Pubdate: Sun, 02 Jan 2005 Source: Elizabethton Star (TN) Copyright: 2005 Elizabethton Newspapers, Inc. Contact: http://www.starhq.com Details: http://www.mapinc.org/media/1478 Author: Rozella Hardin Bookmark: http://www.mapinc.org/af.htm (Asset Forfeiture) STATE TO TAX ILLEGAL DRUGS With the new year, the tax man is coming after drug dealers in Tennessee. Drug dealers will be required to pay state excise taxes on illegal substances - from marijuana to moonshine, from cocaine to the often illegally obtained prescription painkiller OxyContin - under a new law that went into effect Jan. 1. A 10-person tax agency has been created at a one-time cost of $1.2 million to assess the taxes and collect them. The annual cost to enforce the drug tax will be $800,000. Tennessee joins at least 22 other states in taxing illegal drugs. Its law was modeled after North Carolina's which has collected $83 million in the 14 years it has been on the books. Last fiscal year, the drug tax brought in $8.5 million and $4.9 million since July 1, according to the state's Unauthorized Substances Tax Division. According to the state Web site, of the 72,000 taxpayers North Carolina has assessed, only 79 people voluntarily brought stamps. According to information posted on the Tennessee Department of Revenue Web site, the new tax would be collected in two ways: * Drug dealers can go to any of the state revenue offices within 48 hours of coming into possession of unauthorized substances. They pay the tax and get a "stamp" to put on the drugs showing they have paid up. They would not be required to give their name, address, Social Security number, or other identifying information. State tax collectors would be constrained by taxpayer privacy laws from reporting them to police. Still, state officials say voluntary payment is unlikely to happen often. * The most probable way the tax will be collected is when police make drug busts. Law enforcement agencies are required to call tax officials within 48 hours detailing the drugs found. Tax collectors then assess the tax on the drug suspects, as well as additional fines for not paying the tax in the first place. If the suspects cannot make immediate payment, the state seizes and sells any assets, such as cars, homes and personal belongings, to pay off the liability. Paying the tax does not immunize a drug dealer from criminal prosecution, not does nonpayment result in harsher jail sentences or fines, other than a tax penalty. Typical tax penalties are 5 percent of the unpaid tax liability. According to the Dept. of Revenue, three-fourths of the tax money collected will go to the law enforcement agency that initiated the arrest, and one-fourth will go the state's general fund. - ---