R.I. Gen. Laws § 44-20-19 — Sales of stamps to distributors

The tax administrator shall sell stamps only to licensed distributors at a discount.
The distributor remits to the division of taxation ninety-eight and three-fourths
percent (98.75%) of the face value of the stamps thereby receiving a discount of one
and one-quarter percent (1.25%) of the face value of the stamps. The ninety-eight
and three-fourths percent (98.75%) remitted to the tax administrator is paid over
to the general revenue. The tax administrator may, in his or her discretion, permit
a licensed distributor to pay for the stamps within thirty (30) days after the date
of purchase; provided, that a bond satisfactory to the tax administrator in an amount
not less than the sale price of the stamps has been filed with the tax administrator
conditioned upon payment for the stamps. The tax administrator shall keep accurate
records of all stamps sold to each distributor.