26 USC 4475 - Imposition of tax

U.S Code last checked for updates: Aug 18, 2025

§ 4475.

Imposition of tax

(a)

In general

(b)

Payment of tax

(1)

In general

(2)

Collection of tax

(3)

Secondary liability

(c)

Tax limited to cash and similar instruments

(d)

Nonapplication to certain noncash remittance transfers

Subsection (a) shall not apply to any remittance transfer for which the funds being transferred are—

(1)

withdrawn from an account held in or by a financial institution—

(A)

which is described in subparagraphs (A) through (H) of section 5312(a)(2) of title 31, United States Code, and

(B)

that is subject to the requirements under subchapter II of chapter 53 of such title, or

(2)

funded with a debit card or a credit card which is issued in the United States.

(e)

Definitions

For purposes of this section—

(1)

In general

(2)

Credit card

(3)

Debit card

(f)

Application of anti-conduit rules

(Added Pub. L. 119–21, title VII, § 70604(a), July 4, 2025, 139 Stat. 285.)

cite as: 26 USC 4475