A. Collection Of Tax: Every retailer "Engaged In Business" and selling at "Retail" shall, irrespective of the provisions of part 2 of this article, be liable and responsible for the payment of an amount equivalent to three and seven one-hundredths percent (3.07%) of all sales made by the retailer of commodities or services as specified in part 3 of this article.
B. Remittance Of Tax: Every retailer "Engaged In Business" and selling at "Retail" shall file a return with the Director on or before the twentieth day of the month for the preceding month or months under report and remit an amount equivalent to three and seven one-hundredths percent (3.07%) of the taxable sales and also any excessive tax collections over three and seven one-hundredths percent (3.07%) as provided in section 2.7.808 of this article. The retailer shall add the tax to the amount of the sale as a separate and distinct item, and the tax shall be a debt from the consumer to the retailer and shall be recoverable at law in the same manner as other debts.
C. Tax On Credit Sales: In the case of a sale on credit, rental purchase agreement or a conditional contract sale whereby the seller retains title as security for all or part of the purchase price, or whenever the seller takes a security interest in the goods or commodities to secure all or part of the purchase price, the total tax based on the taxable selling price shall become immediately due and payable. This tax shall be charged and collected by the seller.
Notes
| 1 | 1. January 1, 2016, is the effective date of ordinance 15-97. |
| 2 | 2. January 1, 2021 is the effective date of ordinance 20-61. |