(1) The commission shall administer, collect, and enforce the tax under this chapter in accordance with: (a) Chapter 1, General Taxation Policies; and (b) the same procedures used to administer, collect, and enforce the tax under Chapter 12, Part 1, Tax Collection. (2) (a) A covered entity that collects the tax imposed on covered transactions shall remit to the commission, in an electronic format approved by the commission: (i) the tax due in the previous quarter; and (ii) the tax return. (b) Notwithstanding Subsection (2)(a), if a covered entity is required to file a sales and use tax return, the covered entity shall file the tax return and remit the tax imposed under this chapter in an electronic format the commission approves on the same schedule as the covered entity's sales and use tax filing. (3) A covered entity shall maintain records of covered transactions to determine the amount of tax due under this part for a period of three years. (4) The commission may make an assessment in accordance with Section 59-1-1405 for a deficiency of a tax, fee, or charge required to be paid under this chapter. (5) In addition to the tax required by this part, a person shall pay a penalty as provided in Section 59-1-401, plus interest at the rate and in the manner provided in Section 59-1-402, if a person subject to this section fails to: (a) pay the tax imposed by this part; (b) pay the tax on time; or (c) file a return or statement required by this part. (6) An overpayment of a tax imposed by this part shall accrue interest at the rate and in the manner provided in Section 59-1-402. (7) The commission shall administer the tax imposed under this chapter based on referrals of covered entities from the division in accordance with Section 78B-3-1004.
‹ Prev All Utah sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.