26 U.S.C. § 4404 : Internal Revenue Code — Miscellaneous Excise Taxes — Taxes On Wagering — Tax On Wagers — Territorial Extent

  • Date:
The tax imposed by this subchapter shall apply only to wagers

(1) accepted in the United States, or

(2)

placed by a person who is in the United States
(A) with a person who is a citizen or resident of the United States, or
(B) in a wagering pool or lottery conducted by a person who is a citizen or resident of the United States.

(Aug. 16, 1954, ch. 736, 68A Stat. 525.)
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