Resale of stamps prohibited--Redemption of unused and uncanceled stamps

No distributor shall sell or transfer any stamps issued under the provisions of this chapter. The secretary of revenue shall redeem any unused, uncanceled stamps presented by any licensed distributor at a price equal to ninety-five percent of their face value.

Last amended: Source: SDC 1939, § 57.3907; SL 1970, ch 78 , § 6; SL 1974, ch 103 , § 1; SL 2003, ch 272 (Ex. Ord. 03-1), § 82; SL 2011, ch 1 (Ex. Ord. 11-1 ), § 161, eff. Apr. 12, 2011.

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In this chapter (40 sections)

10-50-1 · Definition of terms
10-50-2 · Number of cigarettes in package
10-50-3 · Tax imposed on cigarettes held for sale--Rates of tax
10-50-4 · Stamps affixed to evidence tax payment--Samples excepted
10-50-5 · Denominations of stamps--Fractional parts of cent
10-50-6 · Stamped cigarettes not subject to further tax--Person in…
10-50-7 · Transactions constitutionally exempt from taxation
10-50-8 · Impact of tax borne by consumer--Separate statement on…
10-50-9 · License required of distributors and…
10-50-10 · Contents of application for license
10-50-11 · Fee for distributor or wholesaler license--Reduced fee for…
10-50-12 · Display of license--Duration--Return of license on revocation
10-50-13 · Transfer of license to different location or…
10-50-14 · Annual renewal of license--Fee
10-50-15 · Revocation of license or registration--Appeal
10-50-16 · Sale of cigarettes after license or registration revocation…
10-50-17 · 10-50-17. Repealed by SL 1982, ch 28, § 51
10-50-18 · Stamps secured and sold by secretary--Discount
10-50-19 · Payment for stamps after purchase--Bond or depository…
10-50-20 · Resale of stamps prohibited--Redemption of unused and…
10-50-21 · Use or possession of counterfeit stamp as felony--Reuse of…
10-50-22 · 10-50-22 to 10-50-24.1. Repealed by SL 2007, ch 66, §§ 4 to 7
10-50-25 · Authorization to nonresident to affix stamps--Sale of stamps
10-50-26 · Bond or depository agreement required of authorized…
10-50-27 · Agreement by nonresident to permit examination of records
10-50-28 · Appointment of attorney by authorized nonresident--Service…
10-50-29 · Authorized nonresident as licensed distributor
10-50-30 · Distributor to affix stamps
10-50-31 · Dealer to return unstamped cigarettes
10-50-32 · Sale of unstamped cigarettes as misdemeanor--Subsequent…
10-50-33 · Display or possession of unstamped cigarettes as evidence of…
10-50-34 · Enforcement powers of department…
10-50-35 · Unstamped cigarettes as contraband--Seizure without warrant
10-50-36 · Forfeiture and destruction of contraband cigarettes
10-50-37 · Confiscation of unstamped cigarettes not required if no…
10-50-38 · Act of agent as act of principal
10-50-39 · Monthly reports by distributors--Contents and time of filing
10-50-40 · Records preserved by distributors, wholesalers and dealers
10-50-41 · Examination of distributor's, wholesaler's, and dealer's…
10-50-42 · Investigations and taking of testimony

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