Who is the deposit initiator?
A deposit initiator is the first bottler, distributor, dealer or agent to collect the refund value (deposit) on a beverage container sold in New York State. The 2009 amendments allow for some options as to who may be the initiator. The deposit initiator may be: A bottler of beverages; A distributor of beverages in a beverage containers with an established refund value, if such distributor did not directly or indirectly purchase the container from a registered deposit initiator; A dealer who sells or offers for sale a beverage in a beverage container, if such dealer did not directly or indirectly purchase the container from a registered deposit initiator; or An agent acting on behalf of a registered deposit initiator. ** No one may sell a beverage container in NY unless the deposit on the beverage container is or has been collected by a registered deposit initiator. It does not matter which entity (bottler, distributor, dealer, agent) actually initiates the deposit, as long as it is ini
Related Questions
- May a deposit initiator use the Taxpayer Service Center (TSC) to file a Beverage Container Deposit Report for a quarter ending before September 30, 2010?
- Must every deposit initiator maintain a separate bank account for Connecticut bottle deposits?
- What records must be kept by a deposit initiator concerning the special account?
