H5394

	2019 -- H 5394
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	LC001364
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	STATE OF RHODE ISLAND
	IN GENERAL ASSEMBLY
	JANUARY SESSION, A.D. 2019
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	A N A C T
	RELATING TO TAXATION - CIGARETTE AND OTHER TOBACCO PRODUCTS TAX

	Introduced By: Representatives Azzinaro, Shekarchi, Corvese, Edwards, and Kennedy
	Date Introduced: February 14, 2019
	Referred To: House Finance
	It is enacted by the General Assembly as follows:
1	SECTION 1. Section 44-20-21 of the General Laws in Chapter 44-20 entitled "Cigarette
2	and Other Tobacco Products Tax" is hereby amended to read as follows:
3	44-20-21. Transfer of stamps prohibited -- Redemption of unused stamps.
4	No person shall sell or transfer any stamps under the provisions of this chapter. The tax
5	administrator shall redeem any unused, uncancelled stamps presented in unbroken sheets or
6	packages, under rules and regulations of the tax administrator, by any licensed distributor within
7	six (6) months of the date of purchase, at a price equal to ninety-eight percent (98%) of their face
8	value.
9	SECTION 2. This act shall take effect upon passage.
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	LC001364
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	EXPLANATION
	BY THE LEGISLATIVE COUNCIL
	OF
	A N A C T
	RELATING TO TAXATION - CIGARETTE AND OTHER TOBACCO PRODUCTS TAX
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1	This act would permit cigarette distributors to have partial rolls or sheets of unused tax
2	stamps redeemed by the tax administrator for ninety-eight percent (98%) of their face value.
3	This act would take effect upon passage.
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	LC001364
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