§ 5731. Imposition and rate of tax
(a)
General rule
Every person engaged in business as—
shall pay a tax of $1,000 per year in respect of each premises at which such business is carried on.
(b)
Reduced rates for small proprietors
(1)
In general
Subsection (a) shall be applied by substituting “$500” for “$1,000” with respect to any taxpayer the gross receipts of which (for the most recent taxable year ending before the 1st day of the taxable period to which the tax imposed by subsection (a) relates) are less than $500,000.
(c)
Penalty for failure to register
Any person engaged in a business referred to in subsection (a) who willfully fails to pay the tax imposed by subsection (a) shall be fined not more than $5,000, or imprisoned not more than 2 years, or both, for each such offense.