What funds may be withdrawn from the account?
The “deposit initiator” may withdraw an amount equal to the refund value for containers redeemed by customers on or after December 1, 2008. Only the refund value itself (typically 5 cents per container) may be withdrawn from the special account. No other deposit initiator expenses, including but not limited to; handling fees paid to retailers; costs for labor; costs for transportation, etc., may be withdrawn from the special account. What reporting will be required? On March 15, 2009, each “deposit initiator” must submit a report to the DEP for the period from December 1, 2008 to February 28, 2009. The DEP shall prepare a report form for use by deposit initiators for this purpose. An electronic version of the reporting form (Deposit Initiators Quarterly Filing Report) is available on the DEPs website at “The Connecticut Bottle Bill”.
The “deposit initiator” may withdraw an amount equal to the refund value for containers redeemed by customers on or after December 1, 2008. Only the refund value itself (typically 5 cents per container) may be withdrawn from the special account. No other deposit initiator expenses, including but not limited to; handling fees paid to retailers; costs for labor; costs for transportation, etc., may be withdrawn from the special account. What reporting will be required? On March 15, 2009, each “deposit initiator” was to submit a report to the DEP for the period from December 1, 2008 to February 28, 2009. (This provision was later changed to have each “deposit initiator” report to the Department of Revenue Services in Public Act 10-25, effective July1, 2010.
