§ 45-57-243-02

02Tax Levy Payment Due Date.(a) The taxes leviedby this part,except as otherwise provided herein, shall be due and payable to the stateDepartment of Revenue on or before the 20th day of the month next succeedingthe month in which the tax accrues. Onor before the 20th day of each month after June 1, 1989, every person on whomthe tax is levied by this part shall render to the department on a formprescribed by the department, a true and correct statementshowing the gross proceeds of the business subject tothe the tax for the then preceding month, together with such other informationas the department may demand and require; andat the time of making the monthly report the taxpayer shall compute and pay tothe department the amount of taxes shown to be due; provided, however, that anyperson subject to the tax who conducts any business on a credit basis may deferreporting and paying the tax until after the person has received payment forthe items, articles, or accommodations furnished; and in the event he or she so defersreporting and payingany such taxes he or sheshall thereafter include in each monthly report all credit collections madeduring the then preceding month

s furnished; and in the event he or she so defersreporting and payingany such taxes he or sheshall thereafter include in each monthly report all credit collections madeduring the then preceding month and shall pay the amount of taxes computedthereon at the time of filing the report. (b) It shall be the duty of every person engaged or continuing in anybusiness subject to the taxes levied by this part to keep and preserve suitablerecords of the gross proceedsof the business and such other books or accounts as may be necessary to determinethe amount of tax for which he or she is liable under this part. The recordsshall be kept and preserved for a periodof two years and shall be open for examination at any time by the stateDepartment of Revenue or by any duly authorized agent, deputy, or employeesof the department. (c) Any person who fails to pay the tax levied by this part within the timerequired by this part shall pay in addition to the tax a penaltyof 10 percent of the amountof tax due, together with interest thereon from the date on which the taxbecame due and payable at the rate due and payable on the state lodgings tax, the penaltyand interest to be assessedand collected as a

ue, together with interest thereon from the date on which the taxbecame due and payable at the rate due and payable on the state lodgings tax, the penaltyand interest to be assessedand collected as a part ofthe tax; provided, however, that thedepartment, if good and sufficient reason be shown, may waive or remit the penalty or any portionthereof. (Act 89–267, p. 406, § 3.)