10-45-30.1. Cash basis reporting and payment.
Notwithstanding other provisions of this chapter, the secretary of revenue shall allow retailers to report and pay sales tax measured by gross receipts upon a cash basis if:
(1)The retailer has not changed his basis in the previous calendar year;
(2)The retailer's records are kept in a manner which may be audited to determine whether sales tax is paid upon all taxable sales;
(3)The retailer has made a written request to the secretary for authority to pay tax on the cash basis; and
(4)Authority to pay tax on the cash basis applies only to sales made after the authority is granted.
Source: SL 1983, ch 85, §1; SL 2003, ch 272 (Ex. Ord. 03-1), §82; SL 2011, ch 1 (Ex. Ord. 11-1), §161, eff. Apr. 12, 2011.