(a) A person who is licensed as a wholesaler and as a retailer shall maintain wholesale and retail stocks in separate buildings. However, this subsection shall not apply if stamps denoting payment of the tax on the wholesale stocks and the retail stocks of cigarettes are properly affixed.
(b) Every wholesaler who maintains a business as a retailer shall keep a record of his or her wholesale operations showing the amount of stamps purchased, if any, and all purchases from whatever source, and all sales whether to himself or herself as retailer or to another. This record shall be subject to inspection by the Department of Finance and Administration and the Arkansas Tobacco Control Board.
(c) Records shall be kept on forms prescribed by the Director of the Department of Finance and Administration.
(d) If a wholesaler refuses to keep the records required by or to comply with this section, the Director of Arkansas Tobacco Control may revoke all permits that have been issued to the wholesaler.
Section: Previous 26-57-222 26-57-223 26-57-224 26-57-225 26-57-226 26-57-227 26-57-228 26-57-229 26-57-230 26-57-231 26-57-232 26-57-233 26-57-234 26-57-235 26-57-236 NextLast modified: November 15, 2016