Form 610f - Other Tobacco Products (Otp)- Floor Tax Return Retailers And Tobacconists - 2012 Page 2
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1
2OTHER TOBACCO PRODUCTS (OTP)
FORM
610F
FLOOR TAX RETURN RETAILERS AND
TOBACCONISTS INSTRUCTIONS
2012
Mail your payment and this tax return by October
D. For each type of OTP, multiply the Total Net
15, 2012 in the return envelope provided to
Invoice by the additional tax amount. Enter the
Comptroller of Maryland
results in the corresponding Tax Due column.
Alcohol & Tobacco Tax
Add lines 1 through 6 of the Tax Due Column
P.O. Box 2999
and enter sum on line 7. Add lines 8 through 13
Annapolis, Maryland 21404-2999.
of the Tax Due Column and enter sum on line
14. Total lines 7 and 14. Place sum in line 15.
Instructions
This is your TOTAL TAX DUE.
A. Conduct an inventory of all OTP product types
E. Make your check or money order payable to the
on hand, excluding Premium Cigars, as of 12:01
“Comptroller of Maryland”. (No Cash, please)
a.m. on July 01, 2012. We suggest you make a
F. Questions? Visit us at
copy for your records and retain for inspection
com, contact Taxpayer Service at 410-260-
by agents of the Comptroller’s Office.
7980, Toll-free 1-800-638-2937, or taxhelp@
B. In Section A, enter the sum of all invoices of
comp.state.md.us
remaining inventory for OTP purchased from
G. Address corrections should be noted on the
a manufacturer in each category, as of July
front of the return.
01, 2012, under the column marked Total Net
Invoice Amount.
NOTE: 1. OTP floor tax return can be filed
C. In Section B, enter the sum of all invoices of
anytime after July 01, 2012, but
remaining inventory for OTP purchased from
must be submitted no later than
a wholesaler in each category, as of July 01,
October 15, 2012. Any OTP not
2012, under the column marked Total Net
accounted
for
in
accordance
Invoice Amount.
with
the
above
would
be
1. Cigars purchased from a wholesaler were
considered
contraband
and
taxed at 15%. The new tax rate is 70%, with
subject to confiscation.
a difference of 55%.
Taking into account
2. The 15% tax rate on products
the estimated markup percentage on the
purchased from a manufacturer
wholesale price (6.67%), the difference in the
after April 1, 2012 is due with
tax rate on floor stock is therefore 51.33%.
the 2nd quarter OTP tax return.
NOTE: If you know the actual wholesale price
of the remaining cigars in your floor stock,
you may use that price to calculate your tax
due.
Please include any documentation of
the actual wholesale price with your return.
2.
All other OTP (excluding Premium Cigars)
purchased from a wholesaler was taxed
at 15%. The new tax rate is 30%, with a
difference of 15%.
Taking into account
the estimated markup percentage on the
wholesale price (6.67%), the difference in
the tax rate on floor stock is therefore 14%.
NOTE: If you know the actual wholesale price
of the remaining OTP in your floor stock you
may use that price to calculate your tax due.
Please include any documentation of the
actual wholesale price with your return.
COM/ATT-610-4
Rev. 06/12
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