2015 New Mexico Statutes
Chapter 7 - Taxation
Section 12 Cigarette Tax
Section 7-12-8 Redemption of stamps.
7-12-8. Redemption of stamps.
The department shall redeem unused or destroyed stamps at the price paid by the buyer, provided acceptable proof of such destruction is provided the department. It is presumed that the stamps presented for redemption were the last stamps bought in the month in which the sale of the stamps was made. If the month in which the sale was made is unknown, the amount to be paid by the department upon redemption shall be computed as if the stamps presented for redemption were the last stamps bought in the average monthly number of stamps bought during the preceding calendar year.
History: Laws 1943, ch. 95, 12; 1941 Comp. Supp., 76-1612; 1953 Comp., 72-14-12; Laws 1970, ch. 70, 6; reenacted as 1953 Comp., 72-14-8 by Laws 1971, ch. 77, 8; 1988, ch. 95, 6.
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