Search Results for keywords:"Alcohol and Tobacco Tax and Trade Bureau"

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Search Results: keywords:"Alcohol and Tobacco Tax and Trade Bureau"

  • Type:Notice
    Citation:90 FR 10990
    Reading Time:about 13 minutes

    The Department of the Treasury has submitted several information collection requests to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995. The public can submit comments on these requests by March 31, 2025. The collections involve various activities related to alcohol and tobacco production, importation, and distribution, including brewer reports, permits for shipping Puerto Rican liquors, basic permits for alcohol businesses, and excise tax refund requests for nonbeverage products. The Treasury Department aims to ensure the correct application of tax laws and to safeguard revenue through these information collections.

    Simple Explanation

    The Department of the Treasury wants to check their forms with a special office to make sure they work well for things like making and selling alcohol and tobacco. They also asked people to say what they think about these forms and how they're used by the end of March.

  • Type:Rule
    Citation:90 FR 4634
    Reading Time:about 5 minutes

    The Alcohol and Tobacco Tax and Trade Bureau has announced an increase in the maximum penalty for violations of the Alcoholic Beverage Labeling Act (ABLA) from $25,561 to $26,225 due to inflation. This adjustment is part of a regular update required by the Federal Civil Penalties Inflation Adjustment Act, aiming to keep penalties effective and properly reflect their deterrent impact. The new penalty amount takes effect on January 16, 2025, and applies to any violations assessed after that date. For more details, readers can visit the Bureau's updated web page.

    Simple Explanation

    The government is making the fine for breaking the rules about labels on alcoholic drinks a bit bigger because things get more expensive over time. From now on, if someone breaks these rules, they might have to pay up to $26,225 instead of $25,561.