15-68-510. Vendor allowance.
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/mt/title-15/chapter-68/part-5/15-68-510·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
15-68-510 . Vendor allowance.
(1)A person filing a timely return under 15-68-502 may claim a quarterly vendor allowance for each permitted location in the amount of 5% of the tax determined to be payable to the state.
(2)The allowance may be deducted on the return.
(3)A person that files a return or payment after the due date for the return or payment may not claim a vendor allowance.