§ 7-16-67 - Filing of returns with the tax administrator – annual charge.
SECTION 7-16-67
§ 7-16-67 Filing of returns with the taxadministrator – annual charge. – (a) A return in the form and containing the information as the taxadministrator may prescribe shall be filed with the tax administrator by thelimited liability company:
(1) In case the fiscal year of the limited liability companyis the calendar year, on or before the fifteenth day of March in the yearfollowing the close of the fiscal year; and
(2) In case the fiscal year of the limited liability companyis not a calendar year, on or before the fifteenth day of the third monthfollowing the close of the fiscal year.
(b) An annual charge shall be due on the filing of thelimited liability company's return filed with the tax administrator and shallbe paid to the Division of Taxation as follows:
(1) If the limited liability company is treated as acorporation for purposes of federal income taxation, it shall pay the taxes asprovided in chapters 11 and 12 of this title; or
(2) If the limited liability company is treated as apartnership for purposes of federal income taxation, it shall pay a fee in anamount equal to the minimum tax imposed upon a corporation under §44-11-2(e).
(c) The annual charge is delinquent if not paid by the duedate for the filing of the return and an addition of one hundred dollars($100.00) to the charge is then due.