N.J. Admin. Code § 18:3-2.19

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

Section 18:3-2.19 - Cancellation of sale; tax credit

(a) Where a sale has been rescinded or cancelled and the alcoholic beverages, if delivered, have been returned, the taxpayer is entitled to a credit for the amount of the tax which would have accrued had the sale not been rescinded or cancelled.

(b) If the tax has already been paid to the Director, the credit is applied against any present or future liability of the taxpayer, and if there be no such liability the taxpayer is entitled to a refund of the tax paid, unless the taxpayer is indebted to the State of New Jersey for taxes, penalties or interest which have accrued under any other statute imposing a tax payable to or collectible by the Director.