Section 45IAC8.1-1-26. Purchase of tax stamps

   (a) The department will not sell tax stamps to anyone except distributors holding active and valid registration certificates and such others who established their need for tax stamps by written statement satisfactory to the department.

  (b) Registered distributors shall be agents of the department to affix stamps.

  (c) Sales of tax stamps shall be made by the department to registered distributors, subject to the discount prescribed by law. The discount shall be allowed at the time of purchase of the stamps. All other purchasers must pay full face value.

  (d) After meeting the department's requirements for a credit bond or credit bond release and after authorization from the department, distributors will pay for the tax stamps within thirty (30) calendar days from the date of the purchase.

  (e) Payment must be made by electronic funds transfer. If payment is not received by the due date, the discount will be disallowed and penalty and interest will be charged. Additionally, no further stamps will be sold to the distributor until full payment is made. (Department of State Revenue; Reg. 6-7-1-17(010); filed Aug 4, 1982, 3:02 p.m.: 5 IR 1803; filed Jan 12, 2015, 12:14 p.m.: 20150211-IR-045140146FRA)