WILLIAM DONALD SCHAEFER, Governor

Ch. 2

11-502. RETURNS OF VENDOR.

(A)  REQUIRED.

EACH VENDOR SHALL COMPLETE AND. FILE WITH THE COMPTROLLER A
SALES AND USE TAX RETURN:

(1)  ON OR BEFORE THE 21ST DAY OF THE MONTH THAT
FOLLOWS THE MONTH IN WHICH THE VENDOR:

(I)  MAKES ANY RETAIL SALE OR SALE FOR USE; AND

(II)  MAKES A PURCHASE UNDER A DIRECT PAYMENT
PERMIT; AND

(2)  FOR OTHER PERIODS AND ON OTHER DATES THAT THE
COMPTROLLER SPECIFIES BY REGULATION, INCLUDING PERIODS IN WHICH
THE VENDOR DOES NOT MAKE ANY RETAIL SALE OR SALE FOR USE.

(B)  SALES INFORMATION.

A RETURN SHALL STATE, FOR THE PERIOD THAT THE RETURN COVERS:

(1)  FOR A VENDOR MAKING A RETAIL SALE IN THE STATE:

(I)  THE GROSS PROCEEDS OF THE BUSINESS OF THE
VENDOR;

(II)  THE TAXABLE PRICE OF SALES ON WHICH THE
SALES AND USE TAX IS COMPUTED; AND

(III)  THE SALES AND USE TAX DUE; AND

(2)  FOR A VENDOR MAKING A SALE FOR USE:

(I)  THE TOTAL VALUE OF THE TANGIBLE PERSONAL
PROPERTY OR TAXABLE SERVICE THE USE OF WHICH BECAME SUBJECT TO
THE SALES AND USE TAX; AND

(II)  THE SALES AND USE TAX DUE.

(C)  CONSOLIDATED RETURN.

IF THE COMPTROLLER APPROVES, A VENDOR ENGAGING IN MORE THAN
1 BUSINESS IN WHICH THE VENDOR MAKES RETAIL SALES OR SALES FOR
USE MAY FILE A CONSOLIDATED RETURN COVERING THE ACTIVITIES OF THE
BUSINESSES.

REVISOR'S NOTE: Subsections (a)(l)(i) and (2), (b), and (c)
of this section are new language derived without
substantive change from former Art. 81, §§ 335, 336,
367, 385, and 386 and, as it applied the consolidated
return provision of the former use tax, § 399.

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