Page:United States Statutes at Large Volume 111 Part 1.djvu/1074

 Ill STAT. 1050 PUBLIC LAW 105-34—AUG. 5, 1997 SEC. 1422. TRANSFER TO BONDED WINE CELLARS OF WINE IMPORTED IN BULK WITHOUT PAYMENT OF TAX. (a) IN GENERAL. — Part II of subchapter F of chapter 51 is amended by inserting after section 5363 the following new section: " SEC. 5364. WINE IMPORTED IN BULK containers may, under such regulations as the Secretary may prescribe, be withdrawn from customs custody and transferred in such bulk containers to the premises of a bonded wine cellar without payment of the internal revenue tax imposed on such wine. The proprietor of a bonded wine cellar to which such wine is transferred shall become liable for the tax on the wine withdrawn from customs custody under this section upon release of the wine from customs custody, and the importer, or the person bringing such wine into the United States, shall thereupon be relieved of the liability for such tax.". (b) CLERICAL AMENDMENT.—The table of sections for such part II is amended by inserting after the item relating to section 5363 the following new item: "Sec. 5364. Wine imported in bulk.". 26 USC 5364 (c) EFFECTIVE DATE.— The amendments made by this section note. shall take effect on the 1st day of the 1st calendar quarter that begins at least 180 days after the date of the enactment of this Act. PART III—OTHER EXCISE TAX PROVISIONS SEC. 1431. AUTHORITY TO GRANT EXEMPTIONS FROM REGISTRATION REQUIREMENTS. (a) IN GENERAL. —Section 4222(b)(2) (relating to export) is amended— (1) by striking "in the case of any sale or resale for export,", and (2) by striking "EXPORT" and inserting "UNDER REGULA- TIONS". 26 USC 4222 (b) EFFECTIVE DATE. —The amendments made by subsection note. (a) shall take effect on the date of the enactment of this Act. SEC. 1432. REPEAL OF EXPIRED PROVISIONS. (a) PIGGY-BACK TRAILERS.—Section 4051 (relating to imposition of tax on heavy trucks and trailers sold at retail) is amended by striking subsection (d) and by redesignating subsection (e) as subsection (d). (b) DEEP SEABED MINING.— (1) IN GENERAL. —Subchapter F of chapter 36 (relating to tax on removal of hard mineral resources from deep seabed) is hereby repealed. (2) CONFORMING AMENDMENT.—The table of subchapters for chapter 36 is amended by striking the item relating to subchapter F. (c) OZONE-DEPLETING CHEMICALS.— (1) Paragraph (1) of section 4681(b) is amended by striking subparagraphs (B) and (C) and inserting the following new subparagraph: "(B) BASE TAX AMOUNT.— The base tax amount for purposes of subparagraph (A) with respect to any sale or
 * Wine imported or brought into the United States in bulk

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