State Codes and Statutes
Statutes > Vermont > Title-32 > Chapter-205 > 7772
§ 7772. Form and sale of stamps
(a) The commissioner shall secure stamps of such designs and denominations as he or she shall prescribe to be affixed to packages of cigarettes as evidence of the payment to the tax imposed by this chapter. The commissioner shall sell such stamps to licensed wholesale dealers and retail dealers at a discount of two and three-tenths percent of their face value for payment at time of sale.
(b) At the purchaser's request, the commissioner may sell stamps to be affixed to packages of cigarettes as evidence of the payment to the tax imposed by this chapter to licensed wholesale dealers and retail dealers for payment within 10 days, at a discount of one and five-tenths percent of their face value if timely paid. In determining whether to sell stamps for payment within 10 days, the commissioner shall consider the credit history of the dealer; and the filing and payment history, with respect to any tax administered by the commissioner, of the dealer or any individual, corporation, partnership or other legal entity with which the dealer is or was associated as principal, partner, officer, director, employee, agent or incorporator. No stamps may be purchased during the period June 15 through June 30 each year under the provisions of this subsection.
(c) The commissioner shall keep accurate records of all stamps sold to each wholesale dealer and retail dealer, and shall pay over all receipts from the sale of stamps to the state treasurer. (Amended 1959, No. 243, § 3; 1963, No. 226, § 3, eff. July 3, 1963; 1965, No. 131, § 2; 1981, No. 31, § 9; 1983, No. 2 (Sp. Sess.), § 4, eff. July 28, 1983; 2001, No. 140 (Adj. Sess.), § 37.)
