§ 4701. — Tax on issuer of registrationrequired obligation not in registered form.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 26USC4701]
TITLE 26--INTERNAL REVENUE CODE
Subtitle D--Miscellaneous Excise Taxes
CHAPTER 39--REGISTRATION-REQUIRED OBLIGATIONS
Sec. 4701. Tax on issuer of registration-required obligation not
in registered form
(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).
(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.)
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.
Section Referred to in Other Sections
This section is referred to in sections 165, 1287 of this title.
