Page:United States Statutes at Large Volume 45 Part 1.djvu/919

 868 SEVENTIETH CONGRESS. -St,ss. T. CA. '852. 1928. STAMP TAXES United States in cities of over 25,000 inhabitants. The Postmaster Bond and acconnta- bility. General may require each such postmaster to give additional or increased bond as postmaster for the value of the stamps so fur- nished, and each such postmaster shall deposit the receipts from the sale of such stamps to the credit of and render accounts to the Post- Monthly transfer of master General at such times and in such form as he may by regu- collections. lations prescribe. The Postmaster General shall at least once monthly transfer all collections from this source to the Treasury as i nter nal- reve nue coll ecti ons. " LIQUOR TAXES PAR T VI -LIQ UOR TAXE S Tax on still wines . SEC. 451. TAX ON STILL WINES . Former l aw . (a) So much of section 611 of the Revenue Act of 1918 as reads Vol . 40,p .1110,amend- as follows : ed . " On wines containing not more than 14 per centum of absolute alcohol, 16 cents per wine gallon, the per centum of alcohol taxable under this section to be reckoned by volume and not by weight ; " On wines containing more than 14 per centum and not exceeding 21 per centum of absolute alcohol, 40 cents per wine gallon ; " On wines containing more than 21 per centum and not exceeding 24 per centum of absolute alcohol, $1 per wine gallon ; " is amended to read as follows : Now rates. " On wines containing not more than 14 per centum of absolute alcohol, 4 cents per wine gallon, the per centum of alcohol taxable under this section to be reckoned by volume and not by weight ; " On wines containing more than 14 per centum and not exceeding 21 per centum of absolute alcohol, 10 cents per wine gallon ; " On wines containing more than 21 per centum and not exceeding 24 per centum of absolute alcohol, 25 cents per wine gallon ; " . (b) Such section is further amended by adding at the end thereof two new paragraphs to read as follows Tax free, it for vinegar "Any such wines may, under such regulations as the Secretary or dealcoholized wines. may prescribe, be sold or removed tax free for the manufacture of vinegar, or for the production of dealcoholized wines containing less than one-half of 1 per centum of alcohol by volume. Dealcoholized with " The taxes imposed by this section shall not apply to dealcoholized less than one-half of 1 per cent, not taxed . wines containing less than one-half of 1 per centum of alcohol by volume ." In effect in 30 days. (c) Subsections (a) and (b) of this section shall take effect on the expiration of thirty days after the enactment of this Act. Grape brandy. SEC. 452. TAX ON GRAPE BRANDY USED IN FORTIFYING. Reduction of tax on. (a) Section 612 of the Revenue Act of 1918 (imposing tax on amended 0, p. 1110, grape brandy or wine spirits used for the fortification of wines) is amended by striking out " 60 cents per proof gallon " and inserting in lieu thereof " 10 cents per proof gallon " and by adding at the Tax as exe mpti on if end of the first proviso a colon and the following : " Provided further, used for vinegar, etc . That when such wines are sold or removed for the manufacture of vinegar, or the production of dealcoholized wines containing less than one-half of 1 per centum of alcohol by volume, the tax on such grape brandy or wine spirits under this section, shall, under such Effective in 30 days. regulations as the Secretary may prescribe, be abated or refunded ." (b) Subsection (a) of this section shall take effect on the expira- tion of thirty days after the enactment of this Act. Cereal beverages. SEC. 453. TAX ON CEREAL BEVERAGES. Tax repealed in 30 days. Section 903 of the Revenue Act of 1926 is repealed, to take effect Vol. 44, p. 105, re- pealed. on the expiration of thirty days after the enactment of this Act.

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