West Virginia Code of State Rules
Agency 110 - Tax
Title 110 - LEGISLATIVE RULE STATE TAX DEPARTMENT
Series 110-17A - Tobacco Products Excise Tax On Floorstocks
Section 110-17A-3 - Payment of Tobacco Products Excise Tax on Floorstocks and Tax Stamps

Universal Citation: 110 WV Code of State Rules 110-17A-3

Current through Register Vol. XLI, No. 38, September 20, 2024

3.1. Every wholesaler, subjobber, subjobber dealer, retail dealer and vending machine operator who, on May 1, 2003, has, on hand or in inventory, any cigarettes or cigarette tax stamps upon which the Tobacco Products Excise Tax or any portion of that Tax has been previously paid, shall on that date take a physical inventory of the cigarettes or cigarette tax stamps.

3.2. Within thirty days after taking the inventory required by the foregoing subsection 3.1, the wholesaler, subjobber, subjobber dealer, retail dealer and vending machine operator shall file a report of the inventory in the format required with the Tax Commissioner.

3.3. Every wholesaler, subjobber, subjobber dealer, retail dealer and vending machine operator that files the report required by the foregoing subsection 3.2 and that is required to pay additional Tobacco Products Excise Tax shall pay to the Tax Commissioner any additional Tobacco Products Excise Tax due in accordance with the following schedule;

3.3.1. one-third of the additional Tobacco Products Excise Tax at the time of filing the inventory report;

3.3.2. one-third of the additional Tobacco Products Excise Tax no later than June 30, 2003; and

3.3.3. one-third of the additional Tobacco Products Excise Tax no later than July 30, 2003.

3.4. Every wholesaler, subjobber, subjobber dealer, retail dealer and vending machine operator that files the report required by the foregoing subsection 3.2 and that is required to pay additional Tobacco Products Excise Tax shall be deemed to be in compliance with the requirements of W. Va. Code § 11-17-4 if payment of any additional tax due is made in one payment no later than July 30, 2003.

3.5. The payments as described in the foregoing 3.3 and a single payment of the additional tax as described in the foregoing subsection 3.4 shall qualify for the 4% discount authorized by W. Va. Code § 11-17-4.

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