Exempted from the gross receipts tax are the receipts of a taxpayer who is approved for participation in the food stamp program authorized by U.S.C. Title 7, Chapter 51, as that chapter may be amended or renumbered, from the lawful acceptance and deposit with a financial institution of food stamps issued by the United States department of agriculture pursuant to the food stamp program.
History: 1978 Comp., § 7-9-18.1, enacted by Laws 1987, ch. 264, § 13 and Laws 1987, ch. 304, § 1.
ANNOTATIONSEffective dates. — Laws 1987, ch. 304, § 2 made Laws 1987, ch. 304, § 1 effective October 1, 1987.
Compiler's notes. — Laws 1987, ch. 264, § 13 and Laws 1987, ch. 304, § 1 enacted identical versions of this section.
Cross references. — For Chapter 51 of Title 7 of the United States Code, see 7 U.S.C. § 2011 et seq.