Beverage container deposits - helpful information for refund claims
If there is a shortfall in your Refund Value Account, you're entitled to claim a refund. You must, however, provide documentation that supports your claim.
To request a refund, you must submit all of the following:
- Form MT-230, Claim for Refund of Beverage Container Deposits
- copies of your Refund Value Account bank statements for the three months of the quarter
- copies of your weekly Pricing Analysis report with the total deposits billed and the total redemptions highlighted (only the page with the totals is needed)
- a detailed accounting of your beverage container deposit transactions for the quarter that you're seeking a refund
Here's an example of what the detailed accounting should look like:
| For quarter period 09/01/10 - 11/30/10 |
DEPOSITS |
REFUND VALUE ACCOUNT | |||||
|---|---|---|---|---|---|---|---|
| Report Period | Charged | Redeemed | Net | Interest credited | Service Charges | Account Balance | |
| 09/01/10-09/04/10 | Month 1 Week 1 Total | $20,324.60 | $8,254.45 | $12,070.15 | $12,070.15 | ||
| 09/05/10-09/11/10 | Month 1 Week 2 Total | $19,184.95 | $10,063.20 | $9,121.75 | $21,191.90 | ||
| 09/12/10-09/18/10 | Month 1 Week 3 Total | $17,977.75 | $27,822.20 | -$9,844.45 | $11,347.45 | ||
| 09/19/10-09/25/10 | Month 1 Week 4 Total | $17,889.10 | $20,399.65 | -$2,510.55 | $8,836.90 | ||
| 09/26/10-10/02/10 | Month 1 Week 5 Total | $7,697.70 | $3,081.40 | $4,616.30 | $13,453.20 | ||
| Interest Earned | $1.83 | $13,455.03 | |||||
| Service Charges | $37.00 | $13,418.03 | |||||
| 10/03/10-10/09/10 | Month 2 Week 1 Total | $20,000.70 | $5,683.20 | $14,317.50 | $27,735.53 | ||
| 10/10/10-10/16/10 | Month 2 Week 2 Total | $18,996.40 | $20,368.90 | -$1,372.50 | $26,363.03 | ||
| 10/17/10-10/23/10 | Month 2 Week 3 Total | $2,345.00 | $6,354.00 | -$4,009.00 | $22,354.03 | ||
| 10/24/10-10/30/10 | Month 2 Week 4 Total | $22,567.00 | $3,567.90 | $18,999.10 | $41,353.13 | ||
| Month 2 Week 5 Total | $41,353.13 | ||||||
| Interest Earned | $2.46 | $41,355.59 | |||||
| Service Charges | $15.00 | $41,340.59 | |||||
| 10/31/10-11/06/10 | Month 3 Week 1 Total | $7,895.05 | $10,458.60 | -$2,563.55 | $38,777.04 | ||
| 11/07/10-11/13/10 | Month 3 Week 2 Total | $18,798.40 | $16,586.55 | $2,211.85 | $40,988.89 | ||
| 11/14/10-11/20/10 | Month 3 Week 3 Total | $6,345.60 | $18,556.45 | -$12,210.85 | $28,778.04 | ||
| 11/21/10-11/27/10 | Month 3 Week 4 Total | $25,001.75 | $55,568.95 | -$30,567.20 | -$1,789.16 | ||
| 11/28/10-11/30/10 | Month 3 Week 5 Total | $0.00 | $0.00 | $0.00 | -$1,789.16 | ||
| Interest Earned | $2.06 | -$1,787.10 | |||||
| Service Charges | $25.00 | -$1,812.10 | |||||
| End of Quarter Balance | $205,024.00 | $206,765.45 | $6.35 | $77.00 | -$1,812.10 | ||
Here's an example of the information needed to complete the Beverage Container Web File for a quarter:
| 1 | Total beverage container deposits credited to account for the quarter | $205,024.00 |
| 2 | Add interest and dividends credited to account for the quarter | $6.35 |
| 3 | Subtract beverage container deposits paid from account for the quarter | $206,765.45 |
| 4 | Subtract bank service charges on account for the quarter | $77.00 |
| 5 | Net balance in account at the end of the quarter | ($1,812.10) |
| 6 | Multiply by 80% to determine the amount to be remitted to Tax Department | 80% |
| 7 | Amount due to Tax Department | $0.00 |
| 8 | If filing an amended return subtract the amount paid with original filing and previous amended filings | $0.00 |
| 9 | Total Amount due to Tax Department | $0.00 |
Updated: