TTB F 5110.56 is used by proprietors
of Distilled Spirits Plants (DSPs) and Alcohol Fuel Plants (AFPs)
to file bond coverage with TTB. Using this form, these proprietors
may file coverage and/or withdraw coverage for one plant or
multiple plants. With this form proprietors of DSPs may also
provide operations coverage for adjacent wine cellars. The bond may
be secured through a surety company or it may be secured with
collateral (cash, Treasury Bonds or Treasury Notes). The bond
protects the revenue by ensuring adequate assets are available to
pay tax liabilities
US Code:
26
USC 5181 Name of Law: Internal Revenue Code
US Code: 26
USC 5173 Name of Law: Internal Revenue Code
There is an adjustment
associated with this information collection. The burden hours have
increase in response to the increase in the number of
respondents.
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.