North Dakota Century Code — Title 57 (Taxation)
N.D.C.C. § 57-43.3-17
Credit for taxes paid on worthless accounts and refunds
Official textlegis.nd.gov
Taxes paid on aviation fuel represented by accounts found to be worthless, and actually charged off for income tax purposes, may be taken as a credit against subsequent taxes due provided the accounts charged off included the cost of the fuel as well as the taxes due. If the worthless account is subsequently collected, the tax must be remitted on the account collected.
If in any case the credit, or any part of it, cannot be utilized by the supplier or distributor because of a discontinuance of a business or other valid reason, the amount may be refunded.
Source: view the official PDF
In this chapter (27 sections)
- 57-43.3-01 · Definitions
- 57-43.3-02 · Tax imposed on aviation fuel
- 57-43.3-03 · Refund of tax
- 57-43.3-03.1 · Refund - Emergency medical services operation - Fire…
- 57-43.3-04 · Special excise tax levied
- 57-43.3-05 · Administration of tax
- 57-43.3-06 · Distribution of revenue
- 57-43.3-07 · Allocation of unclaimed refund revenue - Appropriation
- 57-43.3-09 · Bond or letter of credit required
- 57-43.3-10 · Qualification for exporter license
- 57-43.3-11 · Qualification for importer license
- 57-43.3-12 · Application for license - Issuance of license - Denial of…
- 57-43.3-13 · Revocation of license - Hearing to show cause -…
- 57-43.3-15 · Report by terminal operator required
- 57-43.3-17 · Credit for taxes paid on worthless accounts and refunds
- 57-43.3-18 · Commissioner to audit reports and assess tax
- 57-43.3-19 · Determination if no report filed
- 57-43.3-20 · Corporate officer liability
- 57-43.3-21 · Governor and manager liability
- 57-43.3-21.1 · Liability of a general partner in a limited liability…
- 57-43.3-22 · Lien of tax - Collection - Action authorized
- 57-43.3-23 · Penalty and interest - Violations
- 57-43.3-24 · Tax collection allowance
- 57-43.3-25 · Retention of records - Subject to inspection
- 57-43.3-26 · Inventory gains - Losses
- 57-43.3-27 · Administration - Assistants and investigations authorized…
- 57-43.3-28 · Erroneously or illegally collected taxes