Bulletin Number
VTB 84-15
Tax Type
Cigarette Tax
Description
Cigarette Tax Stamps; Affixing of stamps
Topic
Collection of Tax
Date Issued
06-15-1984
DATE: June 15, 1984
SUBJECT: Cigarette Tax Stamps: 25 cigarette packages
After July 9, 1984, the Department of Taxation will have tobacco tax stamps for use on packs of twenty-five cigarettes available for purchase. The tax is $.03125 (3 1/3) per pack.
The stamps will be heat transfer stamps and only available in rolls of 3,600 stamps per roll. Each roll of stamps will be sold for $112.50.
The Department discount to qualified wholesalers on such stamps is $0.0225 (2 1/4¢) per carton of nine packs. This discount is nine-tenths of the discount allowed on cartons containing ten packs of 20 cigarettes. The net price per roll of stamps to qualified wholesalers is $103.50. A case of stamps for use on packs of twenty-five cigarettes contains 49 rolls and can be purchased for $5,512.50 per case less applicable discount of $441.00. The stamps for use on packs of twenty-five cigarettes are available only from the Virginia Department of Taxation, Richmond, Virginia.
Form TT-2, order for Virginia Tobacco Revenue Stamps and Meter Setting, has been revised to include stamps for use on packs of twenty-five cigarettes. All orders by mail must be made on the revised Form TT-2. hen ordering any tobacco revenue stamps by mail, a certified check, cashier's check or money order made payable to the Virginia Department of Taxation for all stamps purchased must be included with the revised Form TT-2. If a wholesaler has a bond on file with the Department, he may pay for the stamps by business check.
A separate certified check, cashier's check or money order made payable to the Postmaster, Richmond, Virginia for the exact amount of postage must accompany each order.
All orders for stamps should be mailed to the Department of Taxation, P. O. Box 1301, Richmond, Virginia, 23210-1301.
Enclosed is a supply of revised Form TT-2 and a copy of the emergency regulation concerning the new stamps, definition of carton and qualified wholesaler discount.
Under separate cover, the Department will furnish a rate schedule on the total registry fee and postage required for mailing the rolls of stamps used on packs of twenty-five cigarettes.
Tax Bulletins