Sec. 12-298. Commissioner to supply stamps or decals.
Sec. 12-298. Commissioner to supply stamps or decals. The Commissioner of
Revenue Services shall secure stamps or heat-applied decals, of such design and denomination as he prescribes, suitable to be affixed to packages of cigarettes as evidence of
the payment of the tax imposed by this chapter. He shall sell such stamps or decals (a)
to licensed distributors to be affixed to packages of cigarettes to be sold on or after
September 1, 1971, at a discount of one per cent from their face value and (b) to licensed
dealers at their face value. The commissioner may, in his discretion, permit a licensed
distributor or licensed dealer to pay for such stamps or decals within thirty days after
the date of purchase, provided a bond or other security satisfactory to the commissioner
in an amount not less than the sale price of such stamps or decals shall have been filed
with the commissioner conditioned upon payment for such stamps or decals. The bond
or other security shall be in full force and effect for a period of three years and one
month following the expiration of the license or such other period as the commissioner
may determine, unless a certificate is issued by the commissioner to the effect that all
taxes due the state have been paid. He shall keep accurate records of all stamps or decals
sold to each distributor and dealer and shall pay over all receipts from the sale of stamps
or decals to the State Treasurer daily as herein provided.
(1949 Rev., S. 1980; November, 1955, S. N137; 1961, P.A. 604, S. 7; 1963, P.A. 651, S. 4; February, 1965, P.A. 326,
S. 2; 1969, P.A. 608, S. 2; June, 1969, P.A. 1, S. 45; June, 1971, P.A. 5, S. 115; 8, S. 26; P.A. 77-614, S. 139, 610; P.A.
91-231, S. 1; P.A. 93-15, S. 6, 9.)
History: 1961 and 1963 acts reduced discount on sale of stamps; 1965 act substituted "'(Specified) Permit' or `Specified
Permits'" for "`Beer Permit'"; 1969 acts reduced discount on stamps from 2.7% to 2.25% of face value applicable to
cigarettes to be sold before July 1, 1969, and after July 1, 1971, and set interim discount at 1.3% and further changed
interim discount to 1.125%; 1971 acts changed closing date for interim rate to July 1, 1973, and later reduced discount
permanently to 1% effective with respect to cigarettes to be sold on or after September 1, 1971; P.A. 77-614 substituted
commissioner of revenue services for tax commissioner, effective January 1, 1979; P.A. 91-231 provided for the acceptance
of security other than bonds by the commissioner; P.A. 93-15 authorized use of heat applied decals to evidence payment
of cigarette tax and added provision extending bond for a period of three years and one month beyond expiration of license,
effective July 1, 1993.