General powers and duties of the commission -- Deposit, distribution, or credit of revenues -- Refund reverts to state under certain circumstances

# (1)

# (a)

The commission shall administer and enforce a tax imposed under this chapter for which purpose it may divide the state into districts in each of which a branch office of the commission may be maintained.

# (b)

A county may not be divided in forming a district.

# (2)

# (a)

The commission shall deposit at least quarterly all revenue collected or received by the commission under this chapter with the state treasurer.

# (b)

Subject to Sections 59-10-529 and 59-10-531, the commission shall distribute and credit, at least quarterly and based on a pro rata share of Income Tax Fund and Uniform School Fund appropriations for the current fiscal year, the revenue described in Subsection (2)(a) to:

(i) the Income Tax Fund; and

(ii) the Uniform School Fund in accordance with Section 53F-9-201.1.

# (c)

The commission may credit to or draw from the Income Tax Fund and the Uniform School Fund:

(i) annually to adjust for differences between estimates and actual amounts; or

(ii) in the proportion described in Subsection (2)(b) to issue a refund.

# (d)

If a refund the commission makes is not claimed within two years from the date the commission issues the refund:

(i) the refund reverts to the state to be credited to the Income Tax Fund; and

(ii) no further claim may be made on the commission for the amount of the refund.