SECTION 72.8. Quarterly Reports

(a) Licensees must file with the Office of the Secretary of State a statement (i.e., quarterly report), on a form prescribed by that office, containing the following:

(1) a statement of the total quantity of licensed products sold;

(2) the total amount of gross receipts received from the sale of licensed products during the quarter;

(3) where the licensee has obtained an exemption under §72.4(a)(5) of this title (relating to Exemptions), the total amount of gross receipts received from the sale of licensed products during the quarter to state agencies;

(4) where the licensee has obtained an exemption under §72.4(b)(5) of this title, the total amount of gross receipts received from the sale of licensed products during the quarter to elected officials;

(5) the total amount of gross receipts derived by the licensee from other uses of the state seal during the quarter;

(6) the amount of any royalty fee due for the quarter;

(7) the file number issued by the secretary of state; and

(8) the licensee's name and address.

(b) The licensee shall remit with each quarterly report the amount of any royalty fee due or a statement as to the reason no royalty fee is due.

(c) Where an applicant is licensed after January 1 of a calendar year, the licensee's first quarterly report shall include the amount of gross receipts received on licensed products from the beginning of the calendar year.

(d) A quarterly report must be filed in the Office of the Secretary of State for each quarter in accordance with the following schedule:

(1) first quarter (January 1 - March 31)--quarterly report due April 15 of the current calendar year;

(2) second quarter (April 1 - June 30)--quarterly report due July 15 of the current calendar year;

(3) third quarter (July 1 - September 30)--quarterly report due October 15 of the current calendar year;

(4) fourth quarter (October 1 - December 31)--quarterly report due February 15 of the following calendar year.

Source Note: The provisions of this §72.8 adopted to be effective December 10, 2012, 37 TexReg 9617