New Jersey § 56:7-22
Full text of New Jersey New Jersey Statutes § 56:7-22, with citation guidance and answers to common questions.
§ 56:7-22.
a. The term “ cost to the wholesaler ” shall mean the “basic cost of cigarettes” to the wholesaler plus the “cost of doing
business by the wholesaler,” as evidenced by the standards and methods of accounting
regularly employed by him in his allocation of overhead costs and expenses, paid or
incurred, and must include, without limitation, labor costs (including salaries of
executives and officers), rent, depreciation, selling costs, maintenance of equipment,
delivery costs, all types of licenses, taxes, insurance and advertising. b. In the absence of the filing with the director of satisfactory proof of a lesser
or higher cost of doing business by the wholesaler making the sale, the “cost of doing
business by the wholesaler” shall be presumed to be 5.25% of the “basic cost of cigarettes”
to the wholesaler, plus cartage to the retail outlet, if performed or paid for by
the wholesaler, which cartage cost, in the absence of the filing with the director
of satisfactory proof of a lesser or higher cost, shall be deemed to be 3 / 4 of 1% of the “basic cost of cigarettes” to the wholesaler.
Frequently Asked Questions About New Jersey § 56:7-22
What does New Jersey Statutes § 56:7-22 cover?
Section 56:7-22 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 56:7-22?
A common citation format is "New Jersey Statutes § 56:7-22" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 56:7-22 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.