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-
For purposes of this section-
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 which-
An obligation is described in this subparagraph if-
The term "registered form" has the same meaning as when used in section 163(f).
26 U.S.C. § 4701
AMENDMENTS2010-Subsec. (b)(1). Pub. L. 111-147 amended par. (1) generally. Prior to amendment, text read as follows: "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)." 1986-Subsec. (b)(1). Pub. L. 99-514 substituted "section 149(a)" for "section 103(j)".
EFFECTIVE DATE OF 2010 AMENDMENT Amendment by Pub. L. 111-147 applicable to obligations issued after the date which is 2 years after Mar. 18, 2010, see section 502(f) of Pub. L. 111-147 set out as a note under sectionof this title.
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 sectionof this title.
EFFECTIVE DATESection 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 sectionof this title.
- United States person
- The term "United States person" means-(A) a citizen or resident of the United States,(B) a domestic partnership,(C) a domestic corporation,(D) any estate (other than a foreign estate, within the meaning of paragraph (31)), and(E) any trust if-(i) a court within the United States is able to exercise primary supervision over the administration of the trust, and(ii) one or more United States persons have the authority to control all substantial decisions of the trust.
- The term "person" shall be construed to mean and include an individual, a trust, estate, partnership, association, company or corporation.