[Federal Register Volume 60, Number 124 (Wednesday, June 28, 1995)]
[Proposed Rules]
[Page 33664]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-15549]
[[Page 33663]]
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Part XI
Department of the Treasury
_______________________________________________________________________
Bureau of Alcohol, Tobacco and Firearms
_______________________________________________________________________
27 CFR Part 19, et al.
Time for Payment and Deposits of Certain Excise Taxes (No. 277);
Proposed and Final Rules
Federal Register / Vol. 60, No. 124 / Wednesday, June 28, 1995 /
Proposed Rules
[[Page 33664]]
DEPARTMENT OF THE TREASURY
Bureau of Alcohol, Tobacco and Firearms
27 CFR Parts 19, 24, 25, 53, 70, 250, 270, 275 and 285
[Notice No. 813]
RIN 1512-AB39
Implementation of Public Law 103-465, Section 712, Time for
Payment and Deposits of Certain Excise Taxes (No. 277)
AGENCY: Bureau of Alcohol, Tobacco and Firearms (ATF), Department of
the Treasury
ACTION: Proposed rulemaking cross referenced to temporary regulations.
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SUMMARY: In the Rules and Regulations portion of this Federal Register,
the Bureau of Alcohol, Tobacco and Firearms (ATF) is issuing temporary
regulations regarding the implementation of section 712 of Public Law
103-465, the ``Uruguay Round Agreements Act.'' The new law changed
payment and deposit requirements for certain excise taxes. These
regulations implement the law by incorporating the accelerated payment
period for taxes or deposits due on distilled spirits, wine, beer,
tobacco products and cigarette papers and tubes and firearms and
ammunition for the period September 16-September 26 (or September 25,
for non-electronic fund transfer (EFT) taxpayers). Payment of taxes for
this period is due on September 29 (or September 28, for non EFT
taxpayers). The regulations also amend regulations in 27 CFR Part 53
relating to the requirements for making deposits of firearms and
ammunition excise taxes by simplifying existing deposit rules in order
to maintain consistency with other manufacturers excise taxes
administered by the Internal Revenue Service (IRS). Finally, the
regulations add provisions relating to records and variances and makes
other technical amendments to regulations in 27 CFR Part 53.
DATES: Written comments must be received on or before September
26,1995.
ADDRESSES: Send written comments to: Chief, Regulations Branch, Bureau
of Alcohol, Tobacco and Firearms, P.O. Box 50221, Washington, DC 20091-
0221.
FOR FURTHER INFORMATION CONTACT: Tamara Light, Regulations Branch, 650
Massachusetts Avenue, NW, Washington, DC 20226 (202) 927-8210.
SUPPLEMENTARY INFORMATION:
Executive Order 12866
It has been determined that this proposed rule is not a significant
regulatory action as defined by Executive Order 12866, because the
economic effects flow directly from the underlying statue and not from
the proposed regulations. Therefore, a regulatory assessment is not
required.
Regulatory Flexibility Act
It is hereby certified that these proposed regulations will not
have a significant economic impact on a substantial number of small
entities. Accordingly, a regulatory flexibility analysis is not
required. The revenue effects of this rulemaking on small businesses
flow directly from the underlying statute. Likewise, any secondary or
incidental effects, and any reporting, recordkeeping, or other
compliance burdens flow directly from the statute. Pursuant to section
7805(f) of the Internal Revenue Code, this proposed regulation has been
submitted to the Chief Counsel for Advocacy of the Small Business
Administration for comment on its impact on small business.
Paperwork Reduction Act
The collections of information contained in this notice have been
submitted to the Office of Management and Budget (OMB) for review in
accordance with the Paperwork Reduction Act of 1980 (44 U.S.C.
3504(h)). Comments on the collections of information should be sent to
the Office of Management and Budget, Paperwork Reduction Project 1512-
0467, 1512-0497 or 1512-0509, Attention: Desk officer for the
Department of the Treasury, Bureau of Alcohol, Tobacco and Firearms,
Office of Information and Regulatory Affairs, Washington, DC 20503,
with copies to the Chief, Information Programs Branch, Room 3450,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue, NW.,
Washington, DC 20226.
The collections of information in this proposed regulation are
under control numbers 1512-0467, 1512-0497 and 1512-0509. This
information is required by ATF to ensure compliance with the provisions
of Public Law 103-465. The likely respondents and recordkeepers are
individuals and businesses. The estimated average annual burden
associated with 1512-0467 is 0.7 hours per respondent or recordkeeper,
the estimated average annual burden associated with 1512-0497 is 0.25
hours per respondent or recordkeeper, and the estimated average annual
burden associated with 1512-0509 is 0.21 hours per respondent or
recordkeeper.
Public Participation
ATF requests comments on the temporary regulations from all
interested persons. Comments received on or before the closing date
will be carefully considered. Comments received after that date will be
given the same consideration if it is practicable to do so, but
assurance of consideration cannot be given except as to comments
received on or before the closing date. ATF will not recognize any
material in comments as confidential. Comments may be disclosed to the
public. Any material which the commenter considers to be confidential
or inappropriate for disclosure to the public should not be included in
the comment. The name of the person submitting the comment is not
exempt from disclosure. During the comment period, any person may
request an opportunity to present oral testimony at a public hearing.
However, the Director reserves the right, in light of all
circumstances, to determine if a public hearing is necessary.
The temporary regulations in this issue of the Federal Register
amend the regulations in 27 CFR Parts 19, 24, 25, 53, 70, 250, 270, 275
and 285. For the text of the temporary regulations see T.D. ATF-365
published in the Rules and Regulations section of this issue of the
Federal Register.
Drafting Information
The principal author of this document is Tamara Light, Regulations
Branch, Bureau of Alcohol, Tobacco and Firearms.
Signed: June 6, 1995.
Daniel R. Black,
Acting Director.
Approved: June 19, 1995.
John P. Simpson,
Deputy Assistant Secretary (Regulatory, Tariff and Trade Enforcement).
[FR Doc. 95-15549 Filed 6-26-95; 10:47 am]
BILLING CODE 4810-31-U
