Outside Section 55
Data Current as of: 9/11/2013
Subsection (k) of section 16 of chapter 62C of the General Laws, as so appearing, is hereby amended by adding the following 5 sentences:- In addition, each such person shall annually, on or before March 20, file an information return for the prior calendar year in such form and containing such information as the commissioner may, by rule or regulation, require including, but not limited to, the total monthly sales amount to each person to whom sales have been made, exclusive of deposits required by sections 321 to 327, inclusive, of chapter 94, and identifying information for such purchasers. If any person fails to file the information return required by this subsection, the person shall be liable for a penalty of $1,000 for each failure. The penalty shall be considered assessed upon the issuance by the commissioner of a notice to the taxpayer setting out the amount of the penalty and the period for which the information return was due. No other notice or demand for payment shall be required as a prerequisite to the imposition or collection of a penalty imposed under this subsection, and the penalty shall be collected in the same manner as a tax. A penalty imposed by the commissioner for a failure to file an information return under this subsection shall be subject to subsection (f) of section 33 relative to waiver of penalties.