TABLE OF CONTENTS CHAPER 25---FIREARMS SUBCHAPTER A-PISTOLS AND REVOLVERS Sec. 2700. Tax. Sec. 2701. Returns. Sec. 2702. Payment of tax. Sec. 2703. Erroneous payments. Sec. 2704. Computation of tax in special cases. Sec. 2705. Exportation. Sec. 2706. Addition to tax in case of nonpayment. Sec. 2707. Penalties. Sec. 2708. Discretionary method allowed Commissioner for collecting tax. Sec. 2709. Records, statements, and returns. Sec. 2710. Rules and regulations. Sec. 2711. Other laws applicable. Sec. 2712 Effective date of subchapter. Sec. 2713 Cross references. sUBOHAPT Ba-MACHINE GUNS AND SHORT-BARBEL. T ED FIREARMS Sec. 2720. Tax. Sec. 2721. Exemptions Sec. 2722. Stamps. Sec. 2723. Order forms. Sec. 2724. Books, records, and returns. Sec. 2725. Indentification of firearms. Sec. 2726. Unlawful acts. Sec. 2727. Exportation. Sec. 2728. Importation. Sec. 2729. Penalties. Sec. 2730. Forfeitures. Sec. 2731. Other laws applicable. Sec. 2732. Regulations. Sec. 2733. Definitions. CHAPTER 25-FIREARMS SUBCHAPTER A-PISTOLS AND REVOLVERS SEC. 2700. TAX . (a) RATE.- T here shall be levied, assessed, collected, and paid upon pistols and revolvers sold or leased by the manufacturer, producer or importer, a tax equivalent to 10 of the price for which so sold or leased. (b) EXErrTIONs. (1) SALES FOR USE OF FEDERAL GOVERNMENT OR STATES. --Pistols and revolvers sold for the use of the United States, any State, Ter- ritory, or possession of the United States, any political subdivision thereof, or the District of Columbia, shall be exempt from the tax imposed by subsection (a). (2) TAXABLE UNDER SUBCHAPTER B.- The tax imposed by subsec- tion (a) shall not apply to any firearm on which the tax provided by section 2720 of this chapter has been paid. (3) CRoss REFERENCE For exemption from tax in case of exportation, see section 2705. (c) CoMPTrATIoN IN SPECIAL CASES. - For computation of tax in case of retail sales by wholesalers and in case of colorable sales, see section 2704. 288
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