N.J. Admin. Code § 18:18-4.2

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

Section 18:18-4.2 - Retail dealer records required

(a) Every retail dealer purchasing fuel, taxable under the Act, is required to maintain and keep for a period of four years, a record of fuel received and sold which shall include pump meter readings, the amount of tax paid by the supplier, distributor, or terminal operator as part of the purchase price, together with delivery tickets, totalizer readings, invoices, bills of lading, monthly physical inventories, and such other records as the Director may require.

(b) Daily record; preserving.

1. Every retail dealer is required to keep a daily record which shall include pump meter readings showing the total amount of fuel sold on each business day;

2. Such records are required to be preserved for a period of four years and to be open for inspection by the Director or any of his or her assistants at all times. (See N.J.A.C. 18:19-4.1 for additional required records.)

(c) Failure to comply with the requirements of this section is grounds for revocation or suspension of the retail dealer's license, at the Director's discretion.

N.J. Admin. Code § 18:18-4.2

Amended by 49 N.J.R. 2805(c), effective 8/21/2017

Amended by 56 N.J.R. 2338(a), effective 12/16/2024