Collection allowance credit for collecting sales tax

Any person required to file a return and remit the tax imposed by chapter 10-45 , who holds a license issued pursuant to chapter 10-45 , who timely files the return due, and who timely remits the tax due, is allowed, as compensation for the expense of collecting and paying the tax, a credit equal to one and one-half percent of the gross amount of the tax due. However, the credit may not exceed seventy dollars per return period. If a person is required to file a return and to remit tax more than once within a thirty-day period, the collection allowance credit may not exceed seventy dollars for all returns filed and all remittances made within the thirty-day period. The collection allowance credit authorized by this section only applies to taxes reported on the sales and use tax return, including the taxes imposed by chapters 10-45 , 10-45D , 10-46 , 10-46E , 10-52 , 10-52A , 10-58 , and 10-33A , and §§ 32-5B-20 and