10-46B-1.3. Taxes on receipts of worthless accounts.
49 words·~1 min read·
/sd/title-10/chapter-10-46/10-46b-1-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Taxes paid on gross receipts represented by accounts found to be worthless and actually charged off for income tax purposes, may be credited upon a subsequent payment of the tax. If such accounts are thereafter collected by the contractor, the tax shall be paid upon the amount so collected.