55 STAT.] 77TH CONG. , IST SESS.-CH. 412 -SEPT. 20 , 1941 SEC. 534. WINES. (a) RATE ON STILL WINES. - Section 3030 (a) (1) (A) of the Internal Revenue Code is amended by striking out "5 cents" and inserting in lieu thereof "8 cents"; by striking out "15 cents" and inserting in lieu thereof "30 cents"; and by striking out "25 cents" and inserting in lieu thereof "65 cents". (b) RATE ON SPARKLING WINES, LIQUEURS, CORDIALS, ETc. - Section 3030 (a) (2) of the Internal Revenue Code is amended by striking out "21/2 cents" and inserting in lieu thereof "7 cents"; and by striking out "11/4 cents" and inserting in lieu thereof "31/2 cents". "SEC. 3192. FLOOR STOCKS TAX ON WINES. "(a) FLOOR STOCKS TAx.-Upon all wines upon which the internal- revenue tax imposed by law has been paid, and which on October 1, 1941, are held and intended for sale or for use in the manufacture or production of an article intended for sale, there shall be levied, assessed, collected, and paid a floor stocks tax at rates equal to the increases in rates of tax (over the defense tax rates) made applicable to such articles by section 534 of the Revenue Act of 1941. "(b) RETURNS. -Every person required by subsection (a) to pay any floor stocks tax shall, on or before January 1, 1942, under such regulations as the Commissioner, with the approval of the Secretary, shall prescribe, make a return and pay such tax. Payment of the tax shown to be due may be extended to a date not later than August 1, 1942, upon the filing of a bond for payment thereof in such form and amount and with such surety or sureties as the Commissioner, with the approval of the Secretary, may prescribe. "(c) LAWS APPLICABLE.-Al l provisions of law, including penalties, applicable in respect of the taxes imposed by section 3030 (a) shall, insofar as applicable and not inconsistent with this subsection, be applicable with respect to the floor stocks tax imposed by subsection (a)." SEC. 535. TIRES AND TUBES. (a) RATE ON TIRES.- Section 3400 (1) of the Internal Revenue Code is amended by striking out "2/4 cents" and inserting in lieu thereof "5 cents". (b) RATE ON TUBEs.- Section 3400 (2) of the Internal Revenue Code is amended by striking out "4 cents" and inserting in lieu thereof "9 cents". (c) FLOOR STOCxK TAX ON TIRES AND INNER TUBES. -Section 3400 of the Internal Revenue Code is amended by inserting "(a) TAX.- " before the beginning thereof and by inserting at the end thereof the following: "(b) FLOOR STOCKS TAx.-Upon tires and inner tubes subject to tax under subsection (a) of the type used on vehicles subject to tax under section 3403 (a) or (b) which on October 1, 1941, are held for sale by any person there shall be levied, assessed, collected, and paid a floor stocks tax at the rate of 21/2 cents per pound in the case of tires and 41/2 cents per pound in the case of inner tubes. The tax shall apply to tires and inner tubes held for sale on, or in connection with, or held for use in the manufacture or production of, articles the sale of which will be subject to tax under section 3403 (a) or (b). The tax shall not apply to tires and inner tubes held for sale by the manufacturer, producer, or importer thereof, and to tires and 709 54 Stat. 513 . 26 U. S.. . 3030(a) (1) (A). 54 Stat. 514. 26U.S.C.i3030 (a) (2). 53 Stat. 295; 54 Stat. 525. 26 U. S. C. §§3190- 3191. Supra. 53 Stat. 347. 26 U. S. C . §3030(a). Supra. 53 Stat. 409. 26 V. S . (. §3400(1). 53 Stat. 410 . 26 U.S .C. 3400 (2). 53 Stat. 409. 26U.S.C.§3400. 53 Stat. 410. 26U.S.C 3403 (a), (b). PoOt,p. 711.
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