Section 2550 - Destruction and Unaccounted for Losses of Distilled Spirits(a) Unintentional Destruction. The term "unintentional destruction" shall mean destruction of distilled spirits by fire, earthquake, floods, breakage in transit, accident, or by any other cause, when the exact quantity destroyed is known. Claims for loss by unintentional destruction must be filed with the Board in Sacramento immediately following the close of business on the last day of the month in which the loss is discovered. The claim must state under oath of the licensee that the distilled spirits were so damaged that they could not be used for any purpose. Proof of loss satisfactory to the Board in the form of paid insurance or carrier claims, must be retained on the taxpayer's premises for verification.(b) Unaccounted For Losses. Unaccounted for losses shall include all other losses disclosed by physical inventory due to pilferage, handling, etc. The allowable tolerance for unaccounted for losses of distilled spirits acquired by any distilled spirits taxpayer shall not exceed one-tenth of one percent of the total sales of the distilled spirits. In the case of distilled spirits taxpayer who holds licenses for two or more premises, the tolerance allowed by this rule shall be computed and applied separately to the transactions for each premises, unless the Board has granted the taxpayer permission to file a consolidated tax return.Cal. Code Regs. Tit. 18, § 2550
1. Amendment filed 8-6-69; effective thirtieth day thereafter (Register 69, No. 32).
2. Amendment filed 1-20-78; effective thirtieth day thereafter (Register 78, No. 3).
3. Amendment of section heading and section filed 11-29-95; operative 12-29-95 (Register 95, No. 48). Note: Authority cited: Section 32451, Revenue and Taxation Code. Reference: Section 32211, Revenue and Taxation Code.
1. Amendment filed 8-6-69; effective thirtieth day thereafter (Register 69, No. 32).
2. Amendment filed 1-20-78; effective thirtieth day thereafter (Register 78, No. 3).
3. Amendment of section heading and section filed 11-29-95; operative 12-29-95 (Register 95, No. 48).