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Suspension of Special (Occupational) Tax (2004R-778P)

tax-irs · TTB · Rule · Published 2005-10-31 · Effective 2005-07-01 · 70 FR 62238

Document

Document number
05-21563
Federal Register citation
70 FR 62238
CFR reference
27 CFR 17
Type
Rule
Action
Temporary rule; Treasury decision.
Category
tax-irs
Sub-agency
TTB
Publication date
2005-10-31
Effective date
2005-07-01
Treasury docket
T.D. TTB-36

Abstract

In this temporary rule, the Alcohol and Tobacco Tax and Trade Bureau amends its regulations relating to special (occupational) tax, to reflect a 3-year tax suspension effected by section 246 of the American Jobs Creation Act of 2004. Section 246 amends the Internal Revenue Code of 1986 to provide that, during the period from July 1, 2005, through June 30, 2008, the rate of special (occupational) tax on certain occupations will be zero. The occupations affected by the 3- year tax suspension are: Manufacturers of nonbeverage products who claim tax drawback; proprietors of distilled spirits plants, alcohol fuel plants, bonded and taxpaid wine premises, and breweries; and wholesale and retail dealers in distilled spirits, wine, and beer. The requirements to register annually and keep prescribed records remain in effect. The text of these temporary regulations serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section of this issue of the Federal Register.

Source

Authoritative
Federal Register document
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