WILLIAM DONALD SCHAEFER, Governor                       Ch. 2

Also in subsection (b) of this section, the defined
term "unstamped cigarettes" is substituted for the
former word "cigarettes", for clarity, since tax
liability is based on possession of unstamped
cigarettes. Similarly, in subsection (b) of this
section, the words "for which tax stamps are required"
are added to distinguish between sample cigarettes and
other unstamped cigarettes.

Defined terms: "Cigarette" § 12-101
"Comptroller" § 1-101 "Person" § 1-101
"Tax stamp" § 12-101 "Tobacco tax" § 1-101
"Unstamped cigarettes" § 12-101
"Wholesaler" § 12-101

12-303. PURCHASE OF TAX STAMPS.

(A)  IN GENERAL.

(1)  A LICENSED WHOLESALER MAY BUY TAX STAMPS, IN THE
MANNER AND AT THE TIME THAT THE COMPTROLLER REQUIRES BY
REGULATION.

(2)  TAX STAMPS MAY NOT BE BOUGHT FROM A PERSON OTHER
THAN THE COMPTROLLER UNLESS THE BUYER:

(I)  HAS WRITTEN PERMISSION FROM THE COMPTROLLER
TO DO SO; OR

(II)  IS ACTING IN ACCORDANCE WITH THE
REGULATIONS OF THE COMPTROLLER FOR STAMPING FLOOR STOCK.

(B)  DISCOUNT.

THE COMPTROLLER SHALL ALLOW A LICENSED WHOLESALER A DISCOUNT
OF 3.25% OF THE PURCHASE PRICE OF TAX STAMPS.

REVISOR'S NOTE: This section is new language derived
without substantive change from the third sentence of
former Art. 81, § 438(a), the second sentence and the
second clause of the first sentence of § 434, and,
except the stamp affixing requirement, § 437.

In subsection (a)(1) of this section, the defined term
"licensed wholesaler" is substituted for the former
word "distributor", for clarity. For a discussion of
the word "wholesaler", see the General Revisor's Note
to Subtitle 1 of this title.

Also in subsection (a)(1) of this section, the former
phrase "from the Comptroller" is deleted in light of
subsection (a)(2) of this section.

In subsection (b) of this section, the defined term
"licensed wholesaler" is added to clarify that a

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