§ 4062. Destroyed Stamps and Meters.

The board will refund or credit to a distributor the denominated value, less the purchase discount, of any stamps, or unused meter register settings, when the stamps or the meter have been destroyed by fire, flood or other casualty prior to the affixation of the tax stamps or meter impressions to packages of cigarettes. The distributor must establish by clear and convincing evidence that the stamps or meter were destroyed by fire, flood or other casualty and the denominated value of the stamps or remaining meter register balance. Theft or mysterious disappearance of unaffixed stamps or of a meter shall not constitute a casualty for which refund or credit will be given.

HISTORY

1. New section filed 1-12-68 as an emergency; effective upon filing (Register 68, No. 2).

2. Certificate of Compliance filed 3-27-68 (Register 68, No. 13).

3. Amendment of section and Notefiled 1-16-2002; operative 2-15-2002 (Register 2002, No. 3).

Note

Note: Authority cited: Sections 30451 and 30176, Revenue and Taxation Code. Reference: Section 30176, Revenue and Taxation Code.