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SICPA to Provide Michigan with Encrypted Digital Tax Stamp Solution

New solution will protect $1 billion in annual tobacco tax, master settlement agreement revenues.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

SICPA has completed the roll-out of its excise tax solution to protect cigarette excise tax collections in the state of Michigan under a five-year contract with the Michigan Department of Treasury. Upgrading to SICPATRACE®, an encrypted digital tax stamp platform, ensures all Tax Stamp Program stakeholders are able to authenticate and verify legitimate tax-paid cigarettes. However, only authorized field inspectors and enforcement agents have access to the unique data associated with each tax ...

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