TITLE 44
Taxation

CHAPTER 44-18.1
Adoption of the Streamlined Sales and Use Tax Agreement

SECTION 44-18.1-20


§ 44-18.1-20. Uniform rules for remittances of funds.

Each member state shall:

(A) Require only one remittance for each return except as provided in this subsection. If any additional remittance is required, it may only be required from sellers that collect more than thirty thousand dollars in sales and use taxes in the member state during the preceding calendar year as provided herein. The state shall allow the amount of any additional remittance to be determined through a calculation method rather than actual collections. Any additional remittances shall not require the filing of an additional return.

(B) Require, at each member state's discretion, all remittances from sellers under Models 1, 2, and 3 to be remitted electronically.

(C) Allow for electronic payments by both ACH Credit and ACH Debit.

(D) Provide an alternative method for making "same day" payments if an electronic funds transfer fails.

(E) Provide that if a due date falls on a legal banking holiday in a member state, the taxes are due to that state on the next succeeding business day.

(F) Require that any data that accompanies a remittance be formatted using uniform tax type and payment type codes approved by the governing board.

History of Section.
(P.L. 2006, ch. 246, art. 30, § 12.)