Montana Code 16-11-114. Insignia discount
16-11-114. Insignia discount. (1) Each licensed wholesaler is entitled to purchase an insignia at full face value less the following percentage of the face value upon payment for the insignia as defrayment of the costs of affixing insignia and precollecting the tax on behalf of the state of Montana:
Terms Used In Montana Code 16-11-114
- Department: means the department of revenue provided for in 2-15-1301. See Montana Code 16-11-102
- Licensed wholesaler: means a wholesaler licensed under the provisions of this part. See Montana Code 16-11-102
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
- Wholesaler: means a person who:
(i)purchases tobacco products from a manufacturer for the purpose of selling tobacco products to subjobbers, tobacco product vendors, wholesalers, or retailers; or
(ii)purchases tobacco products from a sole distributor, another wholesaler, or any other person for the purpose of selling tobacco products to subjobbers, tobacco product vendors, wholesalers, or retailers. See Montana Code 16-11-102
(a)0.90% for the first 2,580 cartons or portion of 2,580 cartons purchased in any calendar month;
(b)0.60% for the next 2,580 cartons or portion of 2,580 cartons purchased in any calendar month; and
(c)0.45% for purchases in excess of 5,160 cartons in any calendar month.
(2)The taxes for tobacco products, other than cigarettes, that are paid by the wholesaler must be paid to the department in full less a 1.5% defrayment for the wholesaler’s collection and administrative expenses and must, in accordance with the provisions of 17-2-124, be deposited by the department in the state general fund except as provided in 16-11-119. Refunds of the tax paid must be made as provided in 15-1-503 in cases in which the tobacco products purchased become unsalable.