26 U.S.C. § 5353 — Bonded wine warehouse
submitted 68 years ago by Pub. L. 85-859 to r/title-26-INTERNAL-REVENUE-CODE · 90 words · no verdicts yet
A responsible warehouse company or other responsible person may establish a “bonded wine warehouse” at a bonded wine cellar for storing wine and related products for credit purposes, subject to the application, consent, regulations, and continuing responsibility rules.
Any responsible warehouse company or other responsible person can, upon filing application with the Secretary* and consent of the proprietor and the surety on the bond of any bonded wine cellar*, under regulations prescribed by the Secretary, establish on such premises facilities for the storage of wines and allied products for credit purposes, to be known as a “bonded wine warehouse”. The proprietor of the bonded wine cellar must remain responsible in all respects for operations in the warehouse and the tax on the wine or wine spirit stored in it.
Any responsible warehouse company or other responsible person may, upon filing application with the Secretary* and consent of the proprietor and the surety on the bond of any bonded wine cellar*, under regulations prescribed by the Secretary, establish on such premises facilities for the storage of wines and allied products for credit purposes, to be known as a “bonded wine warehouse”. The proprietor of the bonded wine cellar shall remain responsible in all respects for operations in the warehouse and the tax on the wine or wine spirit stored therein.
Source credit: (Added Pub. L. 85–859, title II, § 201, Sept. 2, 1958, 72 Stat. 1379; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.)
- 1958Enacted · Pub. L. 85-859 · 72 Stat. 1379
- 1976Amended · Pub. L. 94-455 · 90 Stat. 1834
A history note hasn’t been published yet. The record shows enactment by Pub. L. 85-859 on 1958-09-02.
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