26 USC 5370 - Losses

U.S Code last checked for updates: May 18, 2024

§ 5370.

Losses

(a)

General

No tax shall be collected in respect of any wines lost or destroyed while in bond, except that tax shall be collected—

(1)

Theft

(2)

Voluntary destruction

(b)

Proof of loss

(Added Pub. L. 85–859, title II, § 201, Sept. 2, 1958, 72 Stat. 1381; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.)

cite as: 26 USC 5370