§11-24-38. Deposit of revenue.
(a) Section thirteen of this article authorizes the tax
commissioner to combine into one form the annual returns due under
this article and article twenty-three of this chapter. To
facilitate combining returns, reports and declarations for these
two taxes, and to allow a taxpayer to pay both taxes with one
remittance, the amount of taxes collected under this article and
article twenty-three of this chapter, including any additions to
tax, penalties or interest collected with respect to such taxes,
pursuant to a combined return, report or declaration shall be
deposited in one account: Provided
, That the tax commissioner
shall keep such records as may be necessary to separately account
for the amount of each tax collected, including additions to tax,
penalties or interest collected with respect to each tax, during
each fiscal year of the state.
(b) Overpayments of the tax imposed by article twenty-three of
this chapter may be applied against tax due under this article for
same taxable year, and overpayments of the tax imposed by this
article may be applied against underpayment of the tax imposed by
article twenty-three of this chapter for the same taxable year.
(c) The provisions of this section shall take effect upon