§ 74-346. Collection and recordkeeping.

(a)

Every person engaged in the shortterm rental business with a valid certificate of registration from the commissioner of the revenue shall collect this daily rental tax from the lessee of the daily rental property at the time of rental.

(b)

The person collecting this tax shall maintain a record of all rental transactions for which this tax is collected, which records shall contain the following:

(1)

A description of the property rented;

(2)

The period of time for which the property was rented;

(3)

The name of the person to whom the property was rented; and

(4)

The amount charged for each rental, including all late charges, penalties and interest.

(c)

Every person engaged in the shortterm rental business shall maintain a complete record of all exemptions from payment of this tax granted to renters of shortterm rental property, including, in addition to the information specified in subsection (b) of this section:

(1)

A copy of the state department of taxation tax-exemption certificate;

(2)

A copy of the U.S. State Department tax-exemption certificate, which U.S. State Department card must specify that the renter by name is exempt from sales tax; or

(3)

Other explanation and proof of the claimed exemption.

(Code 1988, § 13-215)

(Code 1988, § 13-215)