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Business Taxes Law Guide—Revision 2024
Cigarette and Tobacco Products Tax Regulations
Title 18. Public Revenues
Division 2. California Department of Tax and Fee Administration — Business Taxes (State Board of Equalization — Business Taxes — See Chapters 6 and 9.9)
Chapter 9. Cigarette and Tobacco Products Tax Law Regulations
Article 5. Inventories
Regulation 4021
Regulation 4021. Opening Inventory.
Reference: Sections 30182, 30188, 30453, and 30454, Revenue and Taxation Code.
Every distributor or wholesaler engaged in the sale of cigarettes shall take a physical inventory of cigarettes on hand as of the time the distributor or wholesaler first engages in the sale of cigarettes as a distributor or wholesaler. A report of a first physical inventory taken shall be filed with the board on or before the 25th day of the calendar month following the calendar month in which the distributor or wholesaler first engages in the sale of cigarettes as a distributor or wholesaler.
History—Adopted June 24, 1959.
Amended October 10, 1968, effective November 13, 1968.
Amended September 26, 2001, effective February 15, 2002. Deleted subdivision (b), which related to wholesalers, and "distributor or wholesaler" to remaining paragraph.