59-14-304. Transitional inventory tax on tobacco products -- Penalties and interest for failure to comply.
(1) In addition to the tax described in Section, there is imposed, beginning on July 1, 2010, an inventory tax on all tobacco products subject to the tax described in Section, upon the sale, use, or storage of those tobacco products in the state, as follows: 59-14-302 59-14-302 the tax imposed in this section applies only to tobacco products sold, used, or stored in the state on or after July 1, 2010: for which the tax was paid at the tax rate imposed under Sectionthat was applicable on June 30, 2010; and 59-14-302 for which the tax imposed in this section has not been paid; and the tax imposed in this section is equal to the difference between: the tax imposed on those tobacco products under Section, beginning on July 1, 2010; and 59-14-302 the tax imposed on those tobacco products under Sectionon or before June 30, 2010. 59-14-302
(2) The tax imposed in this section shall be paid by the manufacturer, jobber, distributor, wholesaler, or retailer.
(3) A person described in Subsectionshall remit the tax imposed in this section, in a return prescribed by the commission, on or before July 31, 2010. (2)
(4) Failure of a person to comply with the requirements of this section subjects the person to the penalties and interest described in Sectionsand. 59-1-401 59-1-402
(5) The commission may not waive the interest or penalties imposed on a person for failure to comply with the requirements of this section.