Brewer's Bond and Brewer's Bond Continuation Certificate/Brewer's Collateral Bond and Brewer's Collateral Bond Continuation Certificate
Revision of a currently approved collection
No
Regular
Approved without change
09/18/2014
03/31/2014
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
09/30/2017
36 Months From Approved
09/30/2014
1,524
0
508
990
0
380
0
0
0
The Internal Revenue Code requires brewers to give a bond to protect the revenue and to ensure compliance with the requirements of law and regulations, and the Continuation Certificate is used to renew the bond every 4 years after the initial bond is obtained. Bonds and continuation certificate are required by law and are necessary to protect government interests in the excise tax revenues that brewers pay.
US Code:
26 USC 7101
Name of Law: Internal Revenue Code
US Code:
26 USC 5401
Name of Law: Internal Revenue Code
All 3,300 Brewers will file these forms every 4 years, and they will file each of the four forms equally. In the past, we have not always considered that all new breweries filed (in about an even split) either TTB F 5130.22 or 5130.25 which makes the burden calculation a little more involved than what was done in the past. The increase of 610 burden hours is an adjustment in Agency estimate; 990 total burden hours requested.
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.