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. 6, March 18, 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.
