Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2011
Cigarette and Tobacco Products Tax Law
CHAPTER 3.5. STAMPS AND METER MACHINES.1
Article 2. Sale to Distributors
30167. Application for credit purchases. A licensed distributor may apply to the board to fix the maximum amount of deferred-payment purchases of stamps and meter register settings which the distributor may have unpaid at any time. Upon receipt of the application and the bond or bonds required pursuant to Section 30142, the board shall fix such amount. The board at any time may designate the sales locations where the distributor may make deferred-payment purchases of stamps and meter register settings and fix the amount of such purchases which the distributor may have unpaid at any one time with respect to purchases made at each of the designated sales locations.
History.—Added by Stats. 1961, p. 2316, operative July 16, 1961. Stats. 1967, p. 2519, operative August 1, 1967, substituted "have unpaid at any time" for "make in any monthly period beginning with the 16th day of a calendar month and ending with the 15th day of the following calendar month" in the first sentence and substituted "have unpaid at any one time with respect to purchases made at each of" for "make within each monthly period at" in the last sentence.
1Chapter 3.5 was added to Part 13 by Stats. 1961, p. 2315, operative July 16, 1961.