Rule 560-12-1-.28 - Repealed(1) The Commissioner, upon receipt of a proper application, may approve a representative conversion factor developed by a retail dealer to produce insofar as practicable the equivalent tax required to be remitted by him to the State Revenue Commissioner under the Act and the bracket system instituted thereunder, provided that no such conversion factor will be approved which when applied to gross taxable sales will produce less than 4% of the gross taxable sales of such retail dealer.(2) This regulation does not prevent any retail dealer, subject to the Act, as amended, from collecting and remitting the tax required by the Act and the bracket system instituted thereunder in strict compliance with the Act and said bracket system so long as such retail dealer also complies strictly with the Act and the rules and regulations promulgated thereunder with respect to the keeping of records of each retail transaction and the tax collected thereon.(3) Application for the use of a special representative conversion factor under Paragraph (1) hereof shall be on a form provided by the Commissioner for that purpose. If the application is approved, the retail dealer will be assigned a representative conversion factor permit number (RCF No.____), and this permit number shall appear on each return filed thereafter by him and shall constitute an election to take advantage of the relief provided in Paragraph (1) hereof on all such returns by such retail dealer unless such retail dealer shall in writing request a cancellation of his permit number. Where no permit number is in effect with respect to a retail dealer, a factor or method of reporting is not authorized and returns shall be filed as otherwise provided by the Act and Regulations.Ga. Comp. R. & Regs. R. 560-12-1-.28
Ga. L. 1937-38, Extra Sess., pp. 77. et seq., as amended. Ga. Code Ann., Secs. 92-8405, 8406, 8409, 8427; Ga. L. 1951, pp. 360, 385; Ga. Code Ann., Sec. 92-3438a;O.C.G.A. Secs. 4-8-31, 48-2-12.
Original Rule was filed on June 30, 1965.Amended: F. Feb. 5, 1991; eff. Feb. 25, 1991.