Current through May 31, 2024
Section 19.615 - Standard effective tax rate recordsFor each product to be tax determined using a standard effective tax rate in accordance with § 19.248 , a proprietor must prepare a record of the standard effective tax rate computation showing, for one proof gallon of the finished product, the following information:
(a) The name of the product;(b) The least quantity of each eligible flavor that will be used in the product, in proof gallons, or 0.025 proof gallon, whichever is less;(c) The least quantity of each eligible wine that will be used in the product, in proof gallons;(d) The greatest effective tax rate applicable to the product, calculated in accordance with § 19.246 with the values indicated in paragraphs (a) and (b) of this section; and(e) The date on which the use of the standard effective tax rate commenced.