What happens to the unclaimed deposits from containers that are not returned? Previously, all unclaimed deposits were kept by the beer and soda distributors who initiated the deposits on beverage containers. The 2009 amendments require that 80% of the unclaimed deposits be remitted to the NYS Department of Taxation and Finance on a quarterly basis. Further information can be found on their website at: http://www.tax.ny.gov/bus/bev/bevcnt.htm
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
New York State's Returnable Container Act requires every deposit initiator to collect a $.05 deposit on beverage containers containing less than one gallon of carbonated soft drinks, beer, malt beverages, wine coolers or water, sold in New York.
Deposit initiator
A deposit initiator is the first bottler, distributor, dealer or agent to collect the deposit on a beverage container sold in New York State. You're a deposit initiator if you:
Bottle beverages in beverage containers with an established deposit. Distribute beverages in beverage containers with an established deposit and you did not purchase the containers from a registered deposit initiator. Sell beverages in beverage containers and you did not purchase the containers from a registered deposit initiator. Act as an agent on behalf of a registered deposit initiator. Requirements for deposit initiators:
If you're a deposit initiator you must:
Register online as a deposit initiator before you make any sales Establish a refund value account Keep track of all deposits that you collect File quarterly reports and remit 80% of unclaimed deposits to the Tax Department online Your refund value account
You must establish a refund value account to hold the deposits for all beverage containers you sell and to reimburse customers on beverage containers they redeem. You will use this account to supply your filing information for each quarter and to transfer unclaimed deposits to the Tax Department.
To calculate the refund value account balance at the close of the quarter:
The beginning balance in your refund value account at the start of the quarter should be zero, and your closing balance at the end of each quarter should equal (A + B) - (C + D).
A. Deposits received during the quarter B. Interest credited to the account during the quarter C. Deposits paid out during the quarter for containers redeemed D. Service charges charged to the account
At the end of the quarter, you must pay 80% of the balance in your account to the Tax Department. You can withdraw the deposit amounts redeemed by customers during the quarter. You can also withdraw the remaining 20% for your own use to reduce your account balance to zero. You may not use the refund value account to pay the handling charges authorized by law.
How to register and file electronically
You must register and file returns online. Create an Online Services account if you haven't already done so. Once you have an account, follow the step-by-step beverage container deposit initiator online registration instructions. You cannot register or file using paper forms.
Once you've registered, log in to Online Services to electronically file and make a payment within 20 days after the end of each quarter. See Beverage Container Web File - Helpful Information.
Reporting periods and due dates
Quarter Due Date March 1 - May 31 June 20 June 1 - August 31 September 20 September 1 - November 30 December 20 December 1 - February 28 (29) March 20 Claiming a refund
If you made an error on your quarterly report and it results in an overpayment:
electronically file an amended report for that quarter, and use paper Form MT-230, Claim for Refund of Beverage Deposits and mail it to the Tax Department to obtain your refund. If you paid out more in redemptions than you collected in deposits during a quarter:
use paper Form MT-230, Claim for Refund of Beverage Deposits and mail it to the Tax Department to be reimbursed for that quarter. See helpful information for refund claims for a list of documentation that you need to submit to support your claim.
For more information
TSB-M-09(8.2)M, Federal Court Lifts Injunction Related to Beverage Containers for Water TSB-M-09(8.1)M, Federal Court Modifies Injunction, Authorizing New York State to Implement Major Portions of Amendments to Returnable Container Act (Bottle Bill) - Revised TSB-M-09(2), Registration and Filing Responsibilities for Beverage Container Deposit Initiators New York's Bottle Bill Returnable Container Act
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
I agree with the July 12 editorial regarding the scavenging laws, as it relates to humanitarian, enforcement and environmental issues. I have lived in Schenectady for 25 years, and have had people “scavenge” my trash the entire time. With very few exceptions, they have not made a mess or disturbed me in any way. In fact, we try to leave anything usable, such as metal or furniture, out in the open so it is easily spotted by the scavengers. If someone can use anything I no longer need, or can make a few dollars selling it, I say, “God bless them.” This is also the reason I joined a local website called SchenectadyNYReUseIt.com. (Membership is free.) This is a wonderful resource where members can post items that they no longer need or want, but are still usable, and others can request them. It keeps a lot of stuff out of the landfill, thereby saving the city money on dumping fees. And it saves people money as well. If you don’t want people “scavenging” your trash, you might consider joining. Personally, I don’t mind either option; I’m glad someone can use my no-longer-needed things.
The city must stop the scavenging, those people need to be on food stamps, welfare, unemployment, or some other govt program to stop them from trying to make a few bucks.
The city must stop the scavenging, those people need to be on food stamps, welfare, unemployment, or some other govt program to stop them from trying to make a few bucks.
The City just wants a monopoly on the Scavenging. They actually think the extra income from the little bit of metal they get will more than make up for the increase in headcount and employee benefits full enforcement of this program would create. Incompetent again!
Life is tough, but it's tougher when you're stupid - John Wayne
TIP TO NEW VISITORS TO THIS FORUM - To improve your blogging pleasure it is recommended to ignore (Through editing your prefere) the posts of the following bloggers - DemocraticVoiceofReason, Scotsgod08 and Smoking Bananas. They continually go off topic, do not provide facts and make irrational remarks. If you do not believe me, this can be proven by their reputation scores or by a sampling of their posts.
You would never know the city is collapsing as they speak.
City by City, the national economy is collapsing. There are no more political solutions. The political system will be next. Salvage will actually be a new industry as we disassemble America's vacant old industry.
The city must stop the scavenging, those people need to be on food stamps, welfare, unemployment, or some other govt program to stop them from trying to make a few bucks.
In the end, it just makes me think, who at the city level is getting the proceeds that they come up with through this? I mean, is the money returned to the city's coffers once the items are recycled, or are the employees personally recycling the items for additional income? Is there a line on the income side of the budget for what the city expects to bring in this way? Has there ever been?
The City just wants a monopoly on the Scavenging. They actually think the extra income from the little bit of metal they get will more than make up for the increase in headcount and employee benefits full enforcement of this program would create. Incompetent again!
Keep the DEM implosion going! Mayor McCheese should drive around at 3AM {when according to the joke Gazetto he is working on City business -lol} in his new Mercedes and arrest those picking though City bins. Thank God they elected a self proclaimed "law enforcement expert" to get them out of the DEM fiscal collapse.
thanks, but what about the one quoted in the story?
Does that bring up this website for anyone else? it just seems strange to me
my guess is the person neglected to mention that the site quoted was indeed a yahoo group...................google it and the yahoo group is the first link returned
my guess is the person neglected to mention that the site quoted was indeed a yahoo group...................google it and the yahoo group is the first link returned
so maybe the gazette printed it incorrectly also I guess. ironic that it comes to this website.
Logged
Keep the DEM implosion going! Mayor McCheese should drive around at 3AM {when according to the joke Gazetto he is working on City business -lol} in his new Mercedes and arrest those picking though City bins. Thank God they elected a self proclaimed "law enforcement expert" to get them out of the DEM fiscal collapse. 
