Deadlines For Quarterly Escrow Deposits And Quarterly

CERTIFICATION. (1) Non-Participating Manufacturers must make their quarterly escrow deposits according to the following schedule: (a) Deposits for sales occurring in the first quarter, January 1 through March 31, are due April 30 of the same year. The Non-Participating Manufacturer must file its quarterly certification with the Attorney General no later than May 15 of the same year. (b) Deposits for sales occurring in the second quarter, April 1 through June 30, are due July 31 of the same year. The Non-Participating Manufacturer must file its quarterly certification with the Attorney General no later than August 15 of the same year. (c) Deposits for sales occurring in the third quarter, July 1 through September 30, are due October 31 of the same year. The Non-Participating Manufacturer must file its quarterly certification with the Attorney General no later than November 15 of the same year. (d) Deposits for sales occurring in the fourth quarter, October 1 through December 31, are due January 31 of the next year. The Non-Participating Manufacturer must file its quarterly certification with the Attorney General no later than February 15 of the next year. (2) The quarterly escrow deposits for a given year shall be adjusted by inflation pursuant to the formula specified in the Escrow Fund Act, assuming the minimum inflation rate of three percent (3%) for the year in question. Non-Participating Manufacturers shall make a final reconciliation deposit on or before April 15 of the year following the year in which the Cigarettes are sold in order to account for the actual annual adjustment ECROW FUND ACT COMPLIANCE CHAPTER 1320-9-2 for inflation under the Escrow Fund Act. The final reconciliation deposit shall be included in the Non-Participating Manufacturer’s annual certification, due on or before April 30 of the year following the year in which the Cigarettes are sold.