[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR194.110]

[Page 1105-1106]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE 
                                TREASURY
 
PART 194--LIQUOR DEALERS--Table of Contents
 
                    Subpart H--Payment of Special Tax
 
Sec. 194.110  Interest on unpaid tax.

    (a) General. Interest is due on unpaid special tax from the date the 
tax was required to be paid to the date paid. Interest shall be charged 
for each day at

[[Page 1106]]

the rate prescribed by law in effect on that day.
    (b) Adjusted interest rates. Adjusted interest rates are announced 
by the Commissioner of Internal Revenue not later than October 15 of any 
year, in accordance with variations in the prime interest rate during 
September of that year, as prescribed by 26 U.S.C. 6621(b). The regional 
director (compliance) will provide information, when requested, 
regarding interest rates applicable to specific time periods.

(Sec. 7, Pub. L. 96-625, 88 Stat. 2114 as amended (26 U.S.C. 6621); 68A 
Stat. 817 (26 U.S.C. 6601))

[T.D. ATF-116, 47 FR 51571, Nov. 16, 1982]

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