A person must determine the penal sums for the various bonds required by this subpart according to the following table: ------------------------------------------------------------------------
The penal sum must
be:
---------------------
(a) Operations bond for a Required penal sum and needsingle plant operating as a: represents: Not less not be
than-- more
(1) Distiller............... The amount of tax on $5,000 $100,000
spirits produced
during a 15-day
period.(2) Warehouseman, in general The amount of tax on 5,000 200,000
spirits and wines
deposited in,
stored on, and in
transit to, the
bonded premises.(3) Warehouseman limited to The amount of tax on 5,000 50,000
storage of spirits in spirits and wines
packages to a total of not deposited in,
over 50,000 proof gallons. stored on, and in
transit to, the
bonded premises.(4) Distiller and The amount of tax on 10,000 200,000
warehouseman. spirits produced
during a period of
15 days, plus the
tax on spirits and
wines deposited in,
stored on, and in
transit to the
bonded premises.
(5) Distiller and processor. The amount of tax on 10,000 200,000
spirits produced
during a 15-day
period, plus the
amount of tax on
spirits, denatured
spirits, articles
and wines deposited
in, or stored on,
and in transit to
the bonded premises.(6) Warehouseman and The amount of tax on 10,000 250,000
processor in general. spirits, denatured
spirits, articles,
and wines deposited
in, stored on, and
in transit to, the
bonded premises.(7) Warehouseman and The amount of tax on 10,000 50,000
processor, limited to spirits, denatured
storage of spirits or spirits, articles,
denatured spirits in and wines deposited
packages to a total of not in, stored on, and
over 50,000 proof gallons, in transit to, the
and processing of spirits bonded premises.
or denatured spirits so
stored.(8) Distiller, warehouseman The amount of tax on 15,000 250,000
and processor. spirits produced
during a 15-day
period, plus the
amount of tax on
spirits, denatured
spirits, articles
and wines deposited
in, stored on, and
in transit to, the
bonded premises.(9) Distiller with adjacent The amount required 6,000 150,000
bonded wine cellar. for a distiller
(see paragraph
(a)(1). above) plus
(1). above) plus
the amount of tax
on wines and wine
spirits possessed
on, and in transit
to, the adjacent
wine cellar.(10) Distiller and The amount required 11,000 250,000
warehouseman with adjacent for a distiller &
bonded wine cellar. warehouseman (see
paragraph (a)(4).
above) plus the
amount of tax on
wines and wine
spirits possessed
on, and in transit
to, the adjacent
wine cellar.(11) Distiller and processor The amount required 11,000 250,000
with adjacent bonded wine for a distiller &
cellar. processor (see
paragraph (a)(5).
above) plus the
amount of tax on
wines and wine
spirits possessed
on, and in transit
to, the adjacent
wine cellar.(12) Distiller, warehouseman The amount required 16,000 300,000
and processor with adjacent for a distiller-
bonded wine cellar. warehouseman-
processor (see
paragraph (a)(8).
above) plus the
amount of tax on
wines and wine
spirits possessed
on, and in transit
to, the adjacent
wine cellar.------------------------------------------------------------------------
(b) Area operations bond for
two or more plants whose
combined required penal sums Required penal sum is: But need not
under paragraph (a) of this be more than:
(1) Do not exceed $300,000..... 100%................... $300,000(2) Exceed $300,000 but do not $300,000 plus 70% of 510,000
exceed $600,000. the amount over
$300,000.(3) Exceed $600,000 but do not $510,000 plus 50% of 710,000
exceed $1,000,000. the amount over
$600,000.(4) Exceed $1,000,000 but do $710,000 plus 35% of 1,060,000
not exceed $2,000,000. the amount over
$1,000,000.(5) Exceeds $2,000,000......... $1,060,000 plus 25% of
the amount over
$2,000,000.------------------------------------------------------------------------ ----------------------------------------------------------------------------------------------------------------
The penal sum must be:
Required penal sum --------------------------------------------------
(c) Withdrawal bond for: represents: and need not be more
(1) One distilled spirits plant..... The amount of tax $1,000................ $1,000,000.
which, at any one
time, is chargeable
against such bond, but
has not yet been paid.(2) Two or more distilled spirits Sum of the penal sums ($1,000) x (number of (Number of plants) x
plants. for each plant plants). $1,000,000.
calculated in
paragraph (c)(1) of
this section.---------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------
The penal sum must be:
Required penal sum -----------------------------------------------
(d) Unit bond for: represents: and need not be more
(1) Operations at one distilled An amount equal to the sum $6,000................ $1,300,000.
spirits plant (including any of the required penal
adjacent bonded wine cellar), and sums of an operations
withdrawals from the bonded bond and a withdrawal
premises of the same plant. bond for the plant, if
such bonds were obtained
separately. (See
paragraphs (a) and (c)(1)
in this section.).
(2) Operations at two or more An amount equal to the sum Sum of the minimum Sum of the maximum
distilled spirits plants (including of the penal sums of an penal sums for penal sums for area
any adjacent bonded wine cellars), area operations bond and operations and operations bonds and
and withdrawals from the bonded withdrawal bonds needed withdrawal bonds withdrawal bonds
premises of the same plants. for all of the covered required for each required for the
plants, if such bonds plant covered by the plants covered by the
were obtained separately. bond. unit bond.
(Total penal sums of
paragraphs (b) and (c)(2)
in this section.).---------------------------------------------------------------------------------------------------------------- (26 U.S.C. 5173)