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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 27 - Alcohol, Tobacco Products and Firearms |
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Chapter I - Alcohol and Tobacco Tax and Trade Bureau, Department of the Treasury |
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SubChapter A - Alcohol |
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Part 19 - Distilled Spirits Plants |
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Subpart Y - Paperwork Reduction Act |
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Bonds |
§ 19.957 - Instructions to compute bond penal sum.
Latest version.
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(a)
Medium plants. To find the required amount of your bond, estimate the total proof gallons of spirits to be produced and received in a calendar year. The amount of the bond is $1,000 for each 10,000 proof gallons (or fraction), subject to a minimum of $2,000 and a maximum of $50,000. The following table provides some examples:Annual Production and Receipts in Proof Gallons More than But not over Amount of bond 10,000 20,000 $2,000 20,000 30,000 3,000 90,000 100,000 10,000 190,000 200,000 20,000 490,000 500,000 50,000 (b)
Large plants. To find the required amount of your bond, estimate the total proof gallons of spirits to be produced and received in a calendar year. The amount of the bond is $50,000 plus $2,000 for each 10,000 proof gallons (or fraction) over 500,000. The following table provides some examples:Annual Production and Receipts in Proof Gallons More than But not over Amount of bond 500,000 510,000 $52,000 510,000 520,000 54,000 740,000 750,000 100,000 990,000 1,000,000 150,000 1,240,000 200,000