11.04.22
Meyercord Revenue, a SICPA company, announced that following a competitive procurement process, the Virginia Department of Taxation is again contracting with Meyercord Revenue to support the Commonwealth’s Tobacco Revenue Stamp Program.
For 58 continuous years, Meyercord Revenue has been the Commonwealth’s trusted provider with the FUSON tax stamp. The Tobacco Revenue Stamp Program is critical to the collection of $234 million in annual cigarette taxes in Virginia and supports the prevention of cigarette trafficking across state lines.
“We are thrilled to continue our longstanding partnership with Virginia to support the state’s Tobacco Revenue Stamp Program,” said Meyercord Revenue president Alex Finkel.
Meyercord currently provides personalized, secure, high-quality, and cost-effective revenue stamps to 44 U.S. states and more than 180 local jurisdictions, including the Commonwealth and more than 100 local Virginia municipalities and four regional cigarette tax boards. These highly secure, counterfeit-resistant tax stamp solutions protect millions of dollars in excise tax revenue annually with a unique multi-layered solution that includes visible, hidden, and forensic features to prevent fraud and criminal activity.
SICPA/Meyercord support for the Commonwealth of Virginia extends beyond protecting tobacco tax revenues to also include more than $1 billion in annual motor fuels tax revenues through the contract with the Virginia DMV for the Virginia Excise Tax Administration System (VAETS).
For 58 continuous years, Meyercord Revenue has been the Commonwealth’s trusted provider with the FUSON tax stamp. The Tobacco Revenue Stamp Program is critical to the collection of $234 million in annual cigarette taxes in Virginia and supports the prevention of cigarette trafficking across state lines.
“We are thrilled to continue our longstanding partnership with Virginia to support the state’s Tobacco Revenue Stamp Program,” said Meyercord Revenue president Alex Finkel.
Meyercord currently provides personalized, secure, high-quality, and cost-effective revenue stamps to 44 U.S. states and more than 180 local jurisdictions, including the Commonwealth and more than 100 local Virginia municipalities and four regional cigarette tax boards. These highly secure, counterfeit-resistant tax stamp solutions protect millions of dollars in excise tax revenue annually with a unique multi-layered solution that includes visible, hidden, and forensic features to prevent fraud and criminal activity.
SICPA/Meyercord support for the Commonwealth of Virginia extends beyond protecting tobacco tax revenues to also include more than $1 billion in annual motor fuels tax revenues through the contract with the Virginia DMV for the Virginia Excise Tax Administration System (VAETS).