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.
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