2014 Kentucky Revised Statutes CHAPTER 138 - EXCISE TAXES 138.135 Manufacturers to report all shipments of tobacco products into or within state -- Records to be kept by licensed distributors, retail distributors, and retailers of tobacco products.
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138.135 Manufacturers to report all shipments of tobacco products into or
within state -- Records to be kept by licensed distributors, retail
distributors, and retailers of tobacco products.
(1)
(2)
(3)
(4)
(a)
Every manufacturer, whether located in this state or outside this state,
that ships tobacco products to a distributor, retailer, retail distributor, or
any other person located in this state shall file a report with the
department on or before the twentieth day of each month identifying all
such shipments made by the manufacturer during the preceding month.
The department, within its discretion, may allow a manufacturer to file the
report for periods other than monthly.
(b) The reports shall identify:
1.
The names and addresses of the persons in this state to whom the
shipments were made;
2.
The quantities of tobacco products shipped, by type of product and
brand; and
3.
Any other information the department may require.
Each licensed distributor and each licensed retail distributor shall keep in each
licensed place of business complete and accurate records for that place of
business, including:
(a) Itemized invoices of:
1.
Tobacco products purchased, manufactured, imported, or caused to
be imported into this state from outside this state, or shipped or
transported to other distributors or retailers in this state or outside
this state, including type of product and brand;
2.
All sales of tobacco products, including sales of tobacco products
manufactured or produced in this state, including type of product
and brand; and
3.
All tobacco products transferred to retail outlets owned or controlled
by the licensed distributor, including type of product and brand; and
(b) Any other records required by the department.
Each retailer of tobacco products shall keep complete and accurate records of
all purchases of tobacco products, including invoices that identify:
(a) The distributor's name and address;
(b) The name, quantity, and purchase price of the product purchased;
(c) The license number of the distributor licensed under KRS 138.195(7);
and
(d) The excise tax as required by KRS 138.140(4)(d)3.
All books, records, invoices, and documents required by this section shall be
preserved, in a form prescribed by the department, for not less than four (4)
years from the making of the records unless the department authorizes, in
writing, the destruction of the records.
Effective:July 1, 2013
History: Created 2013 Ky. Acts ch. 97, sec. 4, effective July 1, 2013.
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