WILLIAM DONALD SCHAEFER, Governor

Ch. 2

Defined terms: "Comptroller" § 1-101

"Retail sale" § 11-101 "Sale for use" § 11-101

"Sales and use tax" § 1-101

"Tangible personal property" § 11-101

"Taxable price" § 11-101

"Taxable service" § 11-101 "Use" § 11-101

"Vendor" § 11-101

11-503. EXTENSION OF TIME.

IF THE COMPTROLLER FINDS THAT GOOD CAUSE EXISTS AND SUBJECT
TO § 13-601 OF THIS ARTICLE, THE COMPTROLLER MAY EXTEND THE TIME
TO FILE A SALES AND USE TAX RETURN FOR THE PERIOD THAT THE
COMPTROLLER CONSIDERS REASONABLE.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 81, §
365(b), and, as it related to extensions to file
returns, § 399.

The phrase "subject to § 13-601 of this article" is
added as a general reference to the requirement to pay
interest, notwithstanding an extension.

The reference to a finding "that good cause exists" is
substituted for the former words "for cause shown",
for clarity and conformity to similar provisions for
extensions on income tax returns in § 10-824 of this
article.

Defined term: "Comptroller" § 1-101

11-504. RECORDS.

(A)  IN GENERAL.

A VENDOR SHALL KEEP:

(1)  COMPLETE AND ACCURATE RECORDS OF:

(I)  ALL RETAIL SALES AND SALES FOR USE; AND

(II)  THE SALES AND USE TAX COLLECTED; AND

(2)  OTHER RECORDS IN THE FORM THAT THE COMPTROLLER
REQUIRES BY REGULATION, INCLUDING BILLS OF LADING AND INVOICES.

(B)  INSPECTION.

A VENDOR SHALL MAKE THE RECORDS UNDER SUBSECTION (A) OF THIS
SECTION AVAILABLE FOR INSPECTION AND EXAMINATION BY THE
COMPTROLLER AT ANY TIME DURING BUSINESS HOURS.

(C)  PRESERVATION.

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