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N.J.S.A. § 54:40A-23.

Records to be kept by taxpayer; inventories

Official textNew Jersey Statutes Annotated (Tax)lis.njleg.state.nj.uslast amended
Summarize

Every taxpayer shall keep complete and accurate records of all sales. The kind and form of such records may be prescribed by the director and all records shall be so kept as to be adequate to enable him to determine the tax liability. The director or any authorized assistant may, during reasonable business hours and without prior notice, make or cause to be made physical inventories and examinations of all cigarettes stamped or unstamped and records in the possession of any taxpayer. All such records shall be safely preserved for a period of 3 years in such a manner to insure their security and accessibility for inspection by the director, supervisor or any authorized assistant engaged in the administration of this act. The director may consent to the destruction of any such records at any time within said period.

L.1948, c. 65, p. 164, s. 504. Amended by L.1968, c. 351, s. 5, eff. Nov. 18, 1968.

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In this chapter (40 sections)
  1. 54:40A-6. · License required in addition to other license
  2. 54:40A-7 · Reports required; penalty required for not filing reports
  3. 54:40A-7.1 · Monthly report produced by director
  4. 54:40A-8 · Tax imposed; rate
  5. 54:40A-9. · Sales to the State and political subdivisions of the State
  6. 54:40A-9.1. · Sales by licensed manufacturers to licensed distributors
  7. 54:40A-10. · Sales exempt from taxes
  8. 54:40A-11 · Director to provide revenue stamps
  9. 54:40A-11.1. · Cost study
  10. 54:40A-12. · Distributors shall not sell stamps; exceptions
  11. 54:40A-13. · Credit sales of revenue stamps
  12. 54:40A-14. · Manner of affixing stamps
  13. 54:40A-15 · Distributors to affix stamps
  14. 54:40A-16 · Nonacceptance of unstamped, illegally stamped cigarettes
  15. 54:40A-17 · Use of stamp metering machine
  16. 54:40A-18. · Sale of stamps to out-of-State distributors
  17. 54:40A-19. · Redemption and refund of stamps
  18. 54:40A-20. · Power of director to administer act
  19. 54:40A-21. · State Tax Uniform Procedure Law applicable
  20. 54:40A-22. · Power to appoint assistants; special agents; powers
  21. 54:40A-23. · Records to be kept by taxpayer; inventories
  22. 54:40A-24 · Penalties; jurisdiction; disposition; costs; expenses
  23. 54:40A-24.1 · Penalty for selling cigarettes not of employer's…
  24. 54:40A-25 · Possessing cigarettes not bearing required revenue stamps
  25. 54:40A-26 · Refusal or failure to produce records
  26. 54:40A-27 · Interfering with administration of the act
  27. 54:40A-28 · Sale of cigarettes without required stamp, violations
  28. 54:40A-28.1 · Possession of cigarettes without proper stamp, violations
  29. 54:40A-29. · Forging or counterfeiting revenue stamps
  30. 54:40A-29.1 · Offenses involving counterfeit cigarettes
  31. 54:40A-30 · Unstamped cigarettes subject to confiscation
  32. 54:40A-32 · Records; possession and transportation of unstamped…
  33. 54:40A-32.1 · Cigarette vending machines, certain circumstances,…
  34. 54:40A-37. · Proceeds of the collection of taxes and license fees to be…
  35. 54:40A-38. · Appropriation for enforcement of act
  36. 54:40A-39. · Appropriation for refund claims
  37. 54:40A-40. · Powers of director upon approval of act
  38. 54:40A-41. · Constitutionality
  39. 54:40A-42. · Repealer
  40. 54:40A-43. · Effective date
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