10-65-7. Failure to collect or remit sales tax--Relief from liability. A marketplace provider that fails to collect or remit sales tax under § 10-65-5 may be relieved of liability if the failure was due to incorrect or insufficient information provided to the marketplace provider by a marketplace seller. The relief provided by this section may not exceed five percent of the total sales tax due on all sales into this state that are facilitated by a marketplace provider for marketplace sellers in a calendar year.
The provisions of this section do not apply to any sales where the marketplace provider is affiliated with the marketplace seller. A marketplace provider and a marketplace seller are affiliated if:
(1) Either owns more than five percent of the other; or
(2) Both are subject to the control of a common entity that owns more than five percent of each.
This section is repealed on June 30, 2024.
Source: SL 2018 (SS), ch 3, § 7, eff. Dec. 12, 2018.
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