For any taxable year beginning in a credit year, each employing unit (within the meaning of subsection 28-42-3(17) that is a certified company or one of its affiliated entities shall each pay a tax equal to five percent (5%) of the aggregate performance-based compensation paid to its eligible employees for the credit year. The tax shall be reported at the same time as tax on the employing unit may be due to be reported under chapter 11, 13, 13.1, 14, or 17 of title 44, or, if the employing unit is not taxable under those chapters, at such time as the tax administrator may prescribe. The tax imposed by this section shall not be offset by credits provided under those sections or any other provision of law.