Internal Revenue Code:Sec. 5124. Records
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Contents |
Location in Internal Revenue Code
TITLE 26 - INTERNAL REVENUE CODE
Subtitle E - Alcohol, Tobacco, and Certain Other Excise Taxes
CHAPTER 51 - DISTILLED SPIRITS, WINES, AND BEER
Subchapter A - Gallonage and Occupational Taxes
PART II - OCCUPATIONAL TAX
Subpart E - Retail Dealers
Statute
Sec. 5124. Records
(a) Receipts
Every retail dealer in liquors and every retail dealer in beer
shall provide and keep in his place of business a record in book
form of all distilled spirits, wines, and beer received, showing
the quantity thereof and from whom and the dates received, or shall
keep all invoices of, and bills for, all distilled spirits, wines,
and beer received.
(b) Dispositions
When he deems it necessary for law enforcement purposes or the
protection of the revenue, the Secretary may by regulations require
retail dealers in liquors and retail dealers in beer to keep
records of the disposition of distilled spirits, wines, or beer, in
such form or manner and of such quantities as the Secretary may
prescribe.
(c) Cross references
For provisions relating to the preservation and inspection of
records, and entry of premises for inspection, see section
5146.
Sources
(Added Pub. L. 85-859, title II, Sec. 201, Sept. 2, 1958, 72 Stat.
1345; amended Pub. L. 94-455, title XIX, Sec. 1906(b)(13)(A), Oct.
4, 1976, 90 Stat. 1834.)
Miscellaneous
PRIOR PROVISIONS
A prior section 5124, act Aug. 16, 1954, ch. 736, 68A Stat. 622,
consisted of provisions similar to those comprising this section,
prior to the general revision of this chapter by Pub. L. 85-859.
Prior section 5124(b), (c) related to ''inspection and
preservation of records''. See section 5146(a) of this title.
Prior section 5124(d) was a cross reference to a penalty
provision relating to retail dealers' records.
AMENDMENTS
1976 - Subsec. (b). Pub. L. 94-455 struck out ''or his delegate''
after ''Secretary'' in two places.
