[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR194.94]

[Page 1238]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--BUREAU OF ALCOHOL, TOBACCO AND FIREARMS, DEPARTMENT OF THE 
                                TREASURY
 
PART 194--LIQUOR DEALERS--Table of Contents
 
                         Subpart G--Partnerships
 
Sec. 194.94  Withdrawal of one or more partners.

    When one or more partners withdraw from a partnership which has paid 
special tax, the remaining partner, or partners, may file with ATF a 
notice of succession to the partnership business within 30 days after 
the change in control, as provided in Sec. 194.169, and carry on the 
same business at the same address for the remainder of the taxable 
period for which special tax was paid without paying additional special 
tax. However, where the remaining partner, or partners, do not file such 
timely notice of succession, they are required to pay special tax, as 
provided in Sec. 194.170.

(68A Stat. 846, 72 Stat. 1347; 26 U.S.C. 7011, 5143)

[25 FR 6270, July 2, 1960, as amended by T.D. 7008, 34 FR 3664, Mar. 1, 
1969. Redesignated at 40 FR 16835, Apr. 15, 1975, and amended by T.D. 
ATF-251, 52 FR 19335, May 22, 1987]