Losses from a "major disaster" as defined in G.S. 105‑113.81(a) shall be verified by an agent of the Department of Revenue and Form B‑C‑750 must be completed "before" they can be claimed by the wholesaler or importer on his monthly report.  Several small disasters cannot be accumulated and then classified as a major disaster.  A major disaster shall be classified as one event only in which such loss occurs, and not an accumulation of events.  Any missing beverage inventory which cannot be classified as a major disaster shall be considered as beer or wine sold and subject to the excise tax accordingly, unless otherwise provided.


History Note:        Authority G.S. 105‑113.81; 105‑262;

Eff. February 1, 1976;

Amended Eff. April 1, 1986; October 30, 1981.