Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2017
Cigarette and Tobacco Products Tax Law
CHAPTER 3.5. STAMPS AND METER MACHINES.1
Article 2. Sale to Distributors
30170. Suspension of credit. The board may suspend without prior notice a distributor's privilege to purchase stamps or meter register settings on the deferred-payment basis or may reduce the amount of permissible deferred-payment purchases fixed for the distributor, if the distributor fails to promptly pay for stamps or meter register settings when payment is due, if the bond or bonds of the distributor are canceled, become void, impaired, or unenforceable for any reason, or if in the opinion of the board, collection of any amounts unpaid or due from the distributor under this part are jeopardized.
History.—Added by Stats. 1961, p. 2316, operative July 16, 1961. Stats. 1967, p. 2520, operative August 1, 1967, substituted "deferred-payment purchases" for "monthly purchases."
1Chapter 3.5 was added to Part 13 by Stats. 1961, p. 2315, operative July 16, 1961.