Statutes, codes, and regulations
South Dakota Codified Laws
Title 10 - TAXATION
Chapter 50 - CIGARETTE TAX
Section 10-50-20 - Resale of stamps prohibited-Redemption of unused and uncanceled stamps

S.D. Codified Laws § 10-50-20

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Current through the 2024 Legislative Session
Section 10-50-20 - 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.

SDCL 10-50-20

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.