§ 4101. Registration and bond
(a)
Registration
(1)
In general
Every person required by the Secretary to register under this section with respect to the tax imposed by section
4041
(a) or
4081, every person producing or importing biodiesel (as defined in section
40A
(d)(1)) or alcohol (as defined in section
6426
(b)(4)(A)), and every person producing cellulosic biofuel (as defined in section
40
(b)(6)(E)) shall register with the Secretary at such time, in such form and manner, and subject to such terms and conditions, as the Secretary may by regulations prescribe. A registration under this section may be used only in accordance with regulations prescribed under this section.
(2)
Registration of persons within foreign trade zones, etc.
The Secretary shall require registration by any person which—
(3)
Display of registration
Every operator of a vessel required by the Secretary to register under this section shall display proof of registration through an identification device prescribed by the Secretary on each vessel used by such operator to transport any taxable fuel.
(4)
Registration of persons extending credit on certain exempt sales of fuel
The Secretary shall require registration by any person which—
(5)
Reregistration in event of change in ownership
Under regulations prescribed by the Secretary, a person (other than a corporation the stock of which is regularly traded on an established securities market) shall be required to reregister under this section if after a transaction (or series of related transactions) more than 50 percent of ownership interests in, or assets of, such person are held by persons other than persons (or persons related thereto) who held more than 50 percent of such interests or assets before the transaction (or series of related transactions).
(b)
Bonds and liens
(1)
In general
Under regulations prescribed by the Secretary, the Secretary may require, as a condition of permitting any person to be registered under subsection (a), that such person—
(B)
agree to the imposition of a lien—
(i)
on such property (or rights to property) of such person used in the trade or business for which the registration is sought, or
(ii)
with the consent of such person, on any other property (or rights to property) of such person as the Secretary determines appropriate.
Rules similar to the rules of section
6323 shall apply to the lien imposed pursuant to this paragraph.
(2)
Release or discharge of lien
If a lien is imposed pursuant to paragraph (1), the Secretary shall issue a certificate of discharge or a release of such lien in connection with a transfer of the property if there is furnished to the Secretary (and accepted by him) a bond in such sum as the Secretary determines appropriate or the transferor agrees to the imposition of a substitute lien under paragraph (1)(B) in such sum as the Secretary determines appropriate. The Secretary shall respond to any request to discharge or release a lien imposed pursuant to paragraph (1) in connection with a transfer of property not later than 90 days after the date the request for such a discharge or release is made.
(d)
Information reporting
The Secretary may require—
(2)
information reporting by such other persons as the Secretary deems necessary to carry out this part.
Any person who is required to report under this subsection and who has 25 or more reportable transactions in a month shall file such report in electronic format.