5.04.060 Tax Collection Contract with State Tax Commission.
(1) On or before the effective date of this Chapter, the City shall contract with the State Tax Commission to perform all functions incident to the administration and collection of the Municipal Energy Sales and Use Tax, in accordance with this Chapter. This contract may be a supplement to the existing contract with the Commission to administer and collect the Local Sales and Use Tax for Provo City, Utah. The Mayor is hereby authorized to enter supplementary agreements with the State Tax Commission that may be necessary to the continued administration and operation of the Municipal Energy Sales and Use Tax Ordinance enacted by this Chapter.
(2) An energy supplier shall pay the Municipal Energy Sales and Use Tax revenues collected from consumers directly to the City monthly if:
(a) the City of Provo, Utah is the energy supplier; or
(b)
(i) the energy supplier estimates that the Municipal Energy Sales and Use Tax collected annually from its Utah consumers equals one million dollars ($1,000,000.00) or more, and
(ii) the energy supplier collects the Municipal Energy Sales and Use Tax.
(3) An energy supplier paying the Municipal Energy Sales and Use Tax directly to Provo City, Utah, may deduct any contractual franchise fees collected by the energy supplier qualifying as a credit and remit the net tax less any amount the energy supplier retains as authorized by § 10-1-307(4), Utah Code Annotated.