As provided by the IRC at 26 U.S.C. 5705, a manufacturer or importer is allowed credit or refund of the Federal excise tax paid on tobacco products, cigarette papers, or cigarette tubes withdrawn from the market when satisfactory proof of the withdrawal is provided to the Secretary. Under this authority, the TTB regulations prescribe the use of TTB F 5200.7 by manufacturers or importers to identify tobacco products, cigarette papers, or cigarette tubes to be withdrawn from the market and the location of those articles. The form also documents the taxpayerâs planned disposition of the articles (destroyed, reduced to materials, or returned to bond), and TTBâs decision to witness or not witness that disposition. Taxpayers file a completed TTB F 5200.7 to support their subsequent claim for credit or refund of the excise taxes paid on the withdrawn articles. The information collected on the form is necessary to protect the revenue; it provides TTB with certain information needed to determine whether a claim is valid.
US Code:
26 USC 5705
Name of Law: Internal Revenue Code
There are no program changes associated with this collection. As for adjustments, TTB is decreasing the estimated number of annual respondents, responses, and burden hours associated with this information collection. This is due, in part, to decreases in the number of tobacco industry members and a trend toward consolidation of refund claims. Additionally, better quality control and more efficient distribution networks for tobacco products and cigarette papers and tubes, as well as evolving industry practices regarding product returns, have resulted in fewer articles being withdrawn from the market. Finally, due to the electronic processing techniques now available to TTBâs National Revenue Center, which processes the tax credit, refund, and allowance claims that TTB F 5200.7 is filed in support of, TTB is better able to estimate the burden associated with this information collection. As a result of these factors, TTB is decreasing the estimated number of annual respondents to this information collection from 250 to 50, and is decreasing the average number of annual responses per respondent from 12 to five. As a result, TTB is decreasing the estimated annual burden hours for this information collection from 2,250 hours to 187.5.
$1,250
No
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.
Form TTB F 5200.7 Schedule of Tobacco Products, Cigarette Papers or Tubes Withdrawn from the Market
1513-0034 Supporting Statement (10-2017).docx
Schedule of Tobacco Products, Cigarette Papers or Tubes Withdrawn from the Market