Instructions for Form PPT-D2-INV Floor Stocks Inventory Report for Petroleum Products Gross Receipts Tax - New Jersey

Instructions for Form PPT-D2-INV Floor Stocks Inventory Report for Petroleum Products Gross Receipts Tax - New Jersey

This document contains official instructions for Form PPT-D2-INV , Floor Stocks Gross Receipts Tax - a form released and collected by the New Jersey Department of the Treasury.

FAQ

Q: What is Form PPT-D2-INV?
A: Form PPT-D2-INV is the Floor Stocks Inventory Report for Petroleum Products Gross Receipts Tax in New Jersey.

Q: Who needs to file Form PPT-D2-INV?
A: Businesses that store or have possession of untaxed petroleum products in New Jersey are required to file Form PPT-D2-INV.

Q: What is the purpose of Form PPT-D2-INV?
A: Form PPT-D2-INV is used to report the inventory of petroleum products subject to the Gross Receipts Tax in New Jersey.

Q: When should Form PPT-D2-INV be filed?
A: Form PPT-D2-INV should be filed annually by April 30th.

Q: What information is required on Form PPT-D2-INV?
A: Form PPT-D2-INV requires the reporting of the quantity and types of petroleum products held in inventory as of the last day of the tax year.

Q: Are there any penalties for not filing Form PPT-D2-INV?
A: Yes, failure to file Form PPT-D2-INV or filing it late may result in penalties and interest charges.

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Instruction Details:

  • This 1-page document is available for download in PDF;
  • Actual and applicable for the current year;
  • Complete, printable, and free.

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