Ch. 2 LAWS OF MARYLAND
(II) EXCEPT FOR A TRANSFER OF CIGARETTES TO
RETAIL STOCK BY A WRITTEN MEMORANDUM, PREPARE AN INVOICE FOR EACH
SALE TO A RETAILER THAT SHOWS THE POLITICAL SUBDIVISION IN WHICH
THE RETAILER IS LOCATED OR OPERATES,
(4) KEEP A COMPLETE AND ACCURATE RECORD OF EACH SALE
OF CIGARETTES TO A RETAILER, SUBWHOLESALER, OR WHOLESALER OUT OF
THE STATE FOR A RESALE BY THE PURCHASER TO OUT-OF-STATE
CONSUMERS; AND
(5) MAKE AN INVENTORY RECORD EACH MONTH BASED ON AN
INVENTORY OF ALL CIGARETTES ON THE PREMISES OR UNDER THE CONTROL
OF THE WHOLESALER, EXCEPT CIGARETTES IN A VENDING MACHINE OR
CIGARETTES TRANSFERRED TO RETAIL STOCK BY WRITTEN MEMORANDUM:
(I)1. AT THE BEGINNING OF BUSINESS ON THE 1ST
DAY OF EACH MONTH; OR
2. AT THE CLOSE OF BUSINESS ON THE LAST
DAY OF EACH MONTH; OR
(II) IF A SUBWHOLESALER OR WHOLESALER FINDS
THAT IT IS IMPRACTICAL TO TAKE INVENTORY ON EITHER DAY SPECIFIED
IN SUBITEM (I) OF THIS ITEM, THE SUBWHOLESALER OR WHOLESALER
SHALL GIVE THE COMPTROLLER NOTICE OF ANOTHER SPECIFIC DAY OF EACH
MONTH ON WHICH THE INVENTORY WILL BE TAKEN.
(B) RECORD RETENTION AND EXAMINATION.
EACH SUBWHOLESALER AND WHOLESALER SHALL:
(1) KEEP THE RECORDS REQUIRED IN SUBSECTION (A) OF
THIS SECTION FOR A PERIOD OF 6 YEARS OR FOR A LESSER PERIOD AS
AUTHORIZED BY THE COMPTROLLER; AND
(2) ALLOW THE COMPTROLLER TO EXAMINE THE RECORDS.
REVISOR'S NOTE: This section is new language derived
without substantive change from the first through the
third sentences and items (1) through (4) and (7) of
the fourth sentence of former Art. 81, § 449, and the
first clause of the second sentence of § 451. It is
revised to apply to a subwholesaler and a wholesaler,
for clarity.
In subsection (a)(1) of this section, the former
phrase "whether stamped or unstamped" is deleted as
surplusage.
In subsection (a)(3)(ii) of this section, the word
"operates" is added for clarity.
Also in subsection (a)(3)(ii) of this section, the
former word "bill" is deleted as repetitive of the
word "invoice".
- 714 -
|