CHAPTER 11. TAXATION.

§11-13-4. Computation of tax; payment.

The taxes levied hereunder shall be due and payable as follows:

(a) For taxpayers whose estimated tax under this article exceeds $1,000 per month, the tax shall be due and payable in monthly installments on or before the last day of the month following the month in which the tax accrued. Each such taxpayer shall, on or before the last day of each month, make out an estimate of the tax for which he is liable for the preceding month, sign the same and mail it together with a remittance, in the form prescribed by the Tax Commissioner, of the amount of tax to the office of the commissioner: Provided, That the installment payment otherwise due under this subdivision on or before June 30 each year shall be remitted to the Tax Commissioner on or before June 15 each year, beginning June 15, 1988. In estimating the amount of tax due for each month, the taxpayer may deduct one twelfth of any applicable tax credits allowable for the taxable year and one twelfth of the total exemption allowed for such year.

(b) For taxpayers whose estimated tax under this article does not exceed $1,000 per month, the tax shall be due and payable in quarterly installments within one month from the expiration of each quarter in which the tax accrued. Each such taxpayer shall, within one month from the expiration of each quarter, make out an estimate of the tax for which he is liable for such quarter, sign the same and mail it together with a remittance, in the form prescribed by the Tax Commissioner, of the amount of tax to the office of the commissioner. In estimating the amount of tax due for each quarter, the taxpayer may deduct one fourth of any applicable tax credits allowable for the taxable year and one fourth of the total exemption allowed for such year.

(c) When the total tax for which any person is liable under this article does not exceed $2,000 in any year, the taxpayer may pay the same quarterly as aforesaid, or, with the consent in writing of the Tax Commissioner, at the end of the month next following the close of the tax year.

(d) The above provisions of this section notwithstanding, the Tax Commissioner, if he deems it necessary to ensure payment of the tax, may require the return and payment under this section for periods of shorter duration than those prescribed above.

Bills Affecting §11-13-4

2002 2X: SB2007
2002 Regular Session: HB4005
2002 Regular Session: HB4029
2002 Regular Session: SB197
2004 Regular Session: HB4047
2004 Regular Session: HB4393
2004 Regular Session: SB23
2004 Regular Session: SB23
2004 Regular Session: SB194
2005 1X: HB103
2005 1X: HB103
2005 1X: SB1004
2005 1X: SB1004
2005 Regular Session: HB2540
2005 Regular Session: HB2554
2005 Regular Session: HB2825
2005 Regular Session: HB2999
2005 Regular Session: HB3226
2005 Regular Session: HB3231
2005 Regular Session: SB167
2005 Regular Session: SB167
2005 Regular Session: SB724
2006 Regular Session: HB2540
2006 Regular Session: HB2554
2006 Regular Session: HB2825
2006 Regular Session: HB3231
2006 Regular Session: HB4322
2006 Regular Session: SB17
2006 Regular Session: SB117
2006 Regular Session: SB117
2006 Regular Session: SB651
2007 Regular Session: HB2721
2007 Regular Session: HB3100
2007 Regular Session: HB3145
2007 Regular Session: SB124
2007 Regular Session: SB455
2007 Regular Session: SB455
2007 Regular Session: SB752
2007 Regular Session: SB752
2008 Regular Session: HB2721
2008 Regular Session: HB4587
2008 Regular Session: HB4684
2008 Regular Session: SB117
2008 Regular Session: SB117
2008 Regular Session: SB680
2008 Regular Session: SB680
2009 Regular Session: HB2084
2009 Regular Session: HB2931
2009 Regular Session: HB3081
2009 Regular Session: HB3271
2009 Regular Session: SB371
2009 Regular Session: SB371
2009 Regular Session: SB608
2009 Regular Session: SB696
2009 Regular Session: SB727
2009 Regular Session: SB728
2009 Regular Session: SB728
2009 Regular Session: SB755
2009 Regular Session: SB755
2010 Regular Session: HB2084
2010 Regular Session: HB3081
2010 Regular Session: HB4315
2010 Regular Session: SB127
2010 Regular Session: SB441
2011 Regular Session: HB3169
2011 Regular Session: SB465
2011 Regular Session: SB518
2012 Regular Session: HB4088
2012 Regular Session: HB4088
2012 Regular Session: SB208
2012 Regular Session: SB208
2012 Regular Session: SB419
2013 Regular Session: HB3040
2014 Regular Session: HB3040
2014 Regular Session: HB4320
2014 Regular Session: SB459
2015 Regular Session: HB2110
2015 Regular Session: HB2394
2015 Regular Session: HB2675
2015 Regular Session: SB276
2015 Regular Session: SB339
2016 Regular Session: HB2110
2016 Regular Session: HB2394
2016 Regular Session: HB2675
2016 Regular Session: HB4003
2016 Regular Session: HB4563
2016 Regular Session: HB4570
2016 Regular Session: SB293
2016 Regular Session: SB419
2017 Regular Session: HB2513
2017 Regular Session: HB2816
2017 Regular Session: SB377
2017 Regular Session: SB378
2018 Regular Session: SB97
2018 Regular Session: SB126
2019 Regular Session: HB2941
2020 Regular Session: HB2941
2020 Regular Session: HB4382
2020 Regular Session: HB4465