 15, 1970, 84 Stat. 930.
      Sections 4891-4897 were repealed by Pub. L. 88-36, title II, Sec.
    201(a), June 4, 1963, 77 Stat. 54.

                                AMENDMENTS                            
      1982 - Pub. L. 97-248, title III, Sec. 310(b)(4)(A), Sept. 3,
    1982, 96 Stat. 597, added chapter heading and section analysis.

-End-



-CITE-
    26 USC Sec. 4701                                            01/19/04

-EXPCITE-
    TITLE 26 - INTERNAL REVENUE CODE
    Subtitle D - Miscellaneous Excise Taxes
    CHAPTER 39 - REGISTRATION-REQUIRED OBLIGATIONS

-HEAD-
    Sec. 4701. Tax on issuer of registration-required obligation not in
      registered form

-STATUTE-
    (a) Imposition of tax
      In the case of any person who issues a registration-required
    obligation which is not in registered form, there is hereby imposed
    on such person on the issuance of such obligation a tax in an
    amount equal to the product of - 
        (1) 1 percent of the principal amount of such obligation,
      multiplied by
        (2) the number of calendar years (or portions thereof) during
      the period beginning on the date of issuance of such obligation
      and ending on the date of maturity.
    (b) Definitions
      For purposes of this section - 
      (1) Registration-required obligation
        The term "registration-required obligation" has the same
      meaning as when used in section 163(f), except that such term
      shall not include any obligation required to be registered under
      section 149(a).
      (2) Registered form
        The term "registered form" has the same meaning as when used in
      section 163(f).

-SOURCE-
    (Added Pub. L. 97-248, title III, Sec. 310(b)(4)(A), Sept. 3, 1982,
    96 Stat. 598; amended Pub. L. 99-514, title XIII, Sec. 1301(j)(5),
    Oct. 22, 1986, 100 Stat. 2657.)


-MISC1-
                                AMENDMENTS                            
      1986 - Subsec. (b)(1). Pub. L. 99-514 substituted "section
    149(a)" for "section 103(j)".

                     EFFECTIVE DATE OF 1986 AMENDMENT                 
      Amendment by Pub. L. 99-514 applicable to bonds issued after Aug.
    15, 1986, except as otherwise provided, see sections 1311 to 1318
    of Pub. L. 99-514, set out as an Effective Date; Transitional Rules
    note under section 141 of this title.

                              EFFECTIVE DATE                          
      Section applicable to obligations issued after Dec. 31, 1982,
    with an exception for certain warrants, see section 310(d)(1), (3)
    of Pub. L. 97-248, set out as an Effective Date of 1982 Amendment
    note under section 103 of this title.

-SECREF-
                   SECTION REFERRED TO IN OTHER SECTIONS               
      This section is referred to in sections 165, 1287 of this title.

-End-