[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





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Bureau of Alcohol, Tobacco and Firearms



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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