Budget Amendment ID: FY2012-S3-167-R2

2nd Redraft GOV 167

Stamper allowance

Messrs. Welch, Knapik and Pacheco moved that the proposed new text be amended by inserting after section 53 the following section:-

“SECTION 53A. Section 30 of chapter 64C of the General Laws, as so appearing, is hereby amended by striking out the fourth paragraph and inserting in place thereof the following paragraph:-

A stamper who has complied with his chapter and, to the extent applicable, section 3A of chapter 64H and chapter 94F, including the rules and regulations promulgated thereunder, may withhold and retain from each payment to be made by him for such stamps as compensation for service rendered in compliance with this chapter and, to the extent applicable, said section 3A of said chapter 64H and said chapter 94F the following amounts:(1)  in the case of encrypted cigarette excise stamps purchased and not returned for an abatement, with respect to a roll of 1,200 encrypted stamps, $12 per roll; and (2) in every annual 12-month period beginning July 1 with respect to a roll of 30,000 encrypted stamps, $600 per roll for the first 50 rolls purchased by a stamper and $200 per roll for each additional roll; and (3) in the case of non-encrypted cigarette excise adhesive stamps purchased and not returned for an abatement, $1.85 for each 600 and a proportionate amount for any fraction thereof.”;

And by inserting after section 150 the following section:-

“SECTION 150A. Section 53A shall apply to stamps purchased on or after January 1, 2012.”