Agenda 06/20/2003 - Laserfiche WebLink

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of cigarettes sold within the city. The amount of such tax shall be paid by the seller, if not previously paid, in the manner and at the time provided for in this article. Sec. 21-104. Method of payment. (a) The tax imposed by this article shall be paid by affixing or causing to be affixed a stamp or stamps, of the proper denominational or face value, to each package of cigarettes sold within the city in the manner and at the time provided for in this article. Every dealer and every seller in the city shall have the right to buy such stamps tSom the city treasurer and to affix them to packages of cigarettes as provided for in this article. (b) The commissioner of the revenue may permit the paymem in advance of the tax levied and imposed by this article by the method of placing imprints of the stamps upon original packages by the use of stamp meter machines in lieu of the method of paying such tax by the purchase and affixing of gum stamps, and may prescribe and enfome the necessary regulations setting forth the method to be employed and the conditions to be observed in the use of such stamp meter machines. Sec. 21-105. Preparation and sale of stamps. The city treasurer shall purchase and sell stamps of such denominations and in such quantities as may be necessary for the payment of taxes imposed by this article. In the sale of such stamps the city treasurer shall allow a discount of five percent (5%) of the denominational or face value thereof to cover the costs, which will be incurred in affixing the stamps to the packages of cigarette. In the event the printing by an authorized stamp meter machine is used in lieu of gmmned stamps, there shall also be allowed a discount of two cents ($0.02) less than the individual denominational or face value of the imprim of each such stamp so primed by such stamp meter machine to cover the costs incurred in printing such imprint. Sec. 21-106. Duties of dealers and sellers with respect to stamps. (a) Every local dealer in cigarettes is hereby required and it shall be his duty to purchase such stamps, at the office of the city treasurer, as shall be necessary to pay the tax levied and imposed by this article and to affix or cause to be affixed a stamp or stamps of the monetary value prescribed by this article to each package of cigarettes prior to delivery or furnishing of such cigarettes to any seller. Nothing herein contained shall preclude any dealer fi'om using a stamp meter machine, as authorized in Section 21-104(b), in lieu of gummed stamps to effectuate the provisions of this article.