Form R-12 Schedule H Beverage Tax - New Jersey

What Is Form R-12 Schedule H?

This is a legal form that was released by the New Jersey Department of the Treasury - a government authority operating within New Jersey. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form R-12 Schedule H Beverage Tax?
A: Form R-12 Schedule H Beverage Tax is a tax form used in New Jersey to report and pay the tax on certain beverages.

Q: Who needs to file Form R-12 Schedule H Beverage Tax?
A: Businesses that sell, distribute, or manufacture certain beverages in New Jersey need to file Form R-12 Schedule H Beverage Tax.

Q: What types of beverages are subject to the tax?
A: The tax applies to carbonated soft drinks, diet soft drinks, noncarbonated flavored beverages, and noncarbonated sports drinks.

Q: What is the tax rate for these beverages?
A: The tax rate is 1.5 cents per fluid ounce.

Q: When is the deadline to file Form R-12 Schedule H Beverage Tax?
A: Form R-12 Schedule H Beverage Tax is due on a quarterly basis, with due dates falling on the last day of April, July, October, and January.

Q: Are there any exemptions or deductions available?
A: There are no exemptions or deductions available for this tax.

Q: Is electronic filing available for Form R-12 Schedule H Beverage Tax?
A: Yes, businesses can file the form electronically.

Q: What are the consequences of not filing or paying the tax?
A: Failure to file or pay the tax may result in penalties, interest, and other enforcement actions by the New Jersey Division of Taxation.