18:09
hmm tough one
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
Alcohol and Tobacco Tax and Trade Bureau
Read a random definition: New York
A quick definition of Alcohol and Tobacco Tax and Trade Bureau:
Alcohol and Tobacco Tax and Trade Bureau: A group of people who make sure that the rules about making and selling alcohol and tobacco are followed. They also collect money from people who make guns and bullets. They are part of the U.S. Department of the Treasury.
A more thorough explanation:
The Alcohol and Tobacco Tax and Trade Bureau (TTB) is a bureau within the U.S. Department of the Treasury. Its main responsibility is to enforce laws related to the production, use, and distribution of alcohol and tobacco products. The TTB also collects excise taxes on firearms and ammunition.
For example, if a company wants to produce and sell alcohol, they must obtain a permit from the TTB. The TTB will then regulate the production process to ensure that the alcohol is safe for consumption and meets all legal requirements. The TTB also collects taxes on the sale of alcohol, which helps fund government programs.
The TTB was created in 2003 and took over the tax-enforcement functions of the former Bureau of Alcohol, Tobacco, and Firearms. This means that the TTB is responsible for enforcing laws related to the production and sale of firearms and ammunition as well.