ATF eRegulations

§ 479.32 Special (occupational) tax rates.

1. a.(a) Prior to January 1, 1988, the special (occupational) tax rates were as follows:

   1. 	Per year or fraction thereof

      	Per year or fraction thereof
      Class 1—Importer of firearms	$500
      Class 2—Manufacturer of firearms	500
      Class 3—Dealer in firearms	200
      Class 4—Importer only of weapons classified as “any other weapon”	25
      Class 5—Manufacturer only of weapons classified as “any other weapon”	25
      Class 6—Dealer only in weapons classified as “any other weapon”	10

2. b.(b) Except as provided in § 479.32a, the special (occupational) tax rates effective January 1, 1988, are as follows:

   1. 	Per year or fraction thereof

      	Per year or fraction thereof
      Class 1—Importer of firearms (including an importer only of weapons classified as “any other weapon”)	$1,000
      Class 2—Manufacturer of firearms (including a manufacturer only of weapons classified as “any other weapon”)	1,000
      Class 3—Dealer in firearms (including a dealer only of weapons classified as “any other weapon”)	500

3. c.(c) A taxpayer who was engaged in a business on January 1, 1988, for which a special (occupational) tax was paid for a taxable period which began before January 1, 1988, and included that date, shall pay an increased special tax for the period January 1, 1988, through June 30, 1988. The increased tax shall not exceed one-half the excess (if any) of (1) the rate of special tax in effect on January 1, 1988, over (2) the rate of such tax in effect on December 31, 1987. The increased special tax shall be paid on or before April 1, 1988.