DEDUCTION
MEDIUM SAVINGS
BUSINESS
Firearm Exportation Transfer Tax Exemption
IRC §5854
Exempts the transfer of firearms from the section 5811 transfer tax if the firearm is exported.
Eligibility
Taxpayers must furnish proof of exportation in the form and manner prescribed by the Secretary to qualify for the exemption.
Frequently Asked Questions
Who is eligible for the Firearm Exportation Transfer Tax Exemption?
Taxpayers must furnish proof of exportation in the form and manner prescribed by the Secretary to qualify for the exemption.
How does the Firearm Exportation Transfer Tax Exemption work?
Exempts the transfer of firearms from the section 5811 transfer tax if the firearm is exported.
What law authorizes the Firearm Exportation Transfer Tax Exemption?
The Firearm Exportation Transfer Tax Exemption is authorized under IRC §5854 of the Internal Revenue Code (Title 26, United States Code).
Statutory Text — IRC §5854
Source: Internal Revenue Code, Title 26, United States Code
§ 5854. Exportation of firearms exempt from transfer tax
A firearm may be exported without payment of the transfer tax imposed under section 5811 provided that proof of the exportation is furnished in such form and manner as the Secretary may by regulations prescribe.
(Added Pub. L. 90–618, title II, § 201, Oct. 22, 1968, 82 Stat. 1234; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.)
Editorial Notes
Prior ProvisionsA prior section 5854, Pub. L. 85–859, title II, § 203(i)(1), Sept. 2, 1958, 72 Stat. 1428, related to failure to register and pay special tax, prior to the general revision of this chapter by Pub. L. 90–618. See section 5861(a), (d) of this title and section 923 of Title 18, Crimes and Criminal Procedure.
Provisions similar to those comprising this section were contained in prior section 5844, act Aug. 16, 1954, ch. 736, 68A Stat. 725, prior to the general revision of this chapter by Pub. L. 90–618.
A prior section 5855, Pub. L. 85–859, title II, § 203(i)(1), Sept. 2, 1958, 72 Stat. 1428, made it unlawful for any person required to comply with the provisions of sections 5814, 5821, and 5841 of this title, to ship, carry or deliver any firearm in interstate commerce if such sections had not been complied with, prior to the general revision of this chapter by Pub. L. 90–618.
Amendments1976—Pub. L. 94–455 struck out “or his delegate” after “Secretary”.
Legal Sources
US Code (Official) — 26 USC §5854 → Cornell Law Institute — 26 USC §5854 → Search IRS.gov for IRC §5854 → Treasury Regulations (26 CFR) →Discovered by: discovery_engine_v1
Calculator handler: generic pattern