us-nm/stat
NMSA 1978, § 7-12-7 — Sale of stamps; prices
A.
Only the department shall sell stamps. Stamps may be sold by the department
only to a distributor.
B.
Stamps shall display a serial number. Stamps bearing the same serial number
shall not be sold to more than one distributor. The department shall keep records of the
serial numbers of the stamps provided to each distributor.
C.
A stamp shall be affixed to a package of cigarettes in such a manner as to clearly
display the serial number at the point of sale.
D.
Tax stamps shall be sold at their face value with the following discounts:
(1) forty-six hundredths percent less than the face value of the first thirty
thousand dollars ($30,000) of stamps purchased in one calendar month;
(2) thirty-six hundredths percent less than the face value of the second thirty
thousand dollars ($30,000) of stamps purchased in one calendar month; and
(3) twenty-two hundredths percent less than the face value of stamps
purchased in excess of sixty thousand dollars ($60,000) in one calendar month.
E.
Tax-credit stamps shall be provided only to distributors and shall be provided free
of charge; provided that the distributor is in full compliance with the reporting
requirements of the Cigarette Tax Act and rules adopted pursuant to that act.
F.
If the face value of tax stamps sold in a single sale is less than one thousand
dollars ($1,000), the discount provided for in this section shall not be allowed.
G.
Payment for tax stamps shall be made on or before the twenty-fifth day of the
month following the month in which the sale of stamps by the department is made.
H.
Tax-exempt stamps shall be provided only to distributors and shall be free of
charge; provided that the distributor is in full compliance with the reporting requirements
of the Cigarette Tax Act and rules adopted pursuant to that act.
Source: official text