INCREASE IN TAX ON DISTILLED SPIRITS FROM

SEC. 451. INCREASE IN TAX ON DISTILLED SPIRITS FROM (a) Distilled Spirits Generally.—Section 2800 (a) (1) is hereby amended by striking out “$6” and inserting in lieu thereof “$10.50”, and by inserting after the first sentence the following new sentence: “On and after April 1, 1954, the rate of tax imposed by this paragraph shall be $9 in lieu of $10.50.”. (b) Imported Perfumes Containing Distilled Spirits.—Section 2800 (a) (3) is hereby amended by striking out “$6” and inserting in lieu thereof “$10.50”, and by adding at the end thereof the following new sentence: “On and after April 1, 1954. the rate of tax imposed by this paragraph shall be $9 in lieu of $10.50.”. 65 Stat. 525 (c) Floor Stocks Tax.—Section 2800 is amended by inserting at the end thereof the following new subsection: “(l) 1951 Floor Stocks Tax.— “(1) Tax.—Upon all distilled spirits upon which the internal revenue tax imposed by law has been paid, and which on the effective date of section 451 (a) of the Revenue Act of 1951, are held and intended for sale or for use in the manufacture or production of any article intended for sale, there shall be levied, assessed, collected, and paid a floor stocks tax of $1.50 on each proof-gallon, and a proportionate tax at a like rate on all fractional parts of such proof-gallon. “(2) Returns.—Under such regulations as the Secretary shall prescribe, every person required by paragraph (1) to pay any floor stocks tax shall, on or before the end of the thirtieth day following the effective date of section 451 (a) of the Revenue Act of 1951 make a return and shall, on or before the first day of the third month following such effective date, pay such tax. payment of the tax shown to be due may be extended to a date not later than the first day of the tenth month following the effective date of such section upon the filing of a bond for payment thereof in such form and amount and with such surety or sureties as the Secretary may prescribe. “(3) Laws applicable.—All provisions of law, including penalties, applicable in respect of internal revenue taxes on distilled spirits shall, insofar as applicable and not inconsistent with this subsection, be applicable in respect of the floor stocks tax imposed hereunder. For the purposes of this subsection the term ‘distilled spirits’ shall include products produced in such manner that the person producing them is a rectifier within the meaning of section 3254 (g).”