Maine Statutes
§ 36 §1811-A — Credit for worthless accounts
The tax paid on sales represented by accounts charged off as worthless may be credited against the tax due on a subsequent return filed within 3 years of the charge-off, but, if any such accounts are thereafter collected by the retailer, a tax must be paid upon the amounts so collected.
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Maine § 36 §1811-A (Credit for worthless accounts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 1965, c. 196, §1 (NEW). PL 1981, c. 706, §22 (AMD). PL 2007, c. 438, §49 (AMD).
Nearby Sections
3
§ 36 §1811
Sales tax§ 36 §1811-A
Credit for worthless accounts§ 36 §1811-B
Credit for tax paid on purchases for resale