Cal. Code Regs. tit. 18 § 2530

Current through Register 2024 Notice Reg. No. 49, December 6, 2024

Section 2530 - Inventories

(a) Distilled Spirits. Every distilled spirits taxpayer shall furnish to the board a statement of the gallonage of finished packaged distilled spirits on hand at the end of each month, or other reporting period authorized by the board.

This statement shall be made on the Distilled Spirits Tax Return. Except as provided below, at least two of these statements shall be prepared from semi-annual physical inventories, a detailed record of which must be available at all times for verification by employees of the board. For taxpayers reporting on an annual basis, the statement shall be prepared from the December semi-annual physical inventory. A detailed record of the semi-annual physical inventories must be available at all times for verification by employees of the board.

A distilled spirits taxpayer shall be relieved of the requirement of taking one of the required semi-annual physical inventories upon the filing with the board of a copy of an order of the Federal Alcohol and Tobacco Tax and Trade Bureau (TTB) waiving the taking of such inventory and approving the taxpayer's taking of physical inventories on an annual basis. Said taxpayer may continue to take physical inventories on an annual basis until such waiver is rescinded by the board or by the TTB. The board may rescind the waiver and reimpose the requirement of semi-annual physical inventories if it finds that such semi-annual physical inventories are necessary to law enforcement or protection of the revenue. A distilled spirits taxpayer shall furnish to the board a copy of any order of the TTB affecting the taking of physical inventories by such taxpayer within 10 days of the taxpayer's receipt of such order.

(b) Beer. Every licensed beer manufacturer shall take a physical inventory monthly of bulk and bottled beer in the brewery bottling house in such manner as provided in Title 27, Code of Federal Regulations, Section 25.294 as it reads on April 1, 1989.

(c) Wine. Every licensed wine grower shall take a physical inventory of all wine and distilling material on hand in United States internal revenue bond on June 30th of each year or, if an annual inventory period ending on other than June 30 has been approved by the TTB, then the inventory shall be taken at the end of such annual inventory period.

(d) Supporting Records. All records used in preparing inventories for certification to the board shall be kept at the licensee's premises for verification by employees of the board.

Cal. Code Regs. Tit. 18, § 2530

1. Amendment of subsection(a) filed 8-6-69; effective thirtieth day thereafter (Register 69, No. 32).
2. Amendment of subsection(a) filed 12-26-75; effective thirtieth day thereafter. Note: Filing designates 1-1-76 as effective date (Register 75, No. 52).
3. Amendment of subsection(a) filed 9-6-78; effective thirtieth day thereafter (Register 78, No. 36).
4. Amendment of subsection(a) refiled 9-22-78 to correct Reference citation only; effective thirtieth day thereafter (Register 78, No. 38).
5. Amendment of subsections(b) and (c) filed 7-23-84; effective thirtieth day thereafter (Register 84, No. 30).
6. Amendment of subsections(a) and (b) filed 1-2-90; operative 2-1-90 (Register 90, No.1).
7. Change without regulatory effect amending section and NOTE filed 1-25-2010 pursuant to section 100, title 1, California Code of Regulations (Register 2010, No. 5).

Note: Authority cited: Sections 32152 and 32451, Revenue and Taxation Code. Reference: Sections 32151, 32152, 32201, 32211, 32220 and 32452, Revenue and Taxation Code.

1. Amendment of subsection(a) filed 8-6-69; effective thirtieth day thereafter (Register 69, No. 32).
2. Amendment of subsection(a) filed 12-26-75; effective thirtieth day thereafter. Note: Filing designates 1-1-76 as effective date (Register 75, No. 52).
3. Amendment of subsection(a) filed 9-6-78; effective thirtieth day thereafter (Register 78, No. 36).
4. Amendment of subsection(a) refiled 9-22-78 to correct Reference citation only; effective thirtieth day thereafter (Register 78, No. 38).
5. Amendment of subsections(b) and (c) filed 7-23-84; effective thirtieth day thereafter (Register 84, No. 30).
6. Amendment of subsections(a) and (b) filed 1-2-90; operative 2-1-90 (Register 90, No.1).
7. Change without regulatory effect amending section and Note filed 1-25-2010 pursuant to section 100, title 1, California Code of Regulations (Register 2010, No. 5).