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Can Greensboro Criminal Defense Attorneys Explain If Illegal Substances Can Be Taxed?

In Uncategorized by Greensboro Attorney

Can Greensboro criminal defense attorneys explain if illegal substances can be taxed? Yes! This is a topic that many people either don’t know about or would have never even thought possible. At first glance, asking dealers to pay taxes for the illegal drugs they’re dealing may seem kind of backwards. But, there is a real and active law in North Carolina that requires dealers to pay taxes on unauthorized substances.

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For more information on this specific law, you should speak with a Greensboro criminal defense attorney today!

So, how can this even happen? The Department of Revenue requires that any dealers pay a tax on their specific substance within forty-eight hours of acquiring it. The Department of Revenue has definitions for who is considered a “dealer” based on which drug they’re dealing and how much of it they possess. Further, they also have a chart that states how much the tax will be based on the substance itself and how much of it the dealer has. Once the tax has been paid, the dealer can acquire a tax stamp from the Department of Revenue. So long as the tax stamp is on the substance, no one else can be charged tax for it, even if it’s in the hands of someone else. If the dealer fails to pay this tax on time, they may be subject to an assessment for recovering the costs, plus interest.

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And to acquire the cost, the Secretary may collect the amount from any property the dealer legally owns. For more information about the collection of this tax, you should not hesitate to contact a Greensboro criminal defense attorney!

Contacting a Greensboro criminal defense attorney regarding the tax payment of any illegal substance is the safest thing to do. This is because, while the Department of Revenue states that to comply with this law dealers are not required to give any kind of personal identification to acquire the stamps, anonymity may not be as easy as stated. The criminal defense attorneys at Garrett, Walker, Aycoth, and Olson know the requirements of the law and also genuinely care about each case presented to them!

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Call today at 336-379-0539 today; we are here to help!