Amendment #755, as changed to H3400

Stamper allowance

[Sponsors] <w:p><w:r><w:t xml:space="preserve">SECTION 1. Section 30 of chapter 64C of the General Laws, as appearing in the 2008 Official Edition, is hereby amended by striking out the fourth paragraph and inserting in place thereof the following paragraph:-

Every such stamper who has complied with the provisions of this chapter and, to the extent applicable, the provisions of section 3A of chapter 64H, and chapter 94F, including the pertinent rules and regulations made thereunder, may withhold and retain from each payment to be made by him for such stamps, as compensation for service rendered in compliance with the aforementioned provisions, the following amounts. The compensation for service rendered, in the case of encrypted cigarette excise stamps purchased and not returned for an abatement shall be, (1) with respect to a roll of 1,200 encrypted stamps, $12 per roll; and (2) in every annual twelve-month period beginning July 1 with respect to a roll of 30,000 encrypted stamps, $600 per roll for the first fifty rolls purchased by a stamper and $200 per roll for each additional roll of 30,000 encrypted stamps purchased in excess of fifty.  The compensation for service rendered shall be $1.85 for each 600 non-encrypted cigarette excise adhesive stamps purchased and not returned for an abatement, and a proportionate amount for any fraction thereof.

SECTION 2.  Section 1 shall take effect with regard to purchases of stamps on or after January 1, 2012.