[Code of Federal Regulations]
[Title 26, Volume 16]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR46.4371-1]

[Page 45]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 46_EXCISE TAX ON POLICIES ISSUED BY FOREIGN INSURERS AND OBLIGATIONS 
NOT IN REGISTERED FORM--Table of Contents
 
          Subpart B_Tax on Policies Issued by Foreign Insurers
 
Sec. 46.4371-1  Applicability of subpart.


    The provisions of this subpart apply only to premiums paid on or 
after January 1, 1966. See Subpart H, Part 47 of this chapter for 
provisions relating to premiums paid or charged before January 1, 1966. 
If any portion of the tax imposed by section 4371 was paid on the basis 
of the premium charged before January 1, 1966, in accordance with the 
provisions of Sec. 47.4371-2 of this chapter (documentary stamp tax), 
then, to the extent that such portion was paid by stamp, no further tax 
is due under the provisions of this subpart.

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