North Dakota § 57-43.2-04.4 Credit for taxes paid on worthless accounts and refunds

North Dakota Statutes

§ 57-43.2-04.4 — Credit for taxes paid on worthless accounts and refunds

North Dakota § 57-43.2-04.4

Title 57Taxation

Ch. 57-43.2Special Fuels and Importer for Use Taxes

This text of North Dakota § 57-43.2-04.4 (Credit for taxes paid on worthless accounts and refunds) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 57-43.2-04.4 (2026).

Text

Taxes paid on special fuels 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 amount collected.
If in any case the credit or any part of it cannot be utilized because of a discontinuance of a
business or for other valid reason, the amount may be refunded.

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Taxes paid on special fuels 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 amount collected.
If in any case the credit or any part of it cannot be utilized because of a discontinuance of a
business or for other valid reason, the amount may be refunded.