1. (a) The owner of a cemetery shall contribute the following to the fund:

   1. (1) In the case of a cemetery for earth burials, an amount equal to one percent (1%) of the sale price of each burial plot sold or transferred.
   2. (2) In the case of a community or public mausoleum or a community or public garden crypt, an amount equal to one percent (1%) of the sale price of each sale of entombment or inurnment rights.

   3. (3) In the case of a community columbarium, an amount equal to two dollars ($2) per niche sold or transferred.

      The owner shall remit the contributions required under this subsection to the board for deposit in the fund.

2. (b) In the case of a payment to a cemetery owner of part of the sale price for a burial plot, entombment or inurnment rights, or a niche, the cemetery owner shall pay to the fund an amount proportional to the amount required by subsection (a)(1) through (a)(3). In the case of a nonmonetary transfer in the sale of a burial plot, entombment or inurnment rights, or a niche, the cemetery owner shall pay to the fund the cash equivalent of the amount that would be required by subsection (a)(1) through (a)(3) if the sale were for cash. The payment by the cemetery owner under this section must be in cash and shall be remitted to the board:

   1. (1) not later than March 1 of each year for payments received in the preceding calendar year; or
   2. (2) not later than March 1 of each year for nonmonetary transfers in the preceding calendar year.
3. (c) Payments are required under this section only on the original sale or transfer and are not required for any subsequent resale or transfer of the same plot, rights, or niche.

As added by P.L.65-2007, SEC.3.