Vermont § 7772 - Form and sale of stamps

§ 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 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 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. (c) The Commissioner shall keep accurate records of all stamps sold to each wholesale
  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; 2013, No. 73, § 9, eff. June 5, 2013; 2015, No. 57, § 75, eff. June 11, 2015.)