§ 3-32-070

Collection and remittance responsibilities of lessors

A. It shall be the duty of each lessor to collect the tax imposed by this chapter from the lessee at the time of each lease or rental payment, and to remit the tax to the department in accordance with Section 3-32-080 of this chapter.  In the event that a lessor fails to collect or remit the tax required to be collected by this section, the lessor shall be liable to the city for the amount of such tax.

B. In the case of an assignment of a lease or rental agreement, the original lessor shall not be required to collect and remit tax which becomes due after the assignment, provided that the original lessor separately stated the amount of the tax on the face of the agreement.

C. The tax imposed by this chapter, when collected or billed, shall be stated as a distinct item separate and apart from the lease or rental price of the personal property.

(Added Coun. J. 12-15-92, p. 27387; Amend Coun. J. 12-12-01, p. 75777, § 2.14; Amend Coun. J. 11-19-08, p. 48243, Art. I, § 4)

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