N.J. Admin. Code § 18:3-2.21

Current through Register Vol. 56, No. 24, December 18, 2024

Section 18:3-2.21 - When deductions for tax credits are taken

(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 N.J.A.C. 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 N.J.A.C. 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 N.J.A.C. 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 N.J.A.C. 18:3-2.22)

N.J. Admin. Code § 18:3-2.21

Amended by 48 N.J.R. 282(d), effective 2/16/2016