[NR] Re: food sales exemption law
Decker, Terry D.
TerryD at Health.State.OK.US
Wed Aug 13 11:51:57 PDT 2003
> not the same thing at all. If I pay a tax, I am just another
> person paying
> in, in this case, ir I promote an event, I am required to
> "COLLECT" the
> taxes and forward them to the tax commision, and don't even
> get rewarded
> for doing so. An unpaid tax collector.
> Ewen
>
Actually, the term is "tax remitter." You can ignore the requirements of
the act and not file the paperwork; however, you are likely to become a
taxpayer.
As for being unpaid, the act states: "G. For the purposes of compensating
the promoter or organizer in keeping sales tax records, filing reports and
remitting the tax when due, a promoter or organizer shall be allowed a
deduction of the tax due as provided in Section 1367.1 of Title 68 of the
Oklahoma Statutes." The law allows the organizer (or a permitted vendor) to
deduct 1.25% (or 2.25% in some cases) of the sales tax up to $3,300 per
month. That's a better deal than I get keeping the books and filing the
papers for my income tax.
Bear
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