Partnertax.ai
Start free trial →

Missouri Code of State Regulations — Title 12 (Department of Revenue)

12 CSR 10-16.070

Discount Allowed

Official textsos.mo.govlast amended

PURPOSE: This rule indicates when the discount will not be allowed.

(1) A wholesaler is generally entitled to a three percent (3%) discount off the face value of stamps. The discount is not allowed if a wholesaler:

# (A)

Purchases stamps on the deferred payment basis and fails to pay for the stamps when due; or

# (B)

Fails to timely file the report required by section 149.041.2, RSMo, including all schedules.
AUTHORITY: sections 66.380, 136.030, 136.120, 149.021 and 210.320, RSMo 2000 and 149.015, RSMo Supp. 2005.* Cigarette Tax Regulation 5 was last filed Dec. 31, 1975, effective Jan. 10, 1976.
Amended: Filed Feb. 18, 1983, effective June 11, 1983. Amended:
Filed Jan. 31, 1994, effective July 30, 1994. Amended: Filed Sept. 30, 2005, effective April 30, 2006.
*Original authority: 66.380, RSMo 1967, amended 1993, 1995; 136.030, RSMo 1945, amended 1947, 1949, 1965; 136.120, RSMo 1945; 149.015, RSMo 1974, amended 1982, 1993, 1994, 2001, 2005; 149.021, RSMo 1974, amended 1982; and 210.320, RSMo 1939, amended 1969, 1976, 1978, 1993, 1995.
Op. Atty Gen. No. 338, Schechter (11-14-68). The elimination of the discounts presently allowed under the sales tax act, the state income tax act and the city earnings tax authorization statutes for the collection of such taxes would not affect the constitutionality of those statutes.

Amendment history

AUTHORITY: sections 66.380, 136.030, 136.120, 149.021 and 210.320, RSMo 2000 and 149.015, RSMo Supp. 2005.* Cigarette Tax Regulation 5 was last filed Dec. 31, 1975, effective Jan. 10, 1976. Amended: Filed Feb. 18, 1983, effective June 11, 1983. Amended: Filed Jan. 31, 1994, effective July 30, 1994. Amended: Filed Sept. 30, 2005, effective April 30, 2006. *Original authority: 66.380, RSMo 1967, amended 1993, 1995; 136.030, RSMo 1945, amended 1947, 1949, 1965; 136.120, RSMo 1945; 149.015, RSMo 197

Source: view the official PDF

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
In this chapter (17 sections)
  1. 12 CSR 10-16.010 · Prior Rulings
  2. 12 CSR 10-16.020 · Definitions
  3. 12 CSR 10-16.030 · Cigarette Tax Levied
  4. 12 CSR 10-16.040 · Tax Evidenced by Stamps
  5. 12 CSR 10-16.050 · Use of Tax Stamps
  6. 12 CSR 10-16.060 · Sample Cigarettes
  7. 12 CSR 10-16.070 · Discount Allowed
  8. 12 CSR 10-16.080 · Use of Meter Machines
  9. 12 CSR 10-16.090 · Purchase on Deferred Payment Basis
  10. 12 CSR 10-16.100 · Payment on Deferred Payment Basis
  11. 12 CSR 10-16.110 · Unsaleable Packages of Cigarettes
  12. 12 CSR 10-16.120 · Missouri Cigarette Wholesaler’s License
  13. 12 CSR 10-16.130 · Record Keeping Requirements
  14. 12 CSR 10-16.140 · Common Carriers, Bonded Warehousemen and Bailees
  15. 12 CSR 10-16.150 · Possession of Unstamped Cigarettes
  16. 12 CSR 10-16.160 · Release of Bonding Requirement
  17. 12 CSR 10-16.170 · Adjustments to the Distribution of St. Louis County…
Full table of contents →