[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR31]

[Page 878]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE 
                                TREASURY
 
PART 31_ALCOHOL BEVERAGE DEALERS--Table of Contents
 
                    Subpart H_Payment of Special Tax
 
Sec.  31.103  Computation of special tax.

    (a) General. In the case of a person engaged in a business subject 
to special tax during the month of July, the special tax liability shall 
be reckoned for the entire tax year beginning July 1 and ending June 30 
following. Where business is commenced subsequent to July, the liability 
shall be reckoned proportionately from the first day of the month in 
which the liability to a special tax commenced to June 30 following. For 
example, a person commencing business in August is liable to special tax 
for 11 months, or eleven-twelfths of the annual tax.
    (b) Transition rule. A taxpayer who was engaged in a business on 
January 1, 1988, for which a special (occupational) tax was paid for a 
taxable period which began before January 1, 1988, and included that 
date, shall pay an increased special tax for the period January 1, 1988, 
through June 30, 1988. The increased tax shall not exceed one-half the 
excess (if any) of (1) the rate of special tax in effect on January 1, 
1988, over (2) the rate of such tax in effect on December 31, 1987. The 
increased special tax shall be paid on or before April 1, 1988.

(72 Stat. 1346; 26 U.S.C. 5142)

[25 FR 6270, July 2, 1960. Redesignated at 40 FR 16835, Apr. 15, 1975, 
and amended by T.D. ATF-48, 44 FR 55843, Sept. 28, 1979; T.D. ATF-271, 
53 FR 17554, May 17, 1988. Redesignated by T.D. TTB-25, 70 FR 19884, 
Apr. 15, 2005]

                Filing Return and Payment of Special Tax