27 C.F.R. § 24.148 Penal sums of bonds.
Title 27 - Alcohol, Tobacco Products and Firearms
The penal sums of bonds prescribed in this part are as follows: (26 U.S.C. 5354, 5362) [T.D. ATF–390, 62 FR 29666, June 2, 1997]
Title 27: Alcohol, Tobacco and Firearms
PART 24—WINE
Subpart D—Establishment and Operations
Bonds and Consents of Surety
§ 24.148 Penal sums of bonds.
---------------------------------------------------------------------------------------------------------------- Penal sum Bond Basis ------------------------- Minimum Maximum----------------------------------------------------------------------------------------------------------------(a) Wine Bond, AFT F 5120.36.................. (1) Not less than the tax on all wine $1,000 $50,000 or spirits in transit or unaccounted for at any one time, taking into account the appropriate small producer's wine tax credit. Where such liability exceeds $250,000. ........... 100,000 (2) Where the unpaid tax amounts to 500 250,000 more than $500, not less than the amount of tax which, at any one time, has been determined but not paid. Except: $1,000 of the wine operations coverage may be allocated to cover the amount of tax which, at any one time, has been determined but not paid, if the total operations coverage is $2,000 or more.(b) Wine Vinegar Plant Bond TTB F 5510.2*..... Not less than the tax on all wine on 1,000 100,000 hand, in transit, or unaccounted for at any one time.----------------------------------------------------------------------------------------------------------------* The proprietor of a bonded wine premises who operates an adjacent or contiguous wine vinegar plant with a Wine Bond which does not cover the operation may file a consent of surety to extend the terms of the Wine Bond in lieu of filing a wine vinegar plant bond.
