The Federal Government Can Save $1.7 Million Annually by Eliminating Strip Stamps
GGD-82-60
Published: May 07, 1982. Publicly Released: May 07, 1982.
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Highlights
GAO reviewed the administration of excise taxes on distilled spirits.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| Department of the Treasury | The Secretary of the Treasury should revise the regulations to eliminate Government-supplied strip stamps while retaining a requirement that bottlers and distributors provide and use approved closure devices. If it is decided that approved closure devices are unnecessary, the Secretary of the Treasury should request legislation to repeal section 5205 and related provisions of the Internal Revenue Code. |
Closed – Implemented
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
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Topics
Alcohol taxesCost controlExcise taxesLabeling lawPrinting costsProgram evaluationTax administrationTax lawTaxesLegislation