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State of South Dakota
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EIGHTY-FIFTH SESSION LEGISLATIVE ASSEMBLY, 2010 |
| 400R0318 | SENATE STATE AFFAIRS ENGROSSED NO. HB 1041 - 3/1/2010 |
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Introduced by: The Committee on Appropriations at the request of the Department of
Revenue and Regulation
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FOR AN ACT ENTITLED, An Act to revise the discount on the sales of cigarette tax stamps
to distributors.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 10-50-18 be amended to read as follows:
10-50-18. The secretary of revenue and regulation shall secure stamps, of the design and denomination as the secretary prescribes, suitable to be affixed to packages of cigarettes as evidence of the payment of the tax imposed by this chapter. The secretary shall sell the stamps to licensed distributors at a discount oftwo percent one cent off of their face value and to no
other person.
Section 2. That § 10-50-18 be amended to read as follows:
10-50-18. The secretary of revenue and regulation shall secure stamps, of the design and denomination as the secretary prescribes, suitable to be affixed to packages of cigarettes as evidence of the payment of the tax imposed by this chapter. The secretary shall sell the stamps to licensed distributors at a discount oftwo one percent of their face value and to no other
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 10-50-18 be amended to read as follows:
10-50-18. The secretary of revenue and regulation shall secure stamps, of the design and denomination as the secretary prescribes, suitable to be affixed to packages of cigarettes as evidence of the payment of the tax imposed by this chapter. The secretary shall sell the stamps to licensed distributors at a discount of
Section 2. That § 10-50-18 be amended to read as follows:
10-50-18. The secretary of revenue and regulation shall secure stamps, of the design and denomination as the secretary prescribes, suitable to be affixed to packages of cigarettes as evidence of the payment of the tax imposed by this chapter. The secretary shall sell the stamps to licensed distributors at a discount of
person.
Section 3. The provisions of section 2 of this Act are effective on July 1, 2012.
