Loopholes > Federal > Disaster Relief Exemption for Distilled Spirits Plants
RETIREMENT MEDIUM SAVINGS BUSINESS

Disaster Relief Exemption for Distilled Spirits Plants

IRC §5562

The Secretary may waive regulatory requirements for distilled spirits plants (excluding tax payment) when necessary or desirable due to a disaster.

Eligibility

Proprietors of distilled spirits plants operating in areas or circumstances affected by a disaster as determined by the Secretary.

Frequently Asked Questions

Who is eligible for the Disaster Relief Exemption for Distilled Spirits Plants?

Proprietors of distilled spirits plants operating in areas or circumstances affected by a disaster as determined by the Secretary.

How does the Disaster Relief Exemption for Distilled Spirits Plants work?

The Secretary may waive regulatory requirements for distilled spirits plants (excluding tax payment) when necessary or desirable due to a disaster.

What law authorizes the Disaster Relief Exemption for Distilled Spirits Plants?

The Disaster Relief Exemption for Distilled Spirits Plants is authorized under IRC §5562 of the Internal Revenue Code (Title 26, United States Code).

Statutory Text — IRC §5562

Source: Internal Revenue Code, Title 26, United States Code

§ 5562. Exemptions from certain requirements in cases of disaster Whenever the Secretary finds that it is necessary or desirable, by reason of disaster, to waive provisions of internal revenue law with regard to distilled spirits, he may temporarily exempt proprietors of distilled spirits plants from any provision of the internal revenue laws relating to distilled spirits, except those requiring payment of the tax thereon, to the extent he may deem necessary or desirable. (Added Pub. L. 85–859, title II, § 201, Sept. 2, 1958, 72 Stat. 1397; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.) Editorial Notes Prior ProvisionsProvisions similar to those comprising this section were contained in prior section 5215, act Aug. 16, 1954, ch. 736, 68A Stat. 640, prior to the general revision of this chapter by Pub. L. 85–859. Amendments1976—Pub. L. 94–455 struck out “or his delegate” after “Secretary”.

Legal Sources

US Code (Official) — 26 USC §5562 → Cornell Law Institute — 26 USC §5562 → Search IRS.gov for IRC §5562 → Treasury Regulations (26 CFR) →
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