Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2011

Cigarette and Tobacco Products Tax Law


Article 2. Sale to Distributors

Section 30166

30166. Payment for stamps and settings; discount. Stamps and meter register settings shall be sold at their denominated values less 0.85 percent to licensed distributors. Payment for stamps or meter register settings shall be made at the time of purchase, provided that a licensed distributor, subject to the conditions and provisions of this article, may be permitted to defer payments therefor.

History.—Added by Stats. 1961, p. 2316, operative July 16, 1961. Stats. 1967, p. 2519, operative August 1, 1967, substituted "0.85 percent" for "2 percent."

1Chapter 3.5 was added to Part 13 by Stats. 1961, p. 2315, operative July 16, 1961.