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OTHER MEDIUM SAVINGS BUSINESS

Pilot Operations Regulatory Waiver

IRC §5554

The Secretary is authorized to waive regulatory provisions of the chapter for temporary pilot or experimental operations involving distilled spirits plants.

Eligibility

Distilled spirits plants engaged in developing and testing improved methods of governmental supervision or experimental operations.

Frequently Asked Questions

Who is eligible for the Pilot Operations Regulatory Waiver?

Distilled spirits plants engaged in developing and testing improved methods of governmental supervision or experimental operations.

How does the Pilot Operations Regulatory Waiver work?

The Secretary is authorized to waive regulatory provisions of the chapter for temporary pilot or experimental operations involving distilled spirits plants.

What law authorizes the Pilot Operations Regulatory Waiver?

The Pilot Operations Regulatory Waiver is authorized under IRC §5554 of the Internal Revenue Code (Title 26, United States Code).

Statutory Text — IRC §5554

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

§ 5554. Pilot operations For the purpose of facilitating the development and testing of improved methods of governmental supervision (necessary for the protection of the revenue) over distilled spirits plants established under this chapter, the Secretary is authorized to waive any regulatory provisions of this chapter for temporary pilot or experimental operations. Nothing in this section shall be construed as authority to waive the filing of any bond or the payment of any tax provided for in this chapter. (Added Pub. L. 85–859, title II, § 201, Sept. 2, 1958, 72 Stat. 1395; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.) Editorial Notes Prior ProvisionsA prior section 5554, act Aug. 16, 1954, ch. 736, 68A Stat. 681, consisted of provisions similar to those comprising this section, 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 §5554 → Cornell Law Institute — 26 USC §5554 → Search IRS.gov for IRC §5554 → Treasury Regulations (26 CFR) →
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