Sec. 36-200. Preparation of stamps.
For the purpose of making stamps available for use, the city collector shall prescribe, prepare and sell, stamps of such denominations and in such quantities as may be necessary for the payment of the taxes imposed by this division. In the sale of such stamps, the city collector shall allow a discount of eight (8) per cent of the denominational or face value thereof to cover the costs which will be incurred in affixing the stamps to the packages of cigarettes. In the event the printing by an authorized meter machine is used in lieu of gummed stamps, there shall be allowed a discount of ten (10) per cent of the denominational or face value of the imprints of said stamps so printed by said meter machine to cover the costs incurred in printing such imprints. (Tax Code 1941, § 133(5))
Last updated date: 10/23/2006 4:15:21 PM