Reporting of information - escrow installments
(1) Reporting by stamping agents. Not later than twenty days
after the end of each month, each stamping agent shall submit to the department
such information as the department requires to facilitate compliance with
this part 3, including, but not limited to, a list by brand family of
the total number of cigarettes, or in the case of roll-your-own, the equivalent
stick count for which the stamping agent affixed stamps during the previous
calendar month or otherwise paid the tax due for such cigarettes. The
stamping agent shall maintain and make available to the department all
invoices and documentation of sales of all nonparticipating manufacturer
cigarettes and any other information relied upon in reporting to the department
for a period of five years.
(2) Disclosure of information. The department is authorized to disclose to the attorney general any information received under this part 3 and requested by the attorney general for purposes of determining compliance with and enforcing the provisions of this part 3. The department and the attorney general shall share with each other the information received under this part 3 and may share the information with other federal, state, or local agencies only for purposes of enforcement of this part 3, the tobacco escrow funds act, or corresponding laws of other states.
(3) Verification of qualified escrow fund. The attorney general may require at any time from a nonparticipating manufacturer, proof from the financial institution in which the manufacturer has established a qualified escrow fund for the purpose of compliance with the tobacco escrow funds act of the amount of money in the fund, exclusive of interest, being held on behalf of the state, the dates of deposits, and the dates and amounts of all withdrawals from such fund.
(4) Requests for additional information. In addition to the information required to be submitted pursuant to regulation number 39-28-202(3) and (4) or any successor rule of the department ( 1 CCR 201-7 ), the department or the attorney general may require a stamping agent, distributor, or tobacco product manufacturer to submit any additional information, including, but not limited to, samples of the packaging or labeling of each brand family, as is necessary to enable the department or the attorney general to determine whether a tobacco product manufacturer is in compliance with this part 3.
(5) Quarterly escrow installments. To promote compliance with the provisions of this part 3, the department may promulgate rules requiring a tobacco product manufacturer subject to the requirements of section 39-28-303(1)(c) to make the escrow deposits required in quarterly installments during the year in which the sales covered by such deposits are made. The department may require production of information sufficient to enable the department to determine the adequacy of the amount of the installment deposit.