Form Cft-160 - Cigarette Floor Tax-Distributors Installment Payment

Form Cft-160 - Cigarette Floor Tax-Distributors Installment Payment - 2009

TATE OF

ERSEY

EPARTMENT OF THE

REASURY

IVISION OF

AXATION

PO BOX 269

, NJ

RENTON

08695-0269

July 10, 2009

NOTICE TO CIGARETTE DISTRIBUTORS

Recently, a Cigarette Floor Tax Return was mailed to each Licensed Cigarette Distributor, both resident

and non-resident, which required an additional tax be paid in full on all inventory by September 1, 2009.

This additional tax created a need for each distributor to increase the amount of the surety bond posted,

which puts an additional burden on the industry. Pursuant to the authority in N.J.S.A. 54:32B-17(b), the

Division’s Acting Director has agreed to allow all Licensed Cigarette Distributors to remit the cigarette

floor tax on an installment basis.

Licensed Cigarette Distributors may remit the floor tax in two (2) installment payments, each consisting

of 50% of the total tax due as reported on line 5 of the Cigarette Floor Tax return. The first installment is

due on September 1, 2009, and must be mailed together with the recently issued Cigarette Floor Tax

Return and corresponding payment voucher in the envelope provided. If needed, the Cigarette Floor Tax

return may be obtained by accessing the Division of Taxation Web site at

The subsequent payment which is the balance of the total tax due, is due on November 1, 2009. Both the

voucher and the subsequent payment should be mailed to the New Jersey Division of Taxation, Cigarette

Floor Tax Unit, PO Box 187, Trenton, NJ 08695-0187.

The following worksheet is provided to assist you in computing the amounts of installment payments due,

as well as to record the dates these payments were made.

INSTALLMENT CALCULATION

(Keep For Your Records – Do Not File)

Amount

Date Paid

Total Tax Due (Line 5 – Floor Tax Return)

Voucher 1 Due 09-01-09 (enter 50% of Total Tax Due)

Voucher 2 Due 11-01-09 (enter 50% of Total Tax Due)

New Jersey Is An Equal Opportunity Employer • Printed on Recycled and Recyclable Paper

Form Cft-160 - Cigarette Floor Tax-Distributors Installment Payment - 2009