26 U.S.C. § 5132
§ 5132. Prohibited purchases by dealers
No plain-English explainer yet. Below is the official text. Explainers are being added section by section.
History
Added in 2005 by the Public Law 109-59. Last changed August 10, 2005 by the Public Law 109-59.
Every change, newest first (1)
- August 10, 2005Public Law 109-59 · added this section
The law as written
Current through Public Law 119-102. Amendment notes omitted.
Except as provided in regulations prescribed by the Secretary, it shall be unlawful for a dealer to purchase distilled spirits for resale from any person other than a wholesale dealer in liquors who is required to keep the records prescribed by section 5121.
A limited retail dealer may lawfully purchase distilled spirits for resale from a retail dealer in liquors.
For penalty and forfeiture provisions applicable to violations of subsection (a), see sections 5687 and 7302.