[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: 27CFR194.35]

[Page 1099-1100]
 
            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 C--Special (Occupational) Taxes
 
Sec. 194.35  Warehouse receipts covering spirits.

    Since the sale of warehouse receipts for distilled spirits is 
equivalent to the sale of distilled spirits, every person who sells or 
offers for sale warehouse receipts for spirits held or stored in a 
distilled spirits plant, customs bonded warehouse, or elsewhere, is 
required to file a special tax return and pay special tax as a wholesale 
dealer in liquors, or as a retail dealer in liquors, as the case

[[Page 1100]]

may be, at the place where such warehouse receipts are sold, or offered 
for sale, unless exempt by the provisions of subpart L, of this part.

(72 Stat. 1340, 1343; 26 U.S.C. 5111, 5121)