Alaska Statutes (Last Updated: January 11, 2017) |
Title 43. REVENUE AND TAXATION. |
Chapter 43.50. TOBACCO TAXES AND SALES. |
Article 43.50.07. UNFAIR CIGARETTE SALES. |
Section 43.50.810. Minimum prices for cigarette sales.
Latest version.
-
(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.
Authorities
43.50.710;43.50.720;43.50.790
Notes
References
AS 43.50.710 Sale at less than minimum price; rebate in price.
AS 43.50.720 Sale at less than minimum price; sale with gift or concession.
AS 43.50.790 Administration of AS 43.50.710 - 43.50.849; regulations.
History
(Sec. 7 ch 114 SLA 2010)