Revision: Jan. 25, 2013, midnight
HB 487-FN – AS INTRODUCED
2013 SESSION
09/04
HOUSE BILL 487-FN
AN ACT relative to refunds for tobacco tax stamps.
The bill limits refunds for tobacco tax stamp purchasers, unless the purchaser has ceased to do business as a licensed tobacco wholesaler in the state of New Hampshire.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
13-0579
09/04
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Thirteen
AN ACT relative to refunds for tobacco tax stamps.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Resale of Stamps; Redemption. RSA 78:10 is repealed and reenacted to read as follows:
78:10 Resale of Stamps; Redemption.
I. No wholesaler shall sell or transfer any stamps issued under RSA 78:9. No refund shall be allowed for stamps already transferred to a wholesaler, unless the purchaser has ceased to do business as a licensed tobacco wholesaler in the state of New Hampshire, or unless a condition below applies.
(a) Within one year from the purchase date, if stamps and metered impressions are destroyed after affixing to outdated, damaged, or unsaleable tobacco products, upon presentation of evidence of such destruction satisfactory to the commissioner; or
(b) Within one year from the purchase date, if outdated, damaged, or unsaleable tobacco products are exempted from bearing stamps by the commissioner under rules adopted under RSA 541-A.
II. The state treasurer shall provide, out of money collected under this chapter, the funds necessary for redemption or refund.
2 Effective Date. This act shall take effect 60 days after its passage.
LBAO
13-0579
01/17/13
HB 487-FN - FISCAL NOTE
AN ACT relative to refunds for tobacco tax stamps.
FISCAL IMPACT:
Due to time constraints, the Office of Legislative Budget Assistant is unable to provide a fiscal note for this bill, as introduced, at this time. When completed, the fiscal note will be forwarded to the House Clerk's Office.