New Cigarette Sales Regulations in NY
The New York State Department of Taxation and Finance has announced proposed regulations that would limit the quantity of tax-free cigarettes that may legally be supplied to Indian nations or tribes.
The department says the new regulations would prevent the unlimited flow of tax-free cigarettes to Indian retailers.
The regulations require that cigarette manufacturers may sell cigarettes to a licensed cigarette stamping agent only when the agent certifies that the sale is in compliance with the Tax Law, and that the sale to Indian nations can not exceed an amount calculated by the state government.
The new regulations also revoke the 2006 policy that allowed Indian retailers to sell tax-free cigarettes to non-Indians.
The public has 45 days to comment before the regulations go into effect.
The Seneca Nation hasn't commented yet.
http://readme.readmedia.com/NYS-Tax-Department-Proposes-Regulation-to-Address-Issue-of-Tax-Free-Sales-of-Cigarettes-to-Indians/1175622
The department says the new regulations would prevent the unlimited flow of tax-free cigarettes to Indian retailers.
The regulations require that cigarette manufacturers may sell cigarettes to a licensed cigarette stamping agent only when the agent certifies that the sale is in compliance with the Tax Law, and that the sale to Indian nations can not exceed an amount calculated by the state government.
The new regulations also revoke the 2006 policy that allowed Indian retailers to sell tax-free cigarettes to non-Indians.
The public has 45 days to comment before the regulations go into effect.
The Seneca Nation hasn't commented yet.
http://readme.readmedia.com/NYS-Tax-Department-Proposes-Regulation-to-Address-Issue-of-Tax-Free-Sales-of-Cigarettes-to-Indians/1175622
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