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Industry Circular

Number: 67-13
Date: October 18, 1967

Office of the Commissioner of Internal Revenue Alcohol and Tobacco Tax Division


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Manufacturers of tobacco products:

Purpose. The purpose of this industry circular is to advise you of the issuance of Treasury Decision 6929 (32 F.R. 13865) effective December 1, 1967, which relates to regulations in 26 CFR Part 270 entitled "Manufacture of Cigars and Cigarettes" and 26 CFR Part 296 entitled "Miscellaneous Regulations Relating to Cigars, Cigarettes, and Cigarette Papers and Tubes" and to furnish you with revised pages of Part 270 for insertion in your looseleaf copy.

Background. Treasury Decision 6849, effective September 24, 1965, added temporary transitional regulations (Subpart E) to 26 CFR Part 296 so that semimonthly return periods for the deferred payment of taxes on cigars and cigarettes would fall entirely within a calendar month, and provided for an extension of the time for filing such returns upon proper bond qualification. Treasury Decision 6929 merely removes these temporary transitional regulations from 26 CFR Part 296 and incorporates them into the permanent regulations in 26 CFR Part 270.

Effect. There is no substantive change in the new regulations for filing semimonthly tax returns. If you are qualified for extended deferral of the time for filing your semimonthly tax returns, i.e., not later than the last day of the next return period rather than not later than 3 business days following the end of the return period, you may continue extended deferral under the permanent regulations. You are not required to take any action. If you have not qualified for extended deferral and wish to do so, you should file a new bond or extension of coverage of bond in accordance with Section 270.142.

Inquiries. Inquiries regarding this circular should refer to its number and should be addressed to the office of your Assistant Regional Commissioner, Alcohol and Tobacco Tax.

Harold Serr
Harold A. Serr

Director, Alcohol and Tobacco Tax Division

Part 270 - Manufacturer of Cigars and Cigarettes

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