54:43-4 - Sale of alcoholic beverage warehouse receipts not taxable sales
54:43-4.Ā Sale of alcoholic beverage warehouse receipts not taxable sales
For the purposes of this subtitle, sales of warehouse receipts, given upon the storage of alcoholic beverages in United States Customs or United States Internal Revenue warehouses under Federal bond, shall not be construed as salesĀ of the beverages represented by the receipts, but the tax herein imposed uponĀ the sale or delivery of such beverages, if not paid or the payment thereofĀ secured prior thereto, shall be paid upon the removal of the same from theĀ warehouse, if that shall occur in this State, if not, then upon the firstĀ subsequent sale or delivery of said beverages in this State.
Amended by L.1938, c. 319, p. 802, s. 8.
Ā
For the purposes of this subtitle, sales of warehouse receipts, given upon the storage of alcoholic beverages in United States Customs or United States Internal Revenue warehouses under Federal bond, shall not be construed as salesĀ of the beverages represented by the receipts, but the tax herein imposed uponĀ the sale or delivery of such beverages, if not paid or the payment thereofĀ secured prior thereto, shall be paid upon the removal of the same from theĀ warehouse, if that shall occur in this State, if not, then upon the firstĀ subsequent sale or delivery of said beverages in this State.
Amended by L.1938, c. 319, p. 802, s. 8.
Ā