Section 7324.5 - Annual withholding statement.(a) Every lessee shall furnish to each lessor an annual statement at such time and in such manner as may be prescribed by the department showing the total payments made by the lessee to the lessor during the preceding taxable year and showing the amount of the tax deducted and withheld from the payments under section 324.4.(b) Every lessee shall file with the department an annual statement at such time and in such manner as may be prescribed by the department showing the total payments made to each lessor subject to withholding during the preceding taxable year or any portion of the preceding taxable year and the total amount of tax deducted and withheld under section 324.4.(c) Every lessor shall file a duplicate of the annual statement furnished by the lessee under this section with the lessor's state income tax return.Added by P.L. TBD 2017 No. 43, § 25, eff. 2/1/2018.