Code of Federal Regulations · Section
§ 51.6302-1 — -1 Method Of Paying The Branded Prescription Drug Fee
26 C.F.R. § 51.6302-1
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(a) Fee to be paid by electronic funds transfer. Under the authority of section 6302(a), the fee imposed on branded prescription drug sales by section 9008 and § 51.5 must be paid by electronic funds transfer as defined in § 31.6302-1(h)(4)(i) of this title, as if the fee were a depository tax. For the time for paying the fee, see § 51.8.
(b) Effective/applicability date. This section applies on and after July 28, 2014.
Authorizing Statute
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Mode or time of collection26 U.S.C. § 6302
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Rules and regulations26 U.S.C. § 7805