Minnesota § 297F.15 PHYSICAL INVENTORY; OFFSET

Minnesota Statutes

§ 297F.15 — PHYSICAL INVENTORY; OFFSET

Minnesota § 297F.15

PartEXCISE AND SALES TAXES

Ch. 297FCIGARETTES AND TOBACCO TAXES

This text of Minnesota § 297F.15 (PHYSICAL INVENTORY; OFFSET) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 297F.15 (2026).

Text

Subdivision 1. [Repealed,2005 c 151 art 1 s 117] Subd.

2.[Repealed,2005 c 151 art 1 s 117] Subd.

3.[Repealed,2005 c 151 art 1 s 117] Subd.

4.[Repealed,2005 c 151 art 1 s 117] Subd.

5.[Repealed,2005 c 151 art 1 s 117] Subd.

6.[Repealed,2005 c 151 art 1 s 117] Subd.

7.[Repealed,2005 c 151 art 1 s 117] Subd.

8.[Repealed,2005 c 151 art 1 s 117] Subd. 9.Physical inventory. The commissioner or the commissioner's authorized agents may, as considered necessary, require a cigarette or tobacco products distributor to furnish a physical inventory of all cigarettes or tobacco products in stock. The inventory must contain the information that the commissioner requests and must be certified by an officer of the corporation. Subd. 10.Offset. Upon audit, if a distributor's return reflects

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Subdivision 1.
[Repealed,2005 c 151 art 1 s 117]

Subd. 2.
[Repealed,2005 c 151 art 1 s 117]

Subd. 3.
[Repealed,2005 c 151 art 1 s 117]

Subd. 4.
[Repealed,2005 c 151 art 1 s 117]

Subd. 5.
[Repealed,2005 c 151 art 1 s 117]

Subd. 6.
[Repealed,2005 c 151 art 1 s 117]

Subd. 7.
[Repealed,2005 c 151 art 1 s 117]

Subd. 8.
[Repealed,2005 c 151 art 1 s 117]

Subd. 9.Physical inventory.
The commissioner or the commissioner's authorized agents may, as considered necessary, require a cigarette or tobacco products distributor to furnish a physical inventory of all cigarettes or tobacco products in stock. The inventory must contain the information that the commissioner requests and must be certified by an officer of the corporation.

Subd. 10.Offset.
Upon audit, if a distributor's return reflects an overage resulting from an inventory counting error, the overage shall be offset against a shortage, if any, in the month immediately preceding the month of the overage. If any overage remains after that offset, the remainder may only be offset against a shortage, if any, in the month immediately following the month of the overage. If the commissioner determines that the overage is attributable to a mistake by the distributor other than an inventory counting error, the commissioner may permit the overage to be offset against a shortage in any month or months during the 12-month period immediately following the month when the overage was discovered upon audit.