Form Ct-10r - Cigarette And Tobacco Products Retailers Vt Floor Stock Tax Return - 2011 Page 2
ADVERTISEMENT
1
2Part II
ROLL-YOUR-OWN in stock as of July 1, 2011
(If you have “0” stock, enter “0” on Line 10 and go to Part III. Otherwise, complete Lines 9-11.)
9. Total retail price of roll-your-own in stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.
10. Total ounces of roll-your-own in stock
If Line 9 is $500.00 or less, enter “0”
If Line 9 is $500.01 or more, enter total ounces of roll-your-own in stock . . 10.
11. Total floor stock tax due on roll-your-own (Multiply Line 10 by $0.585) . . . . 11.
Part III
TOTAL FLOOR STOCK TAX DUE
12. Enter amount from Line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.
13. Enter amount from Line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.
14. Total (Add Lines 12 and 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.
15. Discount - If paid by the due date, multiply Line 14 by 2.3%.
Otherwise, enter “0”. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.
16. TOTAL FLOOR STOCK TAX DUE (Subtract Line 15 from Line 14)
Make checks payable to Vermont Department of Taxes . . . . . . . . . . . . . 16.
Part IV
SIGNATURE
Under penalties of perjury, I have examined the above information, and to the best of my knowledge and belief, it is true,
correct, and complete.
Signature
Date
Printed Name
Title
Line-by-Line Instructions
Part I - Cigarettes and Little Cigars
Line 11 – Enter the total floor stock tax on roll-your-own by
multiplying Line 10 x $0.585.
No floor stock tax is due from business entities holding 10,000
or fewer cigarettes and little cigars at 12:01 a.m., July 1, 2011.
Part III - Floor Stock Tax Due
Part II - Roll-Your-Own
Line 12 – Enter the amount from Line 8, the total floor stock
tax due on cigarettes and little cigars.
No tax is due from business entities holding $500.00 or less
Line 13 – Enter the amount from Line 11, the total floor stock
retail price of roll-your-own at 12:01 a.m., July 1, 2011.
tax due on roll-your-own.
Line 9 – Enter the total retail price of roll-your-own in stock
Line 14 – Add lines 12 and 13.
as of 12:01 a.m., July 1, 2011.
Line 15 – Multiply the discount of 2.3% by Line 14 if you
Line 10 – If the retail price on Line 9 is $500.00 or less then
pay the floor stock tax by July 25, 2011. Otherwise, enter “0”.
you do not owe any tax and enter “0”. If the retail price is
$500.01 or more then enter the total number of ounces of
Line 16 – Enter the total floor stock tax due by subtracting
roll-your-own in stock.
Line 15 from Line 14.
Please send completed return to:
Vermont Department of Taxes
PO Box 547
FORM CT-10R
Montpelier, VT 05601-0547
(Rev. 6/11)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial