Sales and Use Tax may be due on a monthly, quarterly, or annual basis. The due date is based on the average monthly tax you reported in the previous year, as shown in the table below.
||Less than $100 per month
||Feb. 5 of the following year|
||Less than $500 per month
||20th day of the month after the end of the quarter|
||More than $500 per month
||20th day of the month after the end of the month|
When a due date falls on a weekend or legal holiday, the due date is the next business day.
Penalties are assessed for different reasons. The most common penalties for Sales and Use Tax are for late filing or late payment of the tax.
If you don’t file your return on time, we’ll assess a 5 percent penalty. If you don’t pay the tax on time, we’ll assess a penalty of: 5 percent if your payment is up to 30 days late, 10 percent if it’s 31 to 60 days late, and 15 percent if it’s more than 60 days late.