Summary: H.R.3055 — 94th Congress (1975-1976)All Information (Except Text)

There is one summary for H.R.3055. Bill summaries are authored by CRS.

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Introduced in House (02/06/1975)

Provides, under the Internal Revenue Code, for a drawback in the amount of taxes paid on wine or distilled spirits exported from the United States in bulk containers.

Authorizes the return of distilled spirits for storage (on bonded premises) pending withdrawal without payment of tax under this Act. Provides that no distilled spirits shall be withdrawn from bonded premises for exportation, or for transfer to a customs bonded warehouse for storage therein pending exportation, without payment of tax unless the exporter has furnished bond to cover such withdrawal.