§ 4018. Amount of Security.
18 CA ADC § 4018Barclays Official California Code of Regulations
Barclays California Code of Regulations
Title 18. Public Revenues
Division 2. California Department of Tax and Fee Administration-- Business Taxes (State Board of Equalization-- Business Taxes, See Ch. 6 and 9.9)
Chapter 9. Cigarette and Tobacco Products Tax Law Regulations (Refs & Annos)
Article 4. Distributor's Bond
18 CCR § 4018
§ 4018. Amount of Security.
(b) When a distributor is authorized to purchase stamps or meter register settings on the deferred payment basis, the security shall be fixed in an amount no less than 70 percent of the amount, and no more than twice the amount, as fixed by the board, of deferred payment purchases which the distributor may have unpaid at anytime.
Credits
Note: Authority cited: Section 30451, Revenue and Taxation Code. Reference: Sections 30141, 30142 and 30167, Revenue and Taxation Code.
History
1. Amendment filed 9-13-61 as an emergency; effective upon filing (Register 61, No. 18).
2. Certificate of Compliance--Section 11422.1, Government Code, filed 11-9-61 (Register 61, No. 22).
3. Amendment filed 1-12-68 as an emergency; effective upon filing (Register 68, No. 2).
4. Certificate of Compliance filed 3-27-68 (Register 68, No. 13).
5. Amendment of section heading, section and Note filed 1-16-2002; operative 2-15-2002 (Register 2002, No. 3).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 18, § 4018, 18 CA ADC § 4018
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