N.J. Admin. Code § 18:24-34.5

Current through Register Vol. 56, No. 11, June 3, 2024

Section 18:24-34.5 - Armored car services

(a) Taxable receipts for armored car services include miscellaneous service charges, such as:

1. Armored transportation - delivery and pick up of coin and currency;

2. Excess bin charges;

3. Excess bag charges;

4. Excess skid charges;

5. Emergency armored delivery of unscheduled trips; or

6. Federal Reserve trips.

(b) An armored car service provider may charge separately for armored car services and cash management services.

(c) Separately stated, commercially reasonable charges for cash management services are not taxable.

1. Examples of cash management services include:

i. ATM cassette preparation. Unloading an ATM's cassette, verifying, counting currency, placing cash into the empty ATM cassette, reloading and sealing it;

ii. Change order preparation. Preparing coin and currency for delivery to the location of the purchaser of the service;

iii. Currency verification. Counting inbound and outbound currency to verify cash amounts;

iv. Deposit processing. Counting, verifying, and consolidating (wrapping, banding, and rolling) customer deposits; and

v. Envelope processing. Verifying commercial drop envelope deposits, counting currency, coin, and checks, and consolidating (wrapping, banding, and rolling currency and coin) for deposit.

(d) Charges for armored car services are sourced as follows: If the armored car service is performed entirely within New Jersey, it is subject to sales tax. If the service is not performed entirely within this State, then the service is sourced to the jurisdiction in which the purchaser of the service is located. Thus, if the location of the purchaser of the service is in New Jersey, regardless of whether goods are picked up or delivered to that location, the service is subject to sales tax.

N.J. Admin. Code § 18:24-34.5

Amended by 48 N.J.R. 824(a), effective 5/16/2016