PRINTER'S NO. 2770
No. 2181 Session of 1980
INTRODUCED BY DORR, A. K. HUTCHINSON AND ANDERSON,
JANUARY 23, 1980
REFERRED TO COMMITTEE ON FINANCE, JANUARY 23, 1980
AN ACT
1 Amending the act of July 22, 1970 (P.L.513, No.178), entitled
2 "An act imposing a tax on the sale or possession of
3 cigarettes and providing penalties," changing the cigarette
4 stamping agencies permitted to pay for purchases on a
5 deferred basis.
6 The General Assembly of the Commonwealth of Pennsylvania
7 hereby enacts as follows:
8 Section 1. Subsection (e) of section 301, act of July 22,
9 1970 (P.L.513, No.178), known as the "Pennsylvania Cigarette Tax
10 Act," is amended to read:
11 Section 301. Stamp to Evidence the Tax.--* * *
12 (e) The department shall by regulation permit [only] a
13 [Pennsylvania domiciled] cigarette stamping agency to pay for
14 purchases on a deferred basis, upon the filing of a surety bond,
15 of the type approved by the department, with the department, in
16 an amount deemed sufficient by the department to protect the
17 revenue, said bond to be executed by the cigarette stamping
18 agency as principal and by a corporate surety company, duly
19 authorized to engage in such business in the Commonwealth of
1 Pennsylvania, as surety. The department shall deny deferred
2 purchase plans to any stamping agency in any state where such
3 state denys charges stamping agencies in Pennsylvania the right
4 to use deferred purchase plans.
5 Section 2. This act shall take effect immediately.
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