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Implementation of Public Law 104-188, Section 1702, Amendments Related to Revenue Reconciliation Act of 1990 (96R-028P)

tax-irs · IRS · Rule · Published 1997-06-02 · 62 FR 29663

Document

Document number
97-14308
Federal Register citation
62 FR 29663
CFR reference
27 CFR 24
Type
Rule
Action
Temporary rule (Treasury decision).
Category
tax-irs
Sub-agency
IRS
Publication date
1997-06-02
Treasury docket
T.D. ATF-390

Abstract

This temporary rule implements some of the provisions of the Small Business Job Protection Act of 1996. The new law made changes to the small producers' wine tax credit and wine bond provisions in the Internal Revenue Code of 1986. The wine regulations are amended to extend the application of the credit to ``transferees in bond'' (proprietors who store wine for a small producer but who do not hold title to such wine) in certain circumstances, and to make conforming changes to the bond computation instructions, which were also affected by the law change. In the Proposed Rules section of this Federal Register, ATF is also issuing a notice of proposed rulemaking inviting comments on the temporary rule for a 60-day period following the publication of this temporary rule.

Source

Authoritative
Federal Register document
Machine
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