N.J.A.C. 18:3-2.21 - When Deductions for Tax Credits Are Taken
(a) Deduction for tax credits are taken when:
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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)
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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)
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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.
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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)