Page:United States Statutes at Large Volume 72 Part 1.djvu/1456

 1414

PXJBLIC LAW 85-859-SEPT. 2, 1958

[72 S T A T.

SEC. 202. AMENDMENT OF CHAPTER 52 OF THE INTERNAL REVENUE CODE OF 1954. 57^63.^^^ ^^^^' Chapter 52 of the Internal Revenue Code of 1954 is amended to read as follows:

"CHAPTER 52—TOBACCO, CIGARS, CIGARETTES, AND CIGARETTE PAPERS AND TUBES "SUBCHAPTER A. Definitions; r a t e and payment of tax; exemption from tax; and refund and drawback of tax. "SUBCHAPTER B. Qualification requirements for manufacturers of tobacco products and cigarette papers and tubes, export warehouse proprietors, and dealers in tobacco materials. "SunCHAPTER C. Operations by m a n u f a c t u r e r s and importers of tobacco products and cigarette papers and tubes and export warehouse proprietors. "SUBCHAPTER D. Operations by dealers in tobacco materials. "SUBCHAPTER E. Records of m a n u f a c t u r e r s of tobacco products and cigarette papers and tubes, export warehouse proprietors, and dealers in tobacco materials. "SUBCHAPTER F. General provisions. "SUBCHAPTER G. Penalties and forfeitures.

"Subchapter A—Definitions; Rate and Payment of Tax; Exemption From Tax; and Refund and Drawback of Tax "Sec. 5701. R a t e of tax. "Sec. 5702. Definitions. "Sec. 5703. Liability for tax and method of payment. "Sec. 5704. Exemption from tax. "Sec. 5705. Refund or allowance of tax. "Sec. 5706. Drawback of tax. "Sec. 5707. Floor stocks refund on cigarettes. "Sec. 5708. Losses caused by disaster. "SEC. 5701. RATE O F TAX.

" (a) TOBACCO,—On tobacco, manufactured in or imported into the United States, there shall be imposed a tax of 10 cents per pound. "(b) CIGARS.—On cigars, manufactured in or imported into the United States, there shall be imposed the following taxes: "(1) SMALL CIGARS.—On cigars, weighing not more than 3 pounds per thousand, 75 cents per thousand; "(2) LARGE CIGARS.—On cigars, weighing more than 3 pounds per thousand; " (A) If removed to retail at not more than 2i/^ cents each, $2.50 per thousand; " (B) If removed to retail at more than 2i^ cents each and not more than 4 cents each, $3 per thousand; " (C) If removed to retail at more than 4 cents each and not more than 6 cents each, $4 per thousand; " (D) If removed to retail at more than 6 cents each and not more than 8 cents each, $7 per thousand; " (E) If removed to retail at more than 8 cents each and not more than 15 cents each, $10 per thousand; " (F) If removed to retail at more than 15 cents each and not more than 20 cents each, $15 per thousand; " (G) If removed to retail at more than 20 cents each, $20 per thousand. In determining the retail price, for tax purposes, regard shall be had to the ordinary retail price of a single cigar in its principal market, exclusive of any State or local taxes imposed on the retail sale of cigars.

�