Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2011
 

Alcoholic Beverage Tax Law

CHAPTER 5.5. SURTAX ON BEER, WINE, AND DISTILLED SPIRITS.1

Article 1. Imposition of Tax

Section 32221

32221. Floor stock taxes. Except with respect to beer and wine in the internal revenue bonded premises of a manufacturer, and except with respect to distilled spirits in the possession of a distilled spirits manufacturer, distilled spirits manufacturer's agent, brandy manufacturer, rectifier, wholesaler, or common carrier licensed to sell distilled spirits on board boats, trains, and airplanes, floor stock taxes are hereby imposed in amounts equal to the surtaxes imposed by Section 32220 upon all alcoholic beverages upon which the surtaxes have not been paid, that are in the possession or under the control of every person licensed under Division 9 (commencing with Section 23000) of the Business and Professions Code at 2:01 a.m. on July 15, 1991. On or before August 31, 1991, each person subject to the tax imposed by this section shall prepare and file with the State Board of Equalization, on a form prescribed by the board, a return showing the amount of units of beer, wine, sparkling hard cider, and distilled spirits possessed by him or her at 2:01 a.m. on July 15, 1991, that are subject to the tax imposed by this section, and any other information the board deems necessary for the proper administration of this chapter. The tax payer shall deliver the return, together with a remittance of the amount of tax due, to the office of the board on or before August 31, 1991.

History.—Stats. 1991, Ch. 88, in effect June 30, 1991, substituted "15" for "1" after "July" in the first and second sentences.

1Chapter 5.5 was added by Stats. 1991, Ch. 86, in effect June 30, 1991.