The Internal Revenue Code (IRC), at 26 U.S.C. 5701, imposes a Federal excise tax on large cigars based on a percentage of the price for which such cigars are sold by the manufacturer or importer. Pursuant to the authority provided by the IRC at 26 U.S.C. 5741 to require recordkeeping, TTB has prescribed by regulation that manufacturers and importers maintain a list of large cigar sale prices. This provides TTB a means of verifying that the correct amount of tax was determined and ultimately paid by the manufacturer or importer of large cigars.
US Code:
26 USC 5701
Name of Law: Internal Revenue Code
US Code:
26 USC 5741
Name of Law: Internal Revenue Code
As adjustments, TTB is reporting a decrease in the number of annual respondents, responses, and annual burden hours due to a decrease in the number of regulated industry members manufacturing or importing large cigars. The number of respondents and responses has decreased from 818 to 300, and the estimated annual burden hours have decreased from 1,906 to 699.
$0
No
No
No
No
No
Uncollected
Jesse Longbrake 202 453-2265
No
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.
1513-0071 Supporting Statement (2016-07-19).docx
Tobacco Products Importer or Manufacturer - Records of Large Cigar Wholesale Prices (TTB REC 5230/1)