FOR AN ACT ENTITLED, An Act to
require the secretary of the Department of Revenue and
Regulation to mail cigarette stamps by registered mail when requested by any licensed
distributor.
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 such design and
denomination as
he
the secretary
shall prescribe, suitable to be affixed to packages of cigarettes
as evidence of the payment of the tax imposed by this chapter.
He
The secretary
shall sell
such
the
stamps to
a
licensed
distributors
distributor
at a discount of three and one-half percent of
their face value
and to no
. The secretary may not sell stamps to any
other person.
If requested
by the licensed distributor, the secretary shall mail the stamps by registered mail.
250 copies of this document were printed by the South Dakota
Legislative Research Council at a cost of $.038 per page.
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Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by overstrikes.
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