Brewer's Bond and Brewer's Bond Continuation Certificate; Brewer's Collateral Bond and Brewer's Collateral Bond Continuation Certificate
Extension without change of a currently approved collection
No
Regular
Approved without change
04/09/2024
01/31/2024
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
04/30/2027
36 Months From Approved
04/30/2024
150
0
224
134
0
189
300
0
448
In general, the Internal Revenue Code (IRC) at 26 U.S.C. 5401(b) requires brewers to execute a bond before starting business, subject to the exemptions for certain small brewers that are eligible to pay excise taxes on an annual or quarterly basis as provided under 26 U.S.C. 5551(d) and to regulations issued by the Secretary of the Treasury. Also under that section, brewer's bonds expire every four years, and a brewer must provide a new bond or a continuation certificate extending the terms of an existing bond. Additionally, under the IRC at 26 U.S.C. 7101 and subject to regulations prescribed by the Secretary, a brewer may furnish a surety bond under which a surety company guarantees payment of the proprietorâs unpaid tax liabilities, or a brewer may submit a collateral bond backed by United States Treasury securities or notes. Under those IRC authorities, the TTB regulations in 27 CFR part 25 require brewers to file a surety bond using TTB F 5130.22, Brewerâs Bond, or a collateral bond backed by U.S. Treasury securities, notes, or cash using TTB F 5130.25, Brewerâs Collateral Bond. To continue an existing bond, a brewer may furnish a surety bond continuation certificate using TTB F 5130.23 or a collateral bond continuation certificate using TTB F 5130.27, as appropriate. The collected information is necessary to protect the revenue as the required bonds ensure payment of any delinquent excise tax liabilities.
There are no program changes associated with this information collection request at this time. As for adjustments, due to changes in agency estimates, TTB is decreasing the overall estimated number of respondents, responses, and burden hours associated with this information collection request, from 224 annual respondents and responses each to 150 each, and from 189 total hours to 133.75 (134). TTB attributes these decreases to the large number of new and existing small brewers that are now exempt from the requirement to furnish or renew a brewerâs bond, as provided in 26 U.S.C. 5551(d). The number of annual responses per respondent remains the same (one) as previously reported. However, due to changes in the distribution of the 150 annual responses among the four information collections contained under this request, the time burden for each response increases slightly, from 0.84375 hour (50.625 minutes) to 0.89167 hour (53.5) minutes).
Also, TTB is revising the titles of two of the information collections contained in this request. For clarity, TTB is adding the word âSuretyâ to the titles of the âBrewerâs Bondâ and âBrewerâs Bond Continuation Certificateâ collections so that they read, respectively, âBrewerâs Surety Bondâ and âBrewerâs Surety Bond Continuation Certificate.â
$3,592
No
Yes
Yes
No
No
No
No
Curtis Eilers 202 453-1039 ext. 041
Reginfo record details
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.
Brewer's Collateral Bond Continuation Certificate