Liability for tax; payment date
Sec. 5. The owner of a commercial vessel is liable for the tonnage
tax imposed on it. Each year a commercial vessel owner shall, when
he files his tonnage tax return, pay the state the total amount of
tonnage taxes which he owes for that year. Thus, the owner shall pay
the tonnage taxes due for a year on or before July 1st of that year.
The state treasurer shall issue a receipt to the owner for the tonnage
taxes paid.
(Formerly: Acts 1975, P.L.47, SEC.3.)
Last modified: May 28, 2006