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
(Aug. 16, 1954, ch. 736, 68A Stat. 522; Sept. 2, 1958, Pub. L. 85-859, title I, 141(a), 72 Stat. 1301; June 21, 1965, Pub. L. 89-44, title VIII, 804(a)(1), (2), 79 Stat. 160; Oct. 4, 1976, Pub. L. 94-455, title XIX, 1904(a)(12), 90 Stat. 1813.)
For provisions of prior sections 4375, 4381 to 4384, see Prior Provisions note preceding
section 4371 of this title.
1976--Pub. L. 94-455 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.
1965--Pub. L. 89-44 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
1958--Pub. L. 85-859 reenacted section without change.
EFFECTIVE DATE OF 1976 AMENDMENT
Amendment by Pub. L. 94-455 effective on the first day of the first month which begins more than 90 days after
Oct. 4, 1976, see section 1904(d) of Pub. L. 94-455, set out as a note under section 4041 of this title.
EFFECTIVE DATE OF 1965 AMENDMENT
Section 804(c) of Pub. L. 89-44 provided that: “The amendments made by subsection
(a) [amending this section] shall take effect on July 1, 1965. The amendments made
by subsection (b) [amending section 4371 of this title]
shall apply with respect to policies, bonds, and contracts with respect to which the
tax imposed by section 4371 of the Code is required to be paid on the basis of a return.”
DETERMINATION OF PARTNERSHIP AS CONTINUING OR TERMINATED PARTNERSHIP
Section 141(b) of Pub. L. 85-859 mandated that only changes in the partnership occurring on or after the effective
date specified in section 1(c)
of Pub. L. 85-859 shall be taken into account in the determination of whether a partnership is a continuing
or terminated one.