Page:United States Statutes at Large Volume 48 Part 1.djvu/791

 73d C ONGRESS. SESS. II. CH. 277. MAY 10, 1934. 765 EXCISE TA XES . Definition of gasoline modified. Any other liqwd mo- tor fuel. Exception. Vol . 47, amended. Regist ration and bonding of manufactu- rers and producers of gasoline and lubricat- ing oil (c) Effective on the thirtieth day after the enactment of this Act, section 617(c) (2) of the Revenue Act of 1932, as amended, is further amended to read as follows "( 2) the term gasoline means (A) all products commonly or commercially known or sold as gasoline (including casinghead and natural gasoline), benzol, benzene, or naphtha, regardless of their classifications or uses ; and (B) any other liquid of a kind pre- pared, advertised, offered for sale or sold for use as, or used as, a fue l for the pr opulsi on of motor vehicle s, mot or boa ts, or air- planes ; except that it does not include any of the foregoing (other than products commonly or commercially known or sold as gaso- line) sold for use otherwise than as a fuel for the propulsion of motor vehicles, motor boats, or airplanes, and otherwise than in the manufacture or production of such fuel, and does not include kerosene, gas oil, or fuel oil ." (d) Section 617 of the Revenue Act of 1932, as amended, is am end ed b adding at the end thereof the following subsections : " (d) E very person subject to tax under this section or section 601(c) (1) shall, before the thirtieth day after the date of the enactment of the Revenue Act of 1934 (or in the case of a person commencing business after such day before incurring any liability for tax under such sections) register with the collec tor fo r the distri ct in which is loca ted hi s prin cipal place of business (or, if he has no principal place of business in the United States, with the collector at Baltimore, Maryland) and shall . give a bond, to be approved by such collector, conditioned that he shall not engage in any attempt, by him- self or by collusion with others, to defraud the United States of any tax under such sections ; that he shall render truly and completely all returns, statements, and inventories required by law or regulations in pursuance thereof and shall pay all taxes due under such sections ; and that he shall comply with all require- ments of law and regulations in pursuance thereof with respect to tax under such sections. Such bond shall be in such sum as the collector may require in accordance with regulations pre- scribed by the Commissioner with the approval of the Secretary, but not less than $2,000. The collector may from time to time requir e new or add itiona l bond in ac cordanc e with this subsec tion. Every person who fails to register or give bond as required by this subsection, or who in connection with any purchase of gaso- line or lubricating oil falsely represents himself to be registered and b onded as pro vided by thi s subs ection, or wh o will fully makes any f alse s tateme nt in an app licati on for regist ration under this subsection, shall upon conviction thereof be fined not more than $5,000 or imprisoned not more than five years, or both, together with the costs of prosecution. If the Commissioner finds that any traun catio n of regi s- manufacturer or producer has at any time evaded any Federal tax on gasoline or lubricating oil, he may revoke the registration of such manufacturer or producer, and no sale to, or for resale to, such manuf actur er o r pro ducer the reaft er sh all be ta x-fre e under section 601(c) (1), this section, or section 620, as amended, but such manufacturer or producer shall not be relieved of the requirement of giving bond under this subsection. "(e) Under regulations prescribed by the Commissioner with Returns, reports, etc., open to inspection the approval of the Secretary, records required to be kept with of Qovernmentotlicers, respect to taxes under section 601 (c) (1), as amended, or this sec- tion, and returns, reports, and statements with respect to such taxes filed with the Commissioner or a collector, shall be open to inspection by such officers of any State or Territory or political p. 287, Furnishing informa- tion . Security required . Penalty provi tong . Vol . 47, pp 259, 267.