Treasury modified cost burden estimates to address computation error.
Inventory as of this Action
Requested
Previously Approved
09/30/2009
6 Months From Approved
200,000
0
0
960,000
0
0
19,399,998
0
0
The Children's Health Insurance Program Reauthorization Act of 2009 (Public Law 111-3), enacted February 4, 2009, imposed a floor stocks tax on tobacco products (except large cigars) and cigarette papers and tubes held for sale on April 1, 2009. Persons holding taxable articles on that date must take an inventory and file a return and pay any tax due. TTB will submit implementing regulations under separate cover.
The ChildrenÂs Health Insurance Program Reauthorization Act of 2009 (Public Law 111-3, Âthe ActÂ), was signed into law on February 4, 2009. The Act increases the Federal excise tax on all tobacco products and cigarette papers and cigarette tubes, effective April 1, 2009. In addition, the Act imposes a floor stocks tax on all tobacco products (except large cigars), cigarette papers, and cigarette tubes held for sale on April 1, 2009.
Affected parties must take an inventory of tobacco products and cigarette papers and tubes to determine the quantity held for sale on April 1, 2009. They must then complete and submit a Floor Stocks Tax Return and pay any tax due by July 31, 2009.
The Alcohol and Tobacco Tax and Trade Bureau (TTB) must print and mail these forms to inform potential taxpayers of the floor stocks tax inventory requirement and provide the necessary forms and instructions before the start of the inventory period, which runs from March 26 to April 10, 2009. We request emergency approval of the paperwork by March 13, 2009.
TTB will issue regulations to implement the 2009 floor stocks tax on tobacco products, and cigarette papers and tubes as soon as possible. We will request OMB approval of the regulations under separate cover.
PL:
Pub.L. 111 - 3 701
Name of Law: Children's Health Insurance Program Reauthorization Act of 2009
PL: Pub.L. 111 - 3 701 Name of Law: Children's Health Insurance Program Reauthorization Act of 2009
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Form TTB F 5000.28T09 Tobacco Products and Cigarette Papers and Tubes, 2009 Tax Increase and Floor Stocks Tax
1513-XXXX FST Message from the Administrator.pdf
1513-XXXX FST Statutory Authority.doc
Tobacco Products and Cigarette Papers and Tubes, 2009 Tax Increase and Floor Stocks Tax