Section 83-E:5 Tax Returns.
I. Except as provided in this section, on or before the fifteenth day of each second month following a taxable month, each provider maintaining a place of business or having transmission or distribution property in this state shall make a return to the department for the taxable month on a form prescribed by the department.
II. Any provider who has applied for and been granted permission to remit taxes annually shall file a return for each calendar year on or before February 15 of the following calendar year.
III. Any provider who ceases to engage in distributing, redistributing, or transmitting electrical energy for consumption, and is thereby not responsible for filing returns under this chapter, shall file a final return with the department not more than one month after discontinuing such activity. This requirement shall apply notwithstanding any other provision of this chapter regarding the time within which to file a return.
IV. In making a return, providers shall determine the value of any non- monetary consideration received by them and shall include such value in their return. Such determination shall be subject to review and revision by the department in the manner provided in this chapter for the correction of returns.
V. If the commissioner finds that the information required for the making of an accurate return cannot reasonably be compiled by a provider within one month and 15 days after the close of the taxable month for which a return is to be made, the commissioner may grant an extension of time for the filing of such return. Any such extension shall be granted for a period not to exceed 31 calendar days. The granting of such extension may be conditioned upon the payment by the provider of an amount of money equal to the amount estimated by the commissioner to be due with the return when filed under extension. All such estimated payments shall be credited against the provider's liabilities under this chapter.
VI. The provider shall pay to the department the amount of tax imposed by this chapter at the time it makes a return.
Source. 1997, 347:4.