Please Note: This article is provided for information purposes only. Please consult your tax expert to ensure compliance with all state tax regulations.
PLEASE NOTE: For new clients that onboarded Treez after 2022 and imported existing inventory from a previous POS, the invoice excise tax in Treez may not reflect the accurate historical excise tax on inventory purchased before 2023 unless this was included in the inventory import when working with the Treez implementation specialist.
How do I ensure I am not paying double excise tax with the new CA tax law?
You can claim a credit on your return for any excise tax paid to a distributor before Jan 1, for products sold after Jan 1, 2023.
Please familiarize yourself with the guidance from CDTFA: https://www.youtube.com/watch?v=xer0BBH8ZTE
Treez can help you calculate how much excise tax credit can be claimed based on inventory purchased with excise tax paid to distributors prior to 2023 and sold in 2023: