Sec. 12-300. Resale of stamps restricted. Redemption.
Sec. 12-300. Resale of stamps restricted. Redemption. No distributor or dealer
shall sell or transfer any stamps issued under the provisions of this chapter, provided
the commissioner may, at his discretion, authorize distributors to sell stamps for the
purposes of facilitating a tax increase program. The commissioner shall redeem any
unused stamps presented by any licensed distributor or licensed dealer at a price equal
to the amount paid for such stamps by such dealer or distributor. The commissioner
shall, upon proof satisfactory to him and in accordance with regulations promulgated
by him, redeem any stamp affixed to any package of cigarettes which has become unfit
for use and consumption or unsalable.
(1949 Rev., S. 1982; 1963, P.A. 108.)
History: 1963 act allowed commissioner to authorize distributors to sell stamps to facilitate a tax increase program.