2016-31415: Changes to Certain Alcohol-Related Regulations Governing Bond Requirements and Tax Return Filing Periods

Summary

In a temporary rule published elsewhere in this issue of the Federal Register, the Alcohol and Tobacco Tax and Trade Bureau (TTB) is amending its regulations relating to excise taxes imposed on distilled spirits, wines, and beer to implement certain changes made to the Internal Revenue Code of 1986 (IRC) by the Protecting Americans from Tax Hikes Act of 2015 (PATH Act). The temporary rule implements section 332 of the PATH Act, which amends the IRC to remove bond requirements and change tax return due dates for certain eligible excise taxpayers. In this document, TTB proposes to adopt the regulations in the temporary rule as a permanent regulatory change. The text of the regulations in the temporary rule serves as the text of the proposed regulations. This document also proposes to amend the regulations governing the submission of reports by certain eligible excise taxpayers. In this document, TTB is soliciting comments on the amendments adopted in the temporary rule and the amendments proposed in this notice of proposed rulemaking.

The agency’s own summary, as published.

What this changes

Amends 8 parts of the Code of Federal Regulations — the standing rules this notice rewrites.

• 27 CFR 18 Production of Volatile Fruit-Flavor Concentrate
• 27 CFR 19 Distilled Spirits Plants
• 27 CFR 24 Wine
• 27 CFR 25 Beer
• 27 CFR 26 Liquors and Articles from Puerto Rico and the Virgin Islands
• 27 CFR 27 Importation of Distilled Spirits, Wines, and Beer
• 27 CFR 28 Exportation of Alcohol
• 27 CFR 30 Gauging Manual