Title 27
SECTION 46.201
46.201 General.
§ 46.201 General.(a) Date. The dealer must take an inventory to establish the quantities of articles subject to the floor stocks tax held for sale on April 1, 2009. The dealer must take the physical inventory or record (book) inventory not earlier than March 26, 2009 and not later than April 10, 2009.
(b) Reconciliation. If the dealer takes a physical inventory on any day other than April 1, 2009, the resulting records must be reconciled to reflect the actual quantity of articles held at 12:01 a.m. on April 1, 2009. These records must include all supporting records of receipt and disposition.
(c) Method. The dealer may take a physical inventory in accordance with § 46.202 or a record (book) inventory in accordance with § 46.203. The following table lists the taxable articles and the method to use for each to determine quantities:
| Article | Inventory method |
|---|---|
| Small cigarettes | Count the number of cigarettes. |
| Large cigarettes 6 1/2″ or less in length | Count the number of large cigarettes. |
| Large cigarettes more than 6 1/2″ in length | Keep a separate count for each size of large cigarette. Count each 2 3/4″, or fraction thereof, as one small cigarette. |
| Small Cigars | Count the number of small cigars. |
| Snuff | Count the number of packages at each weight, noting the weight in pounds and ounces. Convert the ounces to pounds. |
| Chewing tobacco | Count the number of packages at each weight, noting the weight in pounds and ounces. Convert the ounces to pounds. |
| Pipe tobacco | Count the number of packages at each weight, noting the weight in pounds and ounces. Convert the ounces to pounds. |
| Roll-your-own tobacco | Count the number of packages at each weight, noting the weight in pounds and ounces. Convert the ounces to pounds. |
| Cigarette papers 6 1/2″ or less in length | Count the number of cigarette papers, divide by 50, and round up if there is any remainder. |
| Cigarette papers more than 6 1/2″ in length | Count the number for each size of cigarette paper. Count each 2 3/4″, or fraction thereof, as new cigarette paper. Divide adjusted total by 50 and round up if there is any remainder. |
| Cigarette tubes 6 1/2″ or less in length | Count the number of cigarette tubes, divide by 50, and round up if there is any remainder. |
| Cigarette tubes more than 6 1/2″ in length | Count the number for each size of cigarette tube. Count each 2 3/4″, or fraction thereof, as one cigarette tube. Divide adjusted total by 50 and round up if there is any remainder. |