Tobacco Tax Stamp Refunds - Loss Due to Theft

This bill allows tobacco tax stamp buyers in Maryland to request a refund if their stamps are stolen, provided they submit a police report and a notarized affidavit to the Comptroller. It specifically adds theft to the list of reasons for which refunds are available, alongside previous categories like fire, flood, or vandalism. To prevent fraud, the law requires taxpayers to return any refund if the stolen property is recovered and imposes a fine equal to double the refund amount for false claims. The changes take effect on June 1, 2024, and authorize the Comptroller to create regulations to enforce these procedures.