Page:United States Statutes at Large Volume 68A.djvu/714

 674

INTERNAL REVENUE CODE OF 1954

Subchapter G—Breweries Part I. Establishment. Part II. Operations.

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PART I—ESTABLISHMENT Sec. 5401. Qualifying documents. Sec. 5402. Definitions. Sec. 5403. Cross references.

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SEC. 5401. QUALIFYING DOCUMENTS. (a) NOTICE.—Every brewer shall, before commencing or continuing business, file with the officer designated for that purpose by the Secretary or his delegate a notice in writing, in such form and containing such information as the Secretary or his delegate shall by regulations prescribe as necessary to protect and insure collection of the revenue. (b) BONDS.—Every brewer, on filing notice as provided by subsection (a) of his intention to commence business, shall execute a bond to the United States in such reasonable penal sum as the Secretary or his delegate shall by regulation prescribe as necessary to protect and insure collection of the revenue. The bond shall be conditioned that the brewer shall pay, or cause to be paid, as herein provided, the tax required by law on all beer, including all beer removed for transfer to the brewery from other breweries owned by him as provided in section 5414; and that he shall pay or cause to be paid the tax on all beer removed free of tax for export as provided in section 5053(a), which beer is not exported or returned to the brewery; and that he shall in all respects faithfully comply, without fraud or evasion, with all requirements of law relating to the production and sale of any beer aforesaid. Once in every 4 years, or whenever required so to do by the Secretary or his delegate, the brewer shall execute a new bond in the penal sum prescribed in pursuance of this section, and conditioned as above provided, which bond shall be in lieu of any former bond or bonds of such brewer in respect to all liabilities accruing after its approval. SEC. 5402. DEFINITIONS. (a) BREWERY.—The brewery shall consist of the land and buildings described in the brewer's notice. (b)

BREWER.—

For definition of brewer, see section 5092. - ' SEC. 5403. CROSS REFERENCES. (1) For authority of Secretary or his delegate to disapprove brewers' bonds, see section 5551. (2) For authority of Secretary to require the installation and use of meters, tanks, and other apparatus, see section 5552. (3) For deposit of United States bonds or notes in lieu of sureties, see 6 U.S.C. 15.

§ 5401

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