Statutes, codes, and regulations
New York Codes, Rules and Regulations
Title 20 - DEPARTMENT OF TAXATION AND FINANCEChapter I - Franchise and Certain Business TaxesSubchapter I - Cigarette Tax, Cigarette Marketing Standards And Tobacco Products TaxArticle 2 - Cigarette Marketing Standards
Part 86 - Determination Of Cost
Section 86.4 - Sales outside of the ordinary channels of trade

N.Y. Comp. Codes R. & Regs. tit. 20 § 86.4

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Current through Register Vol. 46, No. 25, June 18, 2024
Section 86.4 - Sales outside of the ordinary channels of trade

Tax Law, § 486(c)

In establishing the cost of the agent, cost of the CMSA wholesale dealer or cost of the CMSA retail dealer, the invoice cost of cigarettes purchased at a forced bankruptcy, closeout sale or other sale which is outside of the ordinary channels of trade, may not be used as a basis for justifying a price which is lower than one based upon the replacement cost of the cigarettes to the agent, CMSA wholesale dealer or CMSA retail dealer in the quantity last purchased through the ordinary channels of trade.

N.Y. Comp. Codes R. & Regs. Tit. 20 § 86.4