§ 45-54-241-02

(a) The tax levied by this part, except as otherwiseprovided, shall be due and payable to the Department of Revenue on or beforethe 20th day of the month next succeeding the month in which the tax accrues. On or before the 20th day of each month,every person on whom the tax is levied by this part shall render to theDepartment of Revenue on a form prescribed by the department, a true andcorrect statement showing the gross proceeds of the business subject to the taxfor the then preceding month, together with other information as the departmentrequires. At the time of making themonthly report, the taxpayer shall compute and pay to the department the amountof tax shown due. A person subject to the tax who conductsbusiness on a creditbasis may defer reporting and paying the tax until after the person hasreceived payment of the items, articles, or accommodations furnished. In the event the taxpayer defers reportingand paying the taxes, he or she shall thereafter include in each monthly reportall credit collections made during the then preceding month and shall pay theamount of taxes computed thereon at the time of filing the

taxes, he or she shall thereafter include in each monthly reportall credit collections made during the then preceding month and shall pay theamount of taxes computed thereon at the time of filing the report.(b) It shall be the duty of every person engaged orcontinuing in a business subject to the tax levied by this part to keep andpreserve suitable records of the gross proceeds of the business and other booksor accounts necessary to determine the amount of tax for which he or she isliable pursuant to this part. Therecords shall be kept and preserved for a period of two years and shall be openfor examination at all times by the Department of Revenue or by a dulyauthorized agent, deputy, or employee of the department.(c) A person who fails to pay the tax levied by this partwithin the time required by this part shall pay in addition to the tax a penaltyof 10 percent of the amountof tax due, together with interest from the date on which the tax became dueand payable at the rate due and payable on the state lodging tax. The penalty and interest shall be assessed and collected as a part of the tax.

with interest from the date on which the tax became dueand payable at the rate due and payable on the state lodging tax. The penalty and interest shall be assessed and collected as a part of the tax. The Department of Revenue,if good and sufficient reason be shown, maywaive or remit the penalty or a portion of the penalty.(Act 96–49, 1st Sp. Sess., p. 67, § 3.)