Sentences with phrase «tax stamps»

Tax stamps refer to physical stamps or labels that are affixed to certain products or documents to indicate that the required taxes on those items have been paid. These stamps provide proof that the necessary taxes have been collected by the government, ensuring compliance with tax regulations. Full definition
There was a time when closing a real estate sale cost the seller a few hundred dollars for transfer tax stamps on the transfer deed, but those days are long gone.
In exchange for the tax payment, drug dealers receive drug tax stamps, which must be attached to the substances and are valid for three months.
But yesterday, a spokesman for the Taxation and Finance Department claimed that the cigarettes didn't bear a New York State tax stamp, and that is why they were seized.
This is why the old cannabis law was called the Marihuana Tax Stamp Act of 1937.
In New York City, stamping agents pay cigarette taxes to the government in advance; they purchase and affix tax stamps to packs for wholesalers, who in turn sell the stamped packs to the more than 9,700 licensed retailers.
A judge ordered State Police to give back a truckload of untaxed, native - made cigarettes, dealing a blow to officials pushing a state policy requiring tax stamps on tobacco products.
Unlike the Harrison Tax Act, the Marihuana Tax Stamp Act intended to completely outlaw cannabis by requiring a stamp to posses it.
When arrested the four men, each of Middle Eastern descent, were found in possession of 1,925 cartons of untaxed cigarettes and over 36,800 phony tax stamps from New York and New Jersey.
Starting with your contract sales price on line 101, you can add local investment district (LID) assessments, sales and real estate broker commissions, appraisal fees, credit report fee, home inspection fee, settlement fees, abstract or title search fees, title examination, title insurance binder, document preparation fees, notary fees, attorney fees, title insurance, recording fees, city or county tax stamps, survey and pest inspection fees.
They also found 67 cartons — containing 13,400 cigarettes — of Virginia Tax stamped tobacco, according to the criminal complaint.
This transfer Tax Stamp fee is approximately $ 2.80 for every $ 1,000 you paid (purchase price) for the specific mobile home.
A pair of Albany stores are out of the tobacco business for the next six months after inspectors from the state Department of Taxation and Finance found they had a cache of allegedly bootleg cigarettes and cigars that lacked the needed tax stamps.
Cigarettes sold at those locations don't carry the state cigarette tax stamp - and therefore don't collect $ 4.35 per pack for the state.
The state's Cigarette Strike Force also seized 134,000 counterfeit tax stamps and nearly $ 445,000 in cash.
State investigators with the Department of Taxation and Finance busted him and allegedly found 205 cartons of Newports, 10 cartons of Marlboros, two cartons of Winstons, and two cartons of Kools — all without tax stamps
«15 percent of cigarettes sold in NYC have illegal tax stamps, study finds.»
The use of digital tax stamps, coordination of taxes across areas, and systematic monitoring of enforcement efforts could help to address the issues we uncovered,» said Silver.
Hemp was cultivated in the U.S. by George Washington and Thomas Jefferson and was a viable crop until the 1937 Marijuana Tax Stamp Act outlawed both industrial and psychoactive varieties.
This cost is known as Massachusetts tax stamps or the Massachusetts property transfer tax.
Leaving aside the question of conflicts of interest, it was not that difficult to go look at the underlying properties and check valuations out against the deeds in the Recorder's Office (there is a reason why there are tax stamps on deeds).
Licensed tobacco retailers throughout New York City are selling a substantial number of cigarette packs carrying either counterfeit or out - of - state tax stamps, finds an investigation by NYU public health researchers.
Mr. Hammound and nine other men, including his brother, Chawki, conspired to buy cigarettes in North Carolina, which had a 5 - cent per pack tax, affixed phony tax stamps, and sold them in Michigan which had a 75 - cent excise tax.
HUD 1 expenses you can add to the contract sales price for your personal residence include personal property, real estate broker commissions, appraisal fees, home inspection fees, settlement fees, abstract or title search fees, title examination, title insurance binder, documentation preparation, notary, attorney fees, title insurance, recording fees, city - county tax stamps, survey, and pest inspection.
At the City clerk's office there is a transfer Tax Stamp to be paid.
Government has stressed that the excise tax stamp policy will not add unto the tax burden of manufacturers and retailers even as it begins to roll out the policy.
Consumers have been encouraged to buy only products that had been embossed with the newly introduced Ghana Revenue Authority (GRA) tax stamp.
The introduction of the tax stamp was opposed by key business associations in the country including the Ghana Institute of Freight Forwarders and Ghana Union of Traders Association (GUTA) who said they are unable to bear the additional cost the policy was demanding.
Attorney General Schneiderman said that all packs of cigarettes sold in New York City must bear a joint New York City / New York State tax stamp and only a licensed stamping agent can possess untaxed cigarettes and affix the tax stamps on the cigarette packs.
A number of policies will be introduced to deal with this, including the introduction of the tax stamp, the use of Point of Sale (POS) devices to track all taxes issued, as well as strict adherence to the use of the Taxpayer Identification Numbers (TIN).
To determine the legality of the tax stamps, the New York City Sheriff's office used a laser detection device to inspect the packs and find counterfeit and out - of - state stamps.
«Taxes on packs sold with counterfeit or out - of - state tax stamps are not being recouped by the city and the state.»
Same thing for recording charges, tax stamps, etc..
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