Tax Rules: Final: 5703-15
5703-15-16 - Cigarette wholesaler
inventories and inventory returns
(A) The department of taxation may conduct an inventory of a
licensed cigarette wholesale dealer's stock of cigarettes,
cigarette tax stamps, meter impressions, and other means of
identification, at any time during regular business hours. A
copy of the inventory findings shall be left with the
wholesale dealer or the dealer's authorized agent or
employee.
(B) In addition to the return required by section 5743.03 of
the Revised Code, each licensed cigarette wholesale dealer,
whose stock has been the subject of an inventory conducted by
the department of taxation, shall file with the department of
taxation a return showing the dealer's entire purchases and
sales of cigarettes, tax stamps, meter impressions, and other
means of identification, together with any other information
requested by the tax commissioner, for the period from the
last day covered by the dealer's preceding tax return through
the day on which the inventory was conducted. The return
shall be made on a form prescribed by the commissioner which
shall be delivered to the dealer at the same time as the
inventory report. The return shall be filed on or before the
thirty-first day after the inventory is conducted. When an
inventory return has been filed pursuant to this paragraph,
the dealer's next return required by section 5743.03 of the
Revised Code, shall report the purchases and sales for the
period from the day after the inventory to the end of the
semiannual period.
(C) Remittance of any tax deficiency shall be made with the
inventory return required by paragraph (B) of this rule.
Failure to file the return shall subject the wholesale dealer
to the same penalties mandated by section 5743.03 of the
Revised Code for failure to file the return required by that
section.
Effective: 9-17-04
Promulgated under: 5703.14
Amplifies: 5703.14, 5743.03, 5743.14
Prior effective dates: 10-28-83