§ 10-197. Collection and reporting.

Every vendor with a duty to collect the excise tax shall collect the tax on behalf of the town and shall act as a trustee therefor. The tax shall be collected from purchasers and remitted to the town clerk on or before the 15th day of the month succeeding the month in which the tax has been paid and collected. Every vendor shall make a monthly report which shall be submitted at the same time the collected tax is remitted. A return must be filed even if no sales or transfers were made or if no tax is due for the period. Returns with a "zero" tax must be filed to avoid non-filer notices and penalty assessments. Such reports shall be upon such forms as may be provided by the town clerk.

(Code 1987, § 3-7-5; Ord. No. 01-16, § 2(3-7-5), 1-14-2016)