Section 12-303 - Purchase of tax stamps. - Maryland Statutes

§ 12-303. Purchase of tax stamps.
 

(a)  In general.-  

(1) A licensed wholesaler may buy tax stamps, in the manner and at the time that the Comptroller requires by regulation. 

(2) Tax stamps may not be bought from a person other than the Comptroller unless the buyer: 

(i) has written permission from the Comptroller to do so; or 

(ii) is acting in accordance with the regulations of the Comptroller for stamping floor stock. 

(b)  Discount.- The Comptroller shall allow a licensed wholesaler a discount of 0.82% of the purchase price of tax stamps. 
 

[An. Code 1957, art. 81, §§ 434, 437, 438; 1988, ch. 2, § 1; 1991, ch. 671, § 1; 1992, 1st Sp. Sess., ch. 1, § 1; 1999, ch. 121, § 1.]