54:43-4 - Sale of alcoholic beverage warehouse receipts not taxable sales - New Jersey Statutes

54:43-4.  Sale of alcoholic beverage warehouse receipts not taxable sales
    For the purposes of this subtitle, sales of warehouse receipts, given upon the storage of alcoholic beverages in United States Customs or United States Internal Revenue warehouses under Federal bond, shall not be construed as sales  of the beverages represented by the receipts, but the tax herein imposed upon  the sale or delivery of such beverages, if not paid or the payment thereof  secured prior thereto, shall be paid upon the removal of the same from the  warehouse, if that shall occur in this State, if not, then upon the first  subsequent sale or delivery of said beverages in this State.

     Amended by L.1938, c. 319, p. 802, s. 8.