Page:United States Statutes at Large Volume 65.djvu/561

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65 STAT.]

527

PUBLIC LAW 183—OCT. 20. 1951

on the effective date of section 453(a) of the Revenue Act of 1951 are held by any person and intended for sale there shall be levied, assessed, collected, and paid a floor stocks tax at a rate of $1 per barrel of 31 gallons. "(2) RETURNS.—Under such regulations as the Secretary shall rescribe, every person required by paragraph (1) to pay any oor stocks tax shall, on or before the end of the thirtieth day following the effective date of section 453(a) of the Revenue Act of 1951 make a return and shall, on or before the first day of the third month following such effective date, pay such tax. Payment of the tax shown to be due may be extended to a date not later than the first day of the tenth month following the effective date of section 453(a) of the Revenue Act of 1951, upon the filing of a bond for payment thereof in such form and amount and with such surety or sureties as the Secretary may prescribe. "(3) LAWS APPLICABLE.—All provisions of law, including penalties, applicable in respect of the taxes imposed by subsection (a) shall, insofar as applicable and not inconsistent with this subsection, be applicable with respect to the floor stocks tax imposed by this subsection."

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SEC. 454. FLOOR STOCKS REFUNDS. (a) AMENDMENT OF SECTIGN 1656 (a).—Section 1656(a) (relating 69 Stat. 576.§1660. 26 U.S.C. to floor stocks refunds on distilled spirits, etc.) is amended to read as follows: " (a) IN GENERAL.—With respect to any article upon which tax is imposed under section 2800(a), 3030 (a), or 3150 (a), upon which -4n<«,pp.524-526 internal revenue tax (including floor stocks tax) at the applicable rate prescribed by such section has been paid, and which, on April 1, 1954, is held by any person and intended for sale or for use in the manufacture or production of any article intended for sale, there shall be credited or refunded to such person (without interest), subject to such regulations as may be prescribed by the Secretary, an amount equal to the difference between the tax so paid and the rate made applicable to such articles on and after April 1, 1954, by such section, if claim for such credit or refund is filed with the Secretary prior to May 1, 1954." (b) AMENDMENT OF SECTION 1656 (b).—Section 1656(b) (relating to limitations on eligibility for floor stocks refunds on distilled spirits, etc.) is amended by striking out "the rate reduction date" wherever it appears therein and inserting in lieu thereof "April 1, 1954". SEC. 455. CLERICAL AMENDMENT. The table contained in section 1650 (relating to the war tax rates ^^54 Stat. 523; 68 si of certain miscellaneous taxes) is hereby amended by striking out the?§ U.S.C. § i65o. Post, p. 638. following: "2800(a)(1). 2800 (a)(3)... 3030 (a)(1)..

3030 (a)(2).

3160.

Distaied Spirits Imported Perfumes Containing Distilled Spirits. Still Wines: (1) Not over 14% of Alcohol... (2) Over 14% and not over 21% of Alcohol. (3) Over 21% and not over 24% of Alcohol. Sparkling Wines, Liqueurs, and Cordials: (1) Champagne or Sparkling

$6 per gallon. $6 per gallon.

$9 per gallon. $0 per gallon.

10 cents per gallon. 40 cents per gallon.

16 cents per gallon. 60 cents per gallon.

$1 per gallon

$2 per gallon.

10 cents per half-pint or fraction thereof. (2) Artificially Carbonated 6 cents per half-pint Wine. or fraction thereof. (3) Liqueurs, Cordials, E t c... 5 cents per half-pint or fraction thereof. Fermented Malt Liquors $7 per barrel

76100 O - 52 (PT. I) - 36

16 cents per half-pint or fraction thereof. 10 cents iier half-pint or fraction thereof. 10 cents per half-pint or fraction thereof. $8 per barrel."