(a) A credit shall be granted in the manner provided in subsection (b) for the amount
of the sales tax due on tobacco buydown payments included in the sales price of tobacco
sold at retail.
(b) The credit shall apply such that sales tax is owed on the sales price of the tobacco
less the tobacco buydown payment associated with such sale.
(c) For purposes of this section the following definitions apply:
(1) “Tobacco buydown agreement” means an agreement whereby an amount, whether paid in money, credit, or otherwise,
is received by a retailer from a manufacturer or wholesaler based upon the quantity
and unit price of tobacco sold at retail that requires the retailer to reduce the
sales price of the product to the purchaser without the use of a manufacturer's coupon
or redemption certificate; and
(2) “Tobacco buydown payment” means the amount due to the retailer pursuant to a tobacco buydown agreement.
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