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Small Brewers Bond Reduction

tobacco-ttb · TTB · Rule · Published 2012-12-07 · Effective 2012-12-07 · 77 FR 72939

Document

Document number
2012-29488
Federal Register citation
77 FR 72939
CFR reference
27 CFR 25
Type
Rule
Action
Temporary rule; Treasury decision.
Category
tobacco-ttb
Sub-agency
TTB
Publication date
2012-12-07
Effective date
2012-12-07
Treasury docket
Docket No. TTB-2012-0006

Abstract

The Alcohol and Tobacco Tax and Trade Bureau (TTB) amends its regulation that sets forth the penal sum for a brewer's bond where the excise tax liability of the brewer is reasonably expected to be not more than $50,000 in the current calendar year and the brewer was liable for not more than $50,000 in such taxes in the preceding calendar year. For a period of three years, the penal sum of the required bond will be $1,000 for such brewers who file excise tax returns and remit taxes quarterly. In a related proposed rule published elsewhere in this issue of the Federal Register, TTB is soliciting comments from all interested parties on this amended regulatory text, on whether TTB should permanently adopt this change, and on other proposed regulatory changes.

Source

Authoritative
Federal Register document
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