(a) For the purposes of AS 43.50.710 - 43.50.849, the department shall determine the minimum price for which a wholesaler may advertise, offer to sell, or sell cigarettes at wholesale by applying the following formula:
Wholesale Minimum Price = 1.02(M - D + T),
where M = the manufacturer's list price;
D = trade discounts; and
T = the full face value of all cigarette taxes.
(b) For the purposes of AS 43.50.710 - 43.50.849, the department shall determine the minimum price for which a retailer or wholesaler may advertise, offer to sell, or sell cigarettes at retail by multiplying by 1.04 the wholesale minimum price determined under (a) of this section.
Sec. 43.50.845. Short title for AS 43.50.710 - 43.50.849.
AS 43.50.710 - 43.50.849 may be known as the Unfair Cigarette Sales Tax Act.
Section: Previous 43.50.710 43.50.720 43.50.730 43.50.740 43.50.750 43.50.760 43.50.780 43.50.800 43.50.810 43.50.849 NextLast modified: November 15, 2016