NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-12-8
Redemption of stamps
The department shall redeem unused or destroyed stamps at the price paid by the buyer, provided acceptable proof of such destruction is provided the department. It is presumed that the stamps presented for redemption were the last stamps bought in the month in which the sale of the stamps was made. If the month in which the sale was made is unknown, the amount to be paid by the department upon redemption shall be computed as if the stamps presented for redemption were the last stamps bought in the average monthly number of stamps bought during the preceding calendar year.
Amendment history
Laws 1943, ch. 95, § 12; 1941 Comp. Supp., § 76-1612; 1953 Comp., § 72-14- 12; Laws 1970, ch. 70, § 6; reenacted as 1953 Comp., § 72-14-8 by Laws 1971, ch. 77, § 8; 1988, ch. 95, § 6.
Source: official source (NMSA chapter on nmonesource.com)
In this article (29 sections)
- 7-12-1 · Cigarette Tax Act; short title
- 7-12-2 · Definitions
- 7-12-3 · 7-12-3
- 7-12-3.1 · 7-12-3.1
- 7-12-3.2 · Cigarette inventories
- 7-12-4 · Exemption
- 7-12-4.1 · Cigarette tax; tribal sales; tax-credit stamps
- 7-12-5 · Affixing stamps
- 7-12-6 · Waiver of requirement that stamps be affixed
- 7-12-7 · Sale of stamps; prices
- 7-12-8 · Redemption of stamps
- 7-12-9 · Repealed
- 7-12-9.1 · Licensing; general licensing provisions
- 7-12-9.2 · Distributor's license
- 7-12-9.3 · Manufacturer's license
- 7-12-9.4 · Retail sale of cigarettes
- 7-12-10 · Repealed
- 7-12-10.1 · 7-12-10.1
- 7-12-11 · 7-12-11
- 7-12-12 · Shipment of unstamped cigarettes in New Mexico
- 7-12-13 · Repealed
- 7-12-13.1 · Civil penalties
- 7-12-13.2 · 7-12-13.2
- 7-12-14 · Repealed
- 7-12-15 · County and municipality recreational fund; distribution
- 7-12-16 · County and municipal cigarette tax fund; distribution
- 7-12-17 · Reporting requirements; penalty
- 7-12-18 · Reports
- 7-12-19 · 7-12-19