Alcohol and Tobacco Tax and Trade Bureau

The Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users

SEC. 11127. QUARTERLY EXCISE TAX FILING FOR SMALL ALCOHOL EXCISE TAXPAYERS

(a) In General- Subsection (d) of section 5061 (relating to time for collecting tax on distilled spirits, wines, and beer) is amended by redesignating paragraphs (4) and (5) as paragraphs (5) and (6), respectively, and by inserting after paragraph (3) the following new paragraph:

`(4) TAXPAYERS LIABLE FOR TAXES OF NOT MORE THAN $50,000-

`(A) IN GENERAL- In the case of any taxpayer who reasonably expects to be liable for not more than $50,000 in taxes imposed with respect to distilled spirits, wines, and beer under subparts A, C, and D and section 7652 for the calendar year and who was liable for not more than $50,000 in such taxes in the preceding calendar year, the last day for the payment of tax on withdrawals, removals, and entries (and articles brought into the United States from Puerto Rico) under bond for deferred payment shall be the 14th day after the last day of the calendar quarter during which the action giving rise to the imposition of such tax occurs.

`(B) NO APPLICATION AFTER LIMIT EXCEEDED- Subparagraph (A) shall not apply to any taxpayer for any portion of the calendar year following the first date on which the aggregate amount of tax due under subparts A, C, and D and section 7652 from such taxpayer during such calendar year exceeds $50,000, and any tax under such subparts which has not been paid on such date shall be due on the 14th day after the last day of the semimonthly period in which such date occurs.

`(C) CALENDAR QUARTER- For purposes of this paragraph, the term `calendar quarter' means the three-month period ending on March 31, June 30, September 30, or December 31.'.

(b) Conforming Amendment- Section 5061(d)(6), as redesignated by subsection (a), is amended by striking `paragraph (4)' and inserting `paragraph (5)'.

(c) Effective Date- The amendments made by this section shall apply with respect to quarterly periods beginning on and after January 1, 2006.

Page last reviewed/updated: 10/16/2012

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