Rev. Proc. 62-17

SECTION 1. PURPOSE.

The purpose of this Revenue Procedure is to announce a program for (1) the review of Revenue Rulings issued under the provisions of Chapter 51 of the Internal Revenue Code of 1954 and the Federal Alcohol Administration Act and (2) the issuance of revisions to reflect current provisions of those laws and related regulations.

SEC. 2. BACKGROUND.

.01 Public Law 591, 83d Cong., approved August 16, 1954, and Public Law 85-859, 85th Cong., C.B. 1958-3, 92, approved September 2, 1958, made many changes in the laws administered or enforced by the Alcohol and Tobacco Tax Division. Treasury Decision 6091, C.B. 1954-2, 47, approved August 16, 1954, and Treasury Decision 6373, C.B. 1959-1, 712, approved April 16, 1959, provided for the continuance of all instructions and rulings in effect with respect to the Code, Chapter 51 of the Code, or with respect to regulations issued pursuant thereto, to the extent that such instructions or rulings were not inconsistent with the Code as revised by Public Law 591 or amended by Public Law 85-859, respectively.

.02 All Revenue Rulings issued under the provisions of Chapter 51 of the 1954 Code, and corresponding provisions of the Internal Revenue Code of 1939, and the Federal Alcohol Administration Act have been reviewed to identify those that are considered to be obsolete either because they have no application to the laws and regulations now in effect or are unnecessary because the subject matter of the ruling is now specifically covered by regulations. Revenue Ruling 62-75, C.B. 1962-1, 359, contains a list of those Revenue Rulings which are no longer in effect and declares them to be obsolete.

SEC. 3. REVENUE RULINGS TO BE REPUBLISHED.

A current study is being made of the remaining Revenue Rulings issued under Chapter 51 of the Code and the Federal Alcohol Administration Act to identify those that require revision to reflect present law and regulations and to prepare and publish the ensuing revisions. Such revisions will be republished as Revenue Rulings.

SEC. 4. INQUIRIES.

Inquiries regarding this Revenue Procedure, as well as comments regarding any particular Revenue Ruling issued under Chapter 51 of the Code and the Federal Alcohol Administration Act, should refer to its number and be addressed to the Director, Alcohol and Tobacco Tax Division, Washington 25, D.C.