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26 U.S.C. § 4374 — Liability for tax
Federal law — U.S. Code and appendices · legal_authorities
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 the tax.
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Source file: Laws/federal/codes/united-states-code/title-26/section-4374-liability-for-tax--98b1611c6f.md
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Source location: Title 26, Chapter 34, § 4374; chapter-034-taxes-on-certain-insurance-policies.md
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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 the tax.
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Federal law — U.S. Code and appendices · legal_authorities
There is hereby imposed, on each policy of insurance, indemnity bond, annuity contract, or policy of reinsurance issued by any foreign insurer or reinsurer, a tax at the following rates:
(1) **Casualty insurance and indemnity bonds** — 4 cents on each dollar, or fractional part thereof, of the premium paid on the policy of casualty insurance or the indemnity bond, if issued to or for, or in the name of, an insured as defined in section 4372(d);
(2) **Life insurance, sickness, and accident policies, and annuity contracts** — 1 cent on each dollar, or fractional part thereof, of the premium paid on the policy of life, sickness, or accident insurance, or annuity contract; and
(3) **Reinsurance** — 1 cent on each dollar, or fractional part thereof, of the premium paid on the policy of reinsurance covering any of the contracts taxable under paragraph (1) or (2).
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 4371
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Diesel fuel and special motor fuels**
(1) **Tax on diesel fuel and kerosene in certain cases**
(A) *In general* — There is hereby imposed a tax on any liquid other than gasoline (as defined in section 4083)—
(i) sold by any person to an owner, lessee, or other operator of a diesel-powered highway vehicle or a diesel-powered train for use as a fuel in such vehicle or train, or
(ii) used by any person as a fuel in a diesel-powered highway vehicle or a diesel-powered train unless there was a taxable sale of such fuel under clause (i).
(B) *Exemption for previously taxed fuel* — No tax shall be imposed by this paragraph on the sale or use of any liquid if tax was imposed on such liquid under section 4081 (other than such tax at the Leaking Underground Storage Tank Trust Fund financing rate) and the tax thereon was not credited or refunded.
(C) *Rate of tax*
(i) *In general* — Except as otherwise provided in this subparagraph, the rate of the tax imposed by this paragraph shall be the rate of tax specified in section 4081(a)(2)(A) on diesel fuel which is in effect at the time of such sale or use.
(ii) *Rate of tax on trains* — In the case of any sale for use, or use, of diesel fuel in a train, the rate of tax imposed by this paragraph shall be—
(I) 3.3 cents per gallon after December 31, 2004, and before July 1, 2005,
(II) 2.3 cents per gallon after June 30, 2005, and before January 1, 2007, and
(III) 0 after December 31, 2006.
(iii) *Rate of tax on certain buses*
(I) *In general* — Except as provided in subclause (II), in the case of fuel sold for use or used in a use described in section 6427(b)(1) (after the application of section 6427(b)(3)), the rate of tax imposed by this paragraph shall be 7.3 cents
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 4041
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Federal law — U.S. Code and appendices · legal_authorities
Page 2970
TITLE 26—INTERNAL REVENUE CODE
§ 4373
trade or business within the United States,
against, or with respect to, hazards, risks,
losses, or liabilities within the United States.
(e) Policy of life, sickness, or accident insurance,
or annuity contract
For the purpose of section 4371(2), the term
‘‘policy of life, sickness, or accident insurance,
or annuity contract’’ means any policy or other
instrument by whatever name called whereby a
contract of insurance or an annuity contract is
made, continued, or renewed with respect to the
life or hazards to the person of a citizen or resi-
dent of the United States.
(f) Policy of reinsurance
For the purpose of section 4371(3), the term
‘‘policy of reinsurance’’ means any policy or
other instrument by whatever name called
whereby a contract of reinsurance is made, con-
tinued, or renewed against, or with respect to,
any of the hazards, risks, losses, or liabilities
covered by contracts taxable under paragraph
(1) or (2) of section 4371.
(Aug. 16, 1954, ch. 736, 68A Stat. 521; Pub. L.
85–859, title I, § 141(a), Sept. 2, 1958, 72 Stat. 1300;
Pub. L. 94–455, title XIX, § 1904(a)(12), Oct. 4, 1976,
90 Stat. 1812.)
Editorial Notes
AMENDMENTS
1976—Subsec. (a). Pub. L. 94–455 substituted ‘‘section
4371’’ for ‘‘this subchapter’’, and inserted provision that
term does not include a foreign government, or munic-
ipal or other corporation exercising the taxing power.
Subsec. (c). Pub. L. 94–455 substituted ‘‘this chapter’’
for ‘‘this subchapter’’.
1958—Subsec.
(d)(2).
Pub.
L.
85–859
substituted
‘‘against, or with respect to, hazards, risks, losses, or
liabilities’’ for ‘‘with respect to hazards, risks, or liabil-
ities’’.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 1976 AMENDMENT
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 4374
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