CHAPTER 291

FORMERLY HOUSE BILL NO. 507

AS AMENDED BY

HOUSE AMENDMENTS NO. 1 AND 2

AN ACT TO AMEND CHAPTER 53, TITLE 30, DELAWARE CODE BY INCREASING THE RATE OF CIGARETTE TAXES, BY REVISING PAYMENT PROVISIONS AND BY CHANGING THE COMMISSION FOR STAMP AFFIXING AGENTS.

Be it enacted by the General Assembly of the State of Delaware:

Section 1. Section 5305 (a), Chapter 53, Title 30, Delaware Code, is amended by striking therefrom the phrase, "51/2 cents" and substituting in lieu thereof the phase, "7 cents."

Section 2. Title 30, Section 5316 (b), Delaware Code, is amended by striking the "." after the word "purchase" as the same appears on lines 3 and 4 thereof and adding after the word "purchase" the following:

"; however, an authorized affixing agent may enter into an agreement with the Department of Finance providing for deferred payment for tobacco product stamps or for amounts added to tobacco product tax meters during a month to a date not later than thirty days from the date of purchase or addition to a cigarette meter, provided bond to assure payment is furnished in such amount as required by the Secretary of Finance and provided that all amounts due for the month of June shall be paid by June 30."

Section 3. Title 30, Section 5318 (b), Delaware Code, is hereby amended by striking the words "of 31/2% of the total value thereof." Where the same appear on lines 4 and 5 of said section and substituting in lieu thereof the following:

"at the rate of three-tenths of one cent for affixing the tax stamp to each package of twenty cigarettes."

Section 4. The provisions of this Act shall become effective August 1, 1971.

Approved July 30, 1971.