§ 150-616. Returns and payment of tax.

For the purpose of ascertaining the amount of tax payable under this article, all dealers, on or before the 20th day of each month, shall transmit to the director, upon forms prescribed and furnished by him, returns showing the gross sales or purchases, as the case may be, arising from all sales or purchases taxable under this article during the preceding calendar month. Such returns shall show such further information as the director may require to enable him to compute correctly and collect the tax herein levied. Each return shall be signed by the dealer filing it and his signature thereon shall constitute a warranty on the part of the dealer that he has read and examined the return and that, to the best of his knowledge and belief, it is true, correct and complete. Every dealer, at the time of making the return required hereunder, shall compute and remit to the director the required tax due for the preceding calendar month and failure so to do shall cause such tax to become delinquent. However, whenever the taxes due hereunder from a dealer average less than $100.00 per month and the dealer's annual gross sales are less than $250,000.00, the taxes hereunder shall be due and payable quarterly by the dealer, and the return required from the dealer for the quarter shall be filed on or before the 20th day of the first month of the next succeeding quarter. Any dealer who is required to file tax returns on a quarterly basis, as provided above, may file his returns and pay the tax on a monthly basis after first having received written approval from the director to do so. Application to file monthly must be furnished to the director in writing and will set forth complete justification for the shorter reporting period. Should any return be prepared by a person other than the dealer filing the same, such person shall also affix his signature thereto and warrant the correctness thereof.

(Code 1956, § 56-47; M.C.S., Ord. No. 17,095, § 1, 6-15-95)

State law reference

Similar provisions, R.S. 47:306.