[Code of Federal Regulations]
[Title 27, Volume 2]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR479.44]

[Page 180]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
   CHAPTER II--BUREAU OF ALCOHOL, TOBACCO, FIREARMS, AND EXPLOSIVES, 
                          DEPARTMENT OF JUSTICE
 
PART 479--MACHINE GUNS, DESTRUCTIVE DEVICES, AND CERTAIN OTHER FIREARMS--Table of Contents
 
                 Subpart D--Special (Occupational) Taxes
 
Sec. 479.44  Change in partnership or unincorporated association.

    When one or more members withdraw from a partnership or an 
unincorporated association, the remaining member, or members, may, 
without incurring additional special (occupational) tax liability, carry 
on the same business at the same location for the balance of the taxable 
period for which special (occupational) tax was paid, provided any such 
change shall be registered in the same manner as required by 
Sec. 479.42. Where new member(s) are taken into a partnership or an 
unincorporated association, the new firm so constituted may not carry on 
business under the special tax stamp of the old firm. The new firm must 
file a return, pay the special (occupational) tax and register in the 
same manner as a person who first engages in business is required to do 
under Sec. 479.34 even though the name of the new firm may be the same 
as that of the old. Where the members of a partnership or an 
unincorporated association, which has paid special (occupational) tax, 
form a corporation to continue the business, a new special tax stamp 
must be taken out in the name of the corporation.