139.570 Reimbursement of seller's collection costs.

131 words·~1 min read·/ky/chapter-139/139-570

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)For reimbursement of the cost of collecting and remitting the tax, the seller

shall deduct on each return one and three-quarters percent (1.75%) of the first

one thousand dollars ($1,000) of tax due and one and one-half percent (1.5%)

of the tax due in excess of one thousand dollars ($1,000), provided the amount

due is not delinquent at the time of payment.

(b)The total reimbursement allowed for each seller in any reporting period shall

not exceed fifty dollars ($50).

(2)Notwithstanding subsection

(1)of this section, the rate of compensation for taxes

collected or returns filed by certified service providers and other model sellers

participating in the agreement as defined in KRS 139.781 shall be determined

according to the terms of the agreement as provided in KRS 139.789(7).