[Code of Federal Regulations]
[Title 27, Volume 2]
[Revised as of April 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR70.101]

[Page 253]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE 
                                TREASURY
 
PART 70_PROCEDURE AND ADMINISTRATION--Table of Contents
 
      Subpart D_Collection of Excise and Special (Occupational) Tax
 
Sec.  70.101  Bad checks.

    If any check or money order in payment of any amount receivable 
under Title 26 of the United States Code is not duly paid, in addition 
to any other penalties provided by law, there shall be paid as a penalty 
by the person who tendered such check, upon notice and demand, in the 
same manner as tax, an amount equal to 1 percent of the amount of such 
check, except that if the amount of such check is less than $500, the 
penalty under this section shall be $5 or the amount of such check, 
whichever is the lesser. This section shall not apply if the person 
establishes to the satisfaction of the appropriate TTB officer that such 
check was tendered in good faith and that such person had reasonable 
cause to believe that such check would be duly paid.

(26 U.S.C. 6657)

[T.D. ATF-251, 52 FR 19314, May 22, 1987. Redesignated and amended by 
T.D. ATF-301, 55 FR 47606, 47615, Nov. 14, 1990]