February 05, 2003

can they claim plastic baggies and hollow point bullets as expenses?

Drug Tax Stamp

This from the Kansas Department Of Revenue:

The fact that dealing marijuana and controlled substances is illegal does not
exempt it from taxation. Therefore drug dealers are required by law to
purchase drug tax stamps.

The drug tax is due as soon as the dealer takes possession of the marijuana or
controlled substance. Payment of the drug tax will purchase the drug tax
stamps. Attach the stamp to the marijuana and/or controlled substance
immediately after receiving the substance. The stamps are valid for 3 months.
Drugs seized without stamps or having expired stamps may result in criminal or
civil penalties which may include fines, seizure of property or liens against real
estate. Full story

Posted by Sparky at February 5, 2003 09:09 PM
Comments
Post a comment