(1) A lubricating oil vendor shall pay the fee collected under Section 19-6-714 to the commission:
(a) monthly on or before the last day of the month immediately following the last day of the previous month if:
(i) the lubricating oil vendor is required to file a sales and use tax return with the commission monthly under Section 59-12-108; or
(ii) the lubricating oil vendor is not required to file a sales and use tax return under Title 59, Chapter 12, Sales and Use Tax Act; or
(b) quarterly on or before the last day of the month immediately following the last day of the previous quarter if the lubricating oil vendor is required to file a sales and use tax return with the commission quarterly under Section 59-12-107.
(2) A lubricating oil vendor may retain no more than 2% of the recycling fee the lubricating oil vendor collects under Section 19-6-714 for the costs of collecting the fee.
(3) The payment of the fee to the commission shall be accompanied by a form provided by the commission.