§ 4021. Opening Inventory.
18 CA ADC § 4021Barclays Official California Code of Regulations
Barclays California Code of Regulations
Title 18. Public Revenues
Division 2. California Department of Tax and Fee Administration-- Business Taxes (State Board of Equalization-- Business Taxes, See Ch. 6 and 9.9)
Chapter 9. Cigarette and Tobacco Products Tax Law Regulations (Refs & Annos)
Article 5. Inventories
18 CCR § 4021
§ 4021. Opening Inventory.
Every distributor or wholesaler engaged in the sale of cigarettes shall take a physical inventory of cigarettes on hand as of the time the distributor or wholesaler first engages in the sale of cigarettes as a distributor or wholesaler. A report of a first physical inventory taken shall be filed with the board on or before the 25th day of the calendar month following the calendar month in which the distributor or wholesaler first engages in the sale of cigarettes as a distributor or wholesaler.
Credits
Note: Authority cited: Section 30451, Revenue and Taxation Code. Reference: Sections 30182, 30188, 30453, and 30454, Revenue and Taxation Code.
History
1. Amendment adopting subsection (b) filed 10-10-68; designated effective 11-13-68 (Register 18, No. 38). For prior history see Register 68, No. 13.
2. Amendment of section and Note filed 1-16-2002; operative 2-15-2002 (Register 2002, No. 3).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 18, § 4021, 18 CA ADC § 4021
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