California Revenue and Taxation Code

§ 30166

RTC § 30166Div. 2 · Part 13 · Ch. 3.5 · Art. 2

Statute text

Stamps and meter register settings shall be sold to licensed distributors at their denominated values less a discount of 0.85 percent, which shall be capped at the first one dollar ($1.00) in denominated value. Payment for stamps or meter register settings shall be made at the time of purchase, provided that a licensed distributor, subject to the conditions and provisions of this article, may be permitted to defer payments therefor.

Legislative history

Amended November 8, 2016, by initiative Proposition 56, Sec. 5.4.