basketball

Alabama Hoops Charging Ahead Despite Tax Tangles

Yahoo Sports

Alabama basketball star Aden Holloway was arrested for two charged on Monday, March 16, including failure to affix a tax stamp. What it means.

Alabama basketball guard Aden Holloway was arrested for first-degree possession of marijuana and failure to affix a tax stamp on Monday, March 16. The latter of the two charges that the 21 year-old received is lesser known. Here is an explanation of the seldom-used law, and what it could mean for Holloway.

WHAT WE KNOW: Alabama basketball guard Aden Holloway arrested In 2016, Tuscaloosa drug agents began charging suspected drug dealers for breaking a law that requires them to purchase tax stamps. The law, passed in 1988, requires any individual who sells drugs to pay a tax and affix a stamp to the product. If convicted, authorities can collect fines from dealers, who are unlikely to have complied with the little-known law.

The stamps, which read "Say no to drugs" and "Say no to marijuana," are administered by the Alabama Department of Revenue. Should a person possess more than 42. 5 grams of marijuana, the Alabama Marijuana Tax Stamps law imposes a $3.

50 a gram tax. If dealers are convicted of selling drugs without a stamp, any fines they are required to pay go into the state's general fund. When purchasing stamps, revenue department employees don't ask buyers for a reason, nor can the public employees reveal facts contained in an application.