[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR179.32]

[Page 1206]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--BUREAU OF ALCOHOL, TOBACCO AND FIREARMS, DEPARTMENT OF THE 
                                TREASURY
 
PART 179--MACHINE GUNS, DESTRUCTIVE DEVICES, AND CERTAIN OTHER FIREARMS--Table of Contents
 
                 Subpart D--Special (Occupational) Taxes
 
Sec. 179.32  Special (occupational) tax rates.

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

------------------------------------------------------------------------
                                                             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           25
 weapon''..................................................
Class 5--Manufacturer only of weapons classified as ``any             25
 other weapon''............................................
Class 6--Dealer only in weapons classified as ``any other             10
 weapon''..................................................
------------------------------------------------------------------------

    (b) Except as provided in Sec. 179.32a, the special (occupational) 
tax rates effective January 1, 1988, are as follows:

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

    (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.

[T.D. ATF-271, 53 FR 17550, May 17, 1988]