26-U.S.C.-5721

§5721 – Inventories

Pathway

Title 26 > Subtitle E > Chapter 52 > Subchapter C > Section 5721

Details

• Reference: Section 5721
• Legend: §5721 – Inventories
• USCode Year: 2013

Provision Content

Every manufacturer or importer of tobacco products, processed tobacco, or cigarette papers and tubes, and every export warehouse proprietor, shall make a true and accurate inventory at the time of commencing business, at the time of concluding business, and at such other times, in such manner and form, and to include such items, as the Secretary shall by regulation prescribe. Such inventories shall be subject to verification by any internal revenue officer.

(Aug. 16, 1954, ch. 736, 68A Stat. 713; Pub. L. 85–859, title II, §202, Sept. 2, 1958, 72 Stat. 1422; Pub. L. 94–455, title XIX, §1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 105–33, title IX, §9302(h)(2)(A), Aug. 5, 1997, 111 Stat. 674; Pub. L. 111–3, title VII, §702(a)(2)(A), Feb. 4, 2009, 123 Stat. 108.)

Amendments

2009—Pub. L. 111–3 inserted , processed tobacco, after tobacco products.

1997—Pub. L. 105–33 inserted or importer after manufacturer.

1976—Pub. L. 94–455 struck out or his delegate after Secretary.

1958—Pub. L. 85–859 substituted manufacturer of tobacco products or cigarette papers and tubes for manufacturer of articles and internal revenue officer for revenue officer, and inserted provisions to include export warehouse proprietors.

Effective Date of 2009 Amendment

Amendment by Pub. L. 111–3 effective Apr. 1, 2009, see section 702(a)(6) of Pub. L. 111–3, set out as a note under section 5702 of this title.

Effective Date of 1997 Amendment

Amendment by Pub. L. 105–33 applicable to articles removed, as defined in section 5702(j) of this title, after Dec. 31, 1999, with transition rule, see section 9302(i) of Pub. L. 105–33, set out as a note under section 5701 of this title.

Effective Date of 1958 Amendment

Amendment by Pub. L. 85–859 effective Sept. 3, 1958, see section 210(a)(1) of Pub. L. 85–859, set out as an Effective Date note under section 5001 of this title.

U.S. Encyclopedia of Law Coverage

26-U.S.C.-5712 in the Legal Encyclopedia: Excise Taxes

In this entry about 26-U.S.C.-5712, find legal reference material, bibliographies and premiere content related to excise taxes in the American Encyclopedia of Law, presenting a comprehensive view of the United States excise taxes-specific issues, written by authorities in the field.

28-U.S.C.-599B in the Legal Encyclopedia: Tobacco

In this entry about 28-U.S.C.-599B, find legal reference material, bibliographies and premiere content related to tobacco in the American Encyclopedia of Law, presenting a comprehensive view of the United States tobacco-specific issues, written by authorities in the field.

21-U.S.C.-384A in the Legal Encyclopedia: Imports

In this entry about 21-U.S.C.-384A, find legal reference material, bibliographies and premiere content related to imports in the American Encyclopedia of Law, presenting a comprehensive view of the United States imports-specific issues, written by authorities in the field.

22-U.S.C.-7210 in the Legal Encyclopedia: Exports

In this entry about 22-U.S.C.-7210, find legal reference material, bibliographies and premiere content related to exports in the American Encyclopedia of Law, presenting a comprehensive view of the United States exports-specific issues, written by authorities in the field.

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