South Dakota Codified Laws — Title 10 (Taxation)

SDCL § 10-50-18 — Stamps secured and sold by secretary--Discount

The secretary of revenue shall secure stamps, of the design and denomination as the secretary prescribes, suitable to be affixed to packages of cigarettes as evidence of the payment of the tax imposed by this chapter. The secretary shall sell the stamps to licensed distributors at a discount of one percent of their face value and to no other person.

Last amended: Source: SDC 1939, § 57.3906; SL 1951, ch 452 , § 4; SL 1963, ch 446 , § 2; SL 1965, ch 293 , § 2; SL 1969, ch 271 , § 3; SL 1970, ch 78 , § 5; SL 2003, ch 272 (Ex. Ord. 03-1), § 82; SL 2007, ch 66 , § 1; SL 2010, ch 67 , § 1; SL 2010, ch 67 , § 2, eff. July 1, 2012; SL 2011, ch 1 (Ex. Ord. 11-1 ), § 161, eff. Apr. 12, 2011.

Source: official text