California Code of Regulations › Title 18 - Public Revenues › Division 2 - California Department of Tax and Fee Administration- Business Taxes (State Board of Equalization- Business Taxes, See Ch. 6 and 9.9) › Chapter 6 - State Board of Equalization - Alcoholic Beverage Tax › Article 3 - Inventories › Section 2530 - Inventories

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(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					 until such waiver is rescinded by the board or by the TTB.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.
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.