New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 3 - ALCOHOLIC BEVERAGE TAX ACT- STATE LICENSEES
Subchapter 2 - DESCRIPTION OF TAX, EXEMPTIONS, CREDITS OR REFUNDS
Section 18:3-2.20 - Tax credit and issuance of inventory credit memoranda for returned alcoholic beverages

Universal Citation: NJ Admin Code 18:3-2.20

Current through Register Vol. 56, No. 18, September 16, 2024

(a) A State licensee, receiving returns from a retailer or consumer following a taxable sale, may take a tax credit only for the tax on alcoholic beverages returned to him in sealed containers and then only after issuing the retailer or consumer an inventory credit or a credit memorandum showing the gallonage of the alcoholic beverages returned.

(b) Every State licensee, receiving returns of alcoholic beverages from a customer other than a consumer, is to immediately issue an inventory credit memorandum to the person making the return. Each inventory credit memorandum must show the wine gallons returned in sealed containers, the date when the alcoholic beverages were originally sold, and the date of return. Breweries are to show wine gallons of draught beer returned in sealed containers only.

(c) Returns of alcoholic beverages made by State licensees to the source from which they were received are allowed only to the extent of the gallonage shown by an inventory credit memorandum or a credit memorandum issued by the source and in possession of the State licensee reporting the return.

Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.