Form Alc 50007 - Low Point Beer Excise Tax Return Page 2
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2Form ALC 50007 - Page 2
Instructions for Oklahoma Low Point Beer
Excise Tax Return
All Wholesalers:
Remittance and credits are subject to final audit. Credits will be disallowed without the proper documentation.
You are required to file the return each calendar month even if there are no transactions. Returns that do not
include all information requested on the prescribed forms will not constitute the mandatory return and will be
regarded as delinquent.
Complete all requested information regarding your wholesale company, including your FEIN or SSN, month and
year of report and your Oklahoma Low Point Wholesale Beverage License number.
Line Rules:
1. Enter the beginning inventory of barrels of “Low Point” beer available.
2. List all purchases during this report period of beer products on Invoice Data Table and attach a copy of each purchase
invoice. Insert the totals of the beer purchased on line 2 of this form.
3. Add lines 1, (Stock on Hand Beginning of Month) and 2, (Receipts of stock during the month) and enter on line 3,
Total Stock on hand and received.
4. If you have deductions from your total receipts of beer products, insert totals into the appropriate lines on this form.
Deduction Type
Attachment Required
Line 4a)
Sale to Wholesaler/Distributors
Copy of Invoice
Line 4b)
Government Sales
Copy of Invoice
Line 4c)
Breakage and Leakers
Attach Form ALC 50014
5. Add lines 4a, 4b and 4c and insert total on line 5 Total Deductions.
6. Enter the ending inventory on line 6, Stock on hand at close of month.
7. Subtract lines 5 and 6 from line 3 and enter on line 7, Net Taxable Sales.
8. Multiply line 7 (Net Taxable Sales) by $11.25 and enter on line 8, Oklahoma Excise Tax Due.
9. Multiply line 8 (Oklahoma Excise Tax) by 0.1% and enter on line 9, Discount.
10. Add 0.04% of line 8 (Oklahoma Excise Tax) each day of late filing for interest and enter on line 10, Interest.
11. Add 10% of line 8 (Oklahoma Excise Tax) if your report is more than 30 days delinquent and enter on line 11, Penalty.
12. Add lines 8, 10, 11 and subtract 9 enter on line 12, Total Due.
Sign and date this form and mail no later than the 10th of the month succeeding the report period to:
Oklahoma Tax Commission
2501 North Lincoln Boulevard
Oklahoma City, OK 73194
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