26 U.S.C. § 5753 — Disposal of forfeited, condemned, and abandoned tobacco products, and cigarette papers and tubes
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 68 words · no verdicts yet
Forfeited, condemned, or abandoned tobacco products cannot be sold for United States consumption if the sale would not cover the tax and sale expenses. The Secretary must provide another disposal method by regulation.
If a forfeited, condemned, or abandoned tobacco product or cigarette paper or tube would not bring, at sale, enough to cover its tax and the expenses of the sale, it may not be sold for consumption in the United States. It must instead be disposed of under the Secretary’s regulations.
If it appears that any forfeited, condemned, or abandoned tobacco products, or cigarette papers and tubes, when offered for sale, will not bring a price equal to the tax due and payable thereon, and the expenses incident to the sale thereof, such articles shall not be sold for consumption in the United States but shall be disposed of in accordance with such regulations as the Secretary* shall prescribe.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 716; Pub. L. 85–859, title II, § 202, Sept. 2, 1958, 72 Stat. 1425; Pub. L. 89–44, title V, § 502(b)(11), June 21, 1965, 79 Stat. 152; Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.)
- 1954Enacted · Act of Aug. 16, 1954, ch. 736
- 1958Amended · Pub. L. 85-859 · 72 Stat. 1425
- 1965Amended · Pub. L. 89-44 · 79 Stat. 152
- 1976Amended · Pub. L. 94-455 · 90 Stat. 1834
A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.
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