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

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the actual law source: uscode.house.gov ↗public domain

(a) General

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.

(b) Exceptions

Subsection (a) shall not apply in the case of—

(1)

distilled spirits in the process of prompt removal from bonded premises on payment or determination of the tax; or

(2)

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.)

history & why it existsrecord from the source credit

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.

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