Sec 42-3458. Discount purchases of tax stamps; refund and rebate amounts

A. The official stamps to be affixed to packages of cigarettes shall be obtainable from the department by each licensed distributor by purchase:

1. On or before September 30, 2014, at the following discount rates:

(a) Ninety-six percent of the face value for the first thirty-six thousand dollars worth of stamps purchased by the distributor in any month.

(b) Ninety-seven percent of the face value for the second thirty-six thousand dollars worth of stamps purchased by the distributor in any month.

(c) Ninety-eight percent of the face value on all stamps in excess of seventy-two thousand dollars purchased by the distributor in any month, except that if a distributor purchases more than one hundred sixty-five thousand dollars worth of stamps in one month, the department shall offset against the discount under this subdivision, or the distributor shall refund to the department, the difference between the face value and the discounted value of the first seventy-two thousand dollars worth of stamps under subdivisions (a) and (b) of this paragraph.

2. After September 30, 2014, at the rate of ninety-six percent of the face value of the stamps.

B. Any refund of or rebates on tax stamps requested by a licensed distributor must be issued in an amount of the total face value of the stamps minus four percent of the total face value of the stamps.