Please Note: This article is provided for information purposes only. Please consult your tax expert to ensure compliance with all state tax regulations.
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: