Surety bonds.
Every vendor or retailer not engaging in business in the District who has been expressly authorized to pay the tax imposed by this chapter and collect reimbursement therefor, and every vendor engaging in business in the District, may, in the discretion of the Council of the District of Columbia, be required to file with the Mayor a bond not exceeding the amount of $10,000 with such sureties as the Council of the District of Columbia deems necessary, and for such duration not exceeding 5 years as the Council of the District of Columbia deems necessary, conditioned upon the payment of the tax due from any vendor or retailer for any period covered by any return required to be filed under this chapter.
Annotations
May 27, 1949, 63 Stat. 127, ch. 146, title II, § 218 July 24, 1982, D.C. Law 4-131, § 221, 29 DCR 2418 enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575 1973 Ed., § 47-2708. 1981 Ed., § 47-2208.
Sourced from the DC Council Open Law Library (public domain).
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