762. CASH BASIS REPORTING AND PAYMENT.

Notwithstanding other provisions of this Chapter, the Tax Commission shall allow retailers to report and pay taxes measured by gross receipts upon a cash basis if:

1. The retailer has not charged his basis in the previous calendar year;
2. The retailer’s records are kept in a manner which may be audited to determine whether sales tax is paid upon all taxable sales;
3. The retailer has made a written request to the Commission for authority to pay tax on the cash basis; and
4. Authority to pay tax on the cash basis applies only to sales made after the authority is granted.