Section 78:9 Stamps.
I. The commissioner shall adopt rules pursuant to RSA 541-A relative to the design and denomination of stamps to be secured by the commissioner for affixing to packages of tobacco products as evidence of the payment of the tax imposed by this chapter. The commissioner shall sell such stamps to each licensed wholesaler. The commissioner may permit a licensed wholesaler to pay for such stamps within 30 days after the date of purchase, provided a bond satisfactory to the commissioner in an amount not less than the sale price of such stamps shall have been filed with the commissioner, conditioned upon the payment of such stamps. The commissioner shall keep accurate records of all stamps sold to each wholesaler and shall pay over all receipts from the sale of such stamps to the state treasurer daily.
II. Any wholesaler who fails to pay any amount owing to the purchase of stamps or meter-registered settings within the time required shall pay, in addition to the amount, interest as prescribed in RSA 21-J:28.
III. At the sole discretion of the commissioner, the commissioner may place a lien on property of the licensed wholesaler in lieu of the bond requirement under paragraph I, provided that:
(a) The licensed wholesaler submits a written request for the lien and detailed proposal acceptable to the commissioner; and
(b) The property on which the proposed lien shall be placed is of adequate value, marketability, and liquidity to protect the state's interests to the same degree or greater than a bond.
Source. 1939, 167:7; 180:1. RL 79:7. 1947, 133:6. RSA 78:9. 1965, 132:2. 1967, 159:2. 1970, 5:11; 57:1. 1973, 544:9. 1975, 505:26. 1976, 49:1. 1977, 200:2. 1981, 128:20; 210:12; 465:6. 1982, 42:100. 1983, 441:6. 1985, 204:13. 2003, 319:43, eff. July 1, 2003. 2007, 263:43, eff. July 1, 2007.