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Hawaii Administrative Rules Title 18 — Department of Taxation

HAR § 18-245-11

Deferred-payment purchase; bonds

Official textfiles.hawaii.gov

# (a)

Every licensee requesting payment for stamps on a deferred-payment basis shall execute a bond with a surety company licensed in this State in an amount to be determined by the department. The department may increase or reduce the amount of bond at any time, but in no event shall the amount of the bond be greater than one hundred per cent of the maximum amount of deferred- payment purchases allowed.

# (b)

When a licensee fails to make a timely payment for a deferred-payment purchase, the department may immediately file a claim for execution of the bond with the appropriate surety company.

Last amended: [Eff 12/16/2000](Auth: HRS §§245-27, 245-42)(Imp: HRS §245-27)

Source: view the official PDF

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In this chapter (25 sections)
  1. 18-245-1 · Definitions
  2. 18-245-2 · Preparation and sale of stamps
  3. 18-245-2-1 · License; renewal of license; notification of change
  4. 18-245-2-2 · Notice of revocation, suspension, or declination to renew
  5. 18-245-2-3 · Good cause to suspend, revoke, or decline to renew a…
  6. 18-245-2-4 · State; provided, that this section shall not apply to…
  7. 18-245-2-5 · Proceedings upon demand for hearing on action taken…
  8. 18-245-2.5-1 · Retail tobacco permit
  9. 18-245-2.5-2 · Renewal of retail tobacco permit; notification of change
  10. 18-245-2.5-3 · Notice of revocation, suspension, or declination to…
  11. 18-245-2.5-4 · Good cause to suspend, revoke, or decline to renew a…
  12. 18-245-2.5-5 · Demand for a hearing
  13. 18-245-2.5-6 · Proceedings upon demand for hearing on action taken…
  14. 18-245-3 · Method and manner of affixing stamps
  15. 18-245-4 · Adherence of stamps
  16. 18-245-5 · Refund or credit for unused stamps
  17. 18-245-6 · Refund or credit for cigarettes shipped outside of the State…
  18. 18-245-7 · Refund or credit for casualty loss
  19. 18-245-8 · Requirements for refund or credit
  20. 18-245-9 · Authorization of designee to purchase stamps for licensee;…
  21. 18-245-10 · Deferred-payment purchase
  22. 18-245-11 · Deferred-payment purchase; bonds
  23. 18-245-12 · Purchase of stamps through a designated bank; method of…
  24. 18-245-13 · Transfer of stamps
  25. 18-245-14 · Reporting requirement for missing shipments of stamped…
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