March, June, September and December.
(2) For the year in which this article becomes effective,
and in each year thereafter, a return shall be filed monthly
with respect to each month by every licensee whose actual tax
liability for the third calendar quarter of the preceding year
equals or exceeds six hundred dollars ($600) and is less than
twenty-five thousand dollars ($25,000). Such returns shall be
filed on or before the twentieth day of the next succeeding
month with respect to which the return is made. Any licensee
required to file monthly returns hereunder shall be relieved
from filing quarterly returns.
(3) With respect to every licensee whose actual tax
liability for the third calendar quarter of the preceding year
equals or exceeds twenty-five thousand dollars ($25,000) and is
less than one hundred thousand dollars ($100,000), the licensee
shall, on or before the twentieth day of each month, file a
single return consisting of all of the following:
(i) [Either] For the period beginning after September 30,
2012, and ending before October 1, 2023 , either of the
following:
(A) An amount equal to fifty per centum of the licensee's
actual tax liability for the same month in the preceding
calendar year if the licensee was a monthly filer or, if the
licensee was a quarterly or semi-annual filer, fifty per centum
of the licensee's average actual tax liability for that tax
period in the preceding calendar year. The average actual tax
liability shall be the actual tax liability for the tax period
divided by the number of months in that tax period. For
licensees that were not in business during the same month in the
preceding calendar year or were in business for only a portion
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