10-46B ALTERNATE REALTY IMPROVEMENT CONTRACTOR'S EXCISE TAX
ALTERNATE REALTY IMPROVEMENT CONTRACTOR'S EXCISE TAX
Tax imposed on receipts from certain realty improvement contracts--Rate of tax--Exception.
Tax measured on accrual basis.
Tax paid on cash basis.
Taxes on receipts of worthless accounts.
Filing return and remitting tax--Time for filing and remittance--Extension--Penalty
for untimely return or remittance.
Prime contractors and subcontractors subject to tax.
Total contract price as basis of tax.
Gross receipts defined--Items not deductible.
Improvement without contract taxable when sold within four years after completion--Exceptions--Determination of gross receipts.
Administration of tax--Sales tax provisions applicable.
Report and payment of tax.
Lien and enforcement provisions applicable to contractors' tax.
Municipal tax on contractors--Rate--Restitution.
Contractors may list excise and use taxes as separate line item on contracts and bills.
Contractor to post excise tax license number with building permit for a realty
Personal liability of officers, managers, or partners of entity failing to file returns or
pay tax--Security in lieu of liability--Bonded municipal officials exempt.
Violation of chapter as criminal offense--Classification.
Prospective application of increases in tax.
Contractor's excise tax license required--Application.
Issuance of license--Assignment prohibited.
Refusal to issue license for failure to pay tax--Bond.
Exemption for floor laying.
Exemption of repair shops, locksmiths, and locksmith shops.
Allocation of certain revenues to water and environment fund.
Promulgation of rules.