Code of Federal Regulations Title 27. Alcohol, Tobacco Products and Firearms § 27.25.106 Application to terminate bond by existing brewer who becomes exempt from bond requirements

(a) Will withdraw beer for deferred payment of tax under § 25.164;

(b) Reasonably expects to be liable for not more than $50,000 in taxes with respect to beer imposed by 26 U.S.C. 5051 and 7652 for the current calendar year (see definition of “Reasonably expects” in § 25.164(c)(4)(ii));  and

(c) Was liable for not more than $50,000 in such taxes in the preceding calendar year.