16-11-203. Wholesaler to precollect tax -- penalty and interest. The tax imposed must be precollected and paid by the wholesaler to the department prior to the sale of tobacco products. A wholesaler who fails to report or pay the tax required by this part must be assessed penalty and interest as provided in 15-1-216.

     History: En. Sec. 3, Ch. 12, Ex. L. 1969; R.C.M. 1947, 84-6803; amd. Sec. 31, Ch. 578, L. 1995; amd. Sec. 51, Ch. 427, L. 1999.