§ 47.3-5 - Requirements with respect to payment and return for the October 1, 1993, floor stocks tax.

(a) Payment of tax. The October 1, 1993, floor stocks tax is to be paid without assessment or notice on or before November 30, 1993.

(b) Filing of returns—(1) Form 720. Every person liable for the October 1, 1993, floor stocks tax must make a return of the tax on Form 720, Quarterly Federal Excise Tax Return. The return is to be prepared and filed in accordance with the instructions relating to the return.

(2) Time for filing—(i) In general. The Form 720 required by paragraph (b)(1) of this section must be filed on or before November 30, 1993, and is a return for the third calendar quarter of 1993. A first return reporting only the October 1, 1993, floor stocks tax is also a final return and therefore, in accordance with the instructions to Form 720, the box for “final return” must be marked.

(ii) Return reporting other taxes. A person must file only one Form 720 for a quarter. If a person is required under part 40 of this chapter to file Form 720 for the third calendar quarter of 1993 for other excise taxes earlier than November 30, 1993, that person files a single Form 720 for the quarter on or before November 30, 1993. This paragraph (b)(2)(ii) does not extend the time for making deposits or paying any excise tax.