Section Rev 2603.01 - Agent Liability(a) A distribution company's agent shall be liable only for such amounts of tax as it retains when it: (1) Bills consumers for their electrical energy consumption including the tax applicable for such services; and(2) Remits a part of the tax collections to its principal.(b) In all cases where an agent remits part or all of the tax funds collected to its principal, the agent shall: (1) Retain the following records relating to the billing, collection and remittance of tax: e. Any financial records of the agent used in recording the transactions; and(2) Provide such records to the department and its principal upon a request by the department incidental to an audit of the agent or its principal.(c) Records shall be retained pursuant to Rev 2906.12.(d) The principal shall advise its agent, within 5 days of notification of an audit by the department, that the records required in (b) above shall be retained until the completion of the audit and all related appeals by the principal or the department.N.H. Admin. Code § Rev 2603.01
#7479, eff 4-24-01 ; ss by #9443, eff 4-1-09
Amended by Volume XXXVII Number 15, Filed April 13, 2017, Proposed by #12138, Effective 3/22/2017, Expires 3/22/2027.