The Internal Revenue Code (IRC) at 26
U.S.C. 4181 imposes a tax on the sale of firearms and ammunition.
However, under the IRC at 26 U.S.C. 4221(a), certain sales may be
made tax-free, including sales made for further manufacture,
export, or use as supplies on vessels or aircraft, and sales made
to a State or local government or to a nonprofit education
organization for their exclusive use. In addition, for such sales
where the tax has been paid, the tax is considered an overpayment
subject to credit or refund under the IRC at 26 U.S.C. 6416(b)(2)
and (3). In order to protect the revenue, the TTB regulations in 27
CFR part 53 prescribe that those otherwise subject to this tax must
maintain records, including statements or certificates containing
specified information, documenting the tax-free or tax-overpaid
nature of such sales. Respondents may use commercial records or
self-generated supporting statement or certificates, or, for
certain transactions, respondents may use TTB-provided forms,
which, when completed, document the required supporting
information. The required supporting information is maintained by
respondents at their business premises, and, to protect the
revenue, TTB may examine these records during audits.
There are no program changes
associated with this information collection. As for adjustments,
due to a change in agency estimates, TTB is decreasing the number
of annual respondents and responses to this information collection,
but is increasing the estimated number of responses per respondent.
Specifically, TTB is decreasing the number of annual respondents
from 7,000 to 3,500, but is increasing the number of responses per
respondent from 10 to 12. Taken together, these changes in
estimates result in a decrease in the total number of annual
responses, from 70,000 to 42,000. Additionally, TTB did not
previously account for the use of usual and customary business
records by 1,700 (50 percent) respondents, which, under OMB
regulations at 5 CFR 1320.3(b)(2), do not impose any burden hours
on respondents. Therefore, TTB is decreasing the estimated total
annual burden for this collection from 52,500 hours to 15,750.
$0
No
No
No
No
No
No
No
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 5600.33 Records to Support Tax Free and Tax Overpayment Sales of Firearms and Ammunition
1513-0128 Supporting Statement (11-2020)-2.docx
Records to Support Tax Free and Tax Overpayment Sales of Firearms and Ammunition