§245-26  Price; payment; deferred payment
purchases.  (a)  Stamps shall be sold at their denominated values, plus a
stamp fee of 1.7 per cent of the denominated value of each stamp sold, composed
of the aggregate of:



(1)  .2 per cent of the denominated value of the stamp
to pay for the cost to the State of providing the stamps, with that amount to
be deposited to the credit of the department of taxation's cigarette tax stamp
administrative special fund; and



(2)  1.5 per cent of the denominated value of the
stamp to pay for the cost of enforcing the stamp tax, with that amount to be
deposited to the credit of the department of the attorney general's tobacco
enforcement special fund;



provided that the department by rule may modify the
stamp fee to reflect actual costs incurred by the State in providing the
stamps.



(b)  Payment for stamps shall be made at the
time of purchase; provided that a licensee may defer payments pursuant to
section 245-27. [L 2000, c 249, pt of §1; am L 2001, c 270, §7; am L 2003, c 177,
§4]