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 18:3-2.21 - When deductions for tax credits are taken
Universal Citation: NJ Admin Code 18:3-2.21
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Deduction for tax credits are taken when:
1. Made by reason of a tax
credit memorandum issued by the Division of Taxation; such deductions are to be made
in accordance with the instructions on the tax credit memorandum. (See
18:3-2.18)
2. Made by the seller by reason of the rescission
or cancellation of a sale, and where the alcoholic beverages if delivered have been
returned; such deductions are to be made with the report filed for the reporting
period in which the alcoholic beverages were actually returned. (See
18:3-2.19)
3. Made by the purchasers by reason of the return
of alcoholic beverages; such deductions are to be made with the report filed for the
reporting period in which the alcoholic beverages were returned to the seller in
accordance with
18:3-2.20.
4. Made by reason of the destruction of alcoholic
beverages under supervision of the Director; such deductions are to be made with the
report filed for the reporting period in which the alcoholic beverages were
destroyed. (See
18:3-2.22)
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.
