26 U.S.C. § 5612 — Forfeiture of taxpaid distilled spirits remaining on bonded premises
submitted 68 years ago by Pub. L. 85-859 to r/title-26-INTERNAL-REVENUE-CODE · 85 words · no verdicts yet
Taxpaid or tax-determined spirits generally cannot remain on bonded premises and are forfeited. Exceptions cover prompt removal and authorized returns.
(a) Taxpaid or tax-determined spirits* may not be stored or left on a distilled spirits* plant’s bonded premises; spirits found there are forfeited. (b) This does not apply to (1) spirits being promptly removed after tax payment or determination, or (2) spirits returned under section 5215.
No distilled spirits* on which tax has been paid or determined shall be stored or allowed to remain on the bonded premises of any distilled spirits plant*, under the penalty of forfeiture of all spirits* so found.
Subsection (a) shall not apply in the case of—
distilled spirits in the process of prompt removal from bonded premises on payment or determination of the tax; or
distilled spirits returned to bonded premises in accordance with the provisions of section 5215.
Source credit: (Added Pub. L. 85–859, title II, § 201, Sept. 2, 1958, 72 Stat. 1404; amended Pub. L. 96–39, title VIII, § 807(a)(55), July 26, 1979, 93 Stat. 289.)
- 1958Enacted · Pub. L. 85-859 · 72 Stat. 1404
- 1979Amended · Pub. L. 96-39 · 93 Stat. 289
A history note hasn’t been published yet. The record shows enactment by Pub. L. 85-859 on 1958-09-02.
all 0 arguments · sorted by: best
no arguments yet — make the first case