Rev. Rul. 63-124
Rev. Rul. 63-124; 1963-2 C.B. 93
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Citations: Rev. Rul. 63-124; 1963-2 C.B. 93
Obsoleted by Rev. Rul. 72-619
Chapter 177:4 of Title XIII, New Hampshire Revised Statutes Annotated, 1955, provides, in part, that the price of liquor sold in state stores shall be sufficient to pay for the cost of the liquor purchased by the State Liquor Commission, plus the operating expenses of the stores, plus a proportionate part of the overhead expenses of the Commission, plus an additional charge; all to be determined by the Commission. Held , the charges added to the cost of liquor pursuant to Chapter 177:4 of the New Hampshire Revised Statutes are a part of the cost of the liquor to the consumer or purchaser and are not deductible as a tax under section 164 of the Internal Revenue Code of 1954.
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