Rev. Proc. 61-25
Rev. Proc. 61-25; 1961-2 C.B. 561
- LanguageEnglish
- Tax Analysts Electronic Citationnot available
Obsoleted by Rev. Rul. 72-247
SECTION 1. PURPOSE.
The purpose of this Revenue Procedure is to set forth the procedures to be followed in reporting gin of 190 degrees or more of proof on Form 332, Statement by Kinds, Seasons, and Years of Production of Spirits in Bonded Warehouses.
SEC. 2. BACKGROUND.
Section 5006(a)(2)(B) of the Internal Revenue Code of 1954 provides that the bonding period limitation for distilled spirits in bonded storage shall not apply to distilled spirits of 190 degrees or more of proof.
SEC. 3. PROCEDURE.
All gin shall be entered in column (d) in Form 332. Gin of less than 190 degrees of proof shall be entered according to its season and year of production. Gin of 190 degrees or more of proof shall be entered separately in column (d) on an unused line and shall be identified as being of 190 degrees or more of proof. The entry at item 6, therefore, shall include only neutral spirits and alcohol of 190 degrees or more of proof.
SEC. 4. INQUIRIES.
Inquiries regarding this Revenue Procedure should refer to its number and be addressed to the office of the appropriate Assistant Regional Commissioner, Alcohol and Tobacco Tax.
- LanguageEnglish
- Tax Analysts Electronic Citationnot available