§ 4373. — Exemptions.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 26USC4373]
TITLE 26--INTERNAL REVENUE CODE
Subtitle D--Miscellaneous Excise Taxes
CHAPTER 34--POLICIES ISSUED BY FOREIGN INSURERS
Sec. 4373. Exemptions
The tax imposed by section 4371 shall not apply to--
(1) Effectively connected items
Any amount which is effectively connected with the conduct of a
trade or business within the United States unless such amount is
exempt from the application of section 882(a) pursuant to a treaty
obligation of the United States.
(2) Indemnity bond
Any indemnity bond required to be filed by any person to secure
payment of any pension, allowance, allotment, relief, or insurance
by the United States, or to secure a duplicate for, or the payment
of, any bond, note, certificate of indebtedness, war-saving
certificate, warrant or check, issued by the United States.
(Aug. 16, 1954, ch. 736, 68A Stat. 522; Pub. L. 85-859, title I,
Sec. 141(a), Sept. 2, 1958, 72 Stat. 1301; Pub. L. 94-455, title XIX,
Sec. 1904(a)(12), Oct. 4, 1976, 90 Stat. 1813; Pub. L. 100-647, title I,
Sec. 1012(q)(13)(A), Nov. 10, 1988, 102 Stat. 3525.)
Amendments
1988--Par. (1). Pub. L. 100-647 amended par. (1) generally,
substituting provisions relating to effectively connected items for
provisions relating to domestic agent.
1976--Par. (1). Pub. L. 94-455 substituted ``State, or in the
District of Columbia, within'' for ``State, Territory, or District of
the United States within''.
1958--Pub. L. 85-859 reenacted section without change.
Effective Date of 1988 Amendment
Section 1012(q)(13)(B) of Pub. L. 100-647 provided that: ``The
amendment made by subparagraph (A) [amending this section] shall apply
with respect to premiums paid after the date 30 days after the date of
the enactment of this Act [Nov. 10, 1988].''
Effective Date of 1976 Amendment
Amendment by Pub. L. 94-455 effective on first day of 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.
