New Hampshire Revised Statutes 78:12 – Resale of Stamps; Redemption; Refund
Current as of: 2023 | Check for updates
|
Other versions
I. No wholesaler shall sell or transfer any stamps issued under N.H. Rev. Stat. § 78:10.
II. The commissioner may redeem any unused stamps presented by a wholesaler at a price equal to the amount paid by that wholesaler.
III. The commissioner may refund the purchase price of stamps to the wholesaler if the wholesaler demonstrates to the satisfaction of the commissioner that the stamps have been destroyed, in circumstances beyond the control of the wholesaler, and not affixed.
IV. The commissioner may refund the purchase price for stamps which are destroyed after affixing to outdated, damaged, or unsaleable cigarettes.
V. The state treasurer shall provide, out of money collected under this chapter, the funds necessary for redemption or refund.
II. The commissioner may redeem any unused stamps presented by a wholesaler at a price equal to the amount paid by that wholesaler.
Terms Used In New Hampshire Revised Statutes 78:12
- Commissioner: means the commissioner of the department of revenue administration. See New Hampshire Revised Statutes 78:1
- sell: means any transfer, whether by bargain, gift, exchange, barter, or otherwise. See New Hampshire Revised Statutes 78:1
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
- Wholesaler: means any person engaged in the business of receiving, storing, purchasing, and selling tobacco products from any source for distribution to persons other than consumers, except those persons exempted from the tobacco tax under N. See New Hampshire Revised Statutes 78:1
III. The commissioner may refund the purchase price of stamps to the wholesaler if the wholesaler demonstrates to the satisfaction of the commissioner that the stamps have been destroyed, in circumstances beyond the control of the wholesaler, and not affixed.
IV. The commissioner may refund the purchase price for stamps which are destroyed after affixing to outdated, damaged, or unsaleable cigarettes.
V. The state treasurer shall provide, out of money collected under this chapter, the funds necessary for redemption or refund.